The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

New Study by NIST Reveals Biases in Facial Recognition Technology

new study by nist reveals

The National Institute of Standards and Technology (NIST) recently did a study on the effects of race, age and sex on the facial recognition software. The results showed significant biases in the software for the people of color and women. 

The report’s primary author and a NIST computer scientist, Patrick Grother, said in a statement, 

“While it is usually incorrect to make statements across algorithms, we found empirical evidence for the existence of demographic differentials in the majority of the face recognition algorithms we studied.”  

This means that the algorithms misidentified people of color more than white people and they also misidentified women more than men. 

The study done by NIST is pretty robust. NIST evaluated 189 software algorithms from 99 developers, “a majority of the industry”, using federal government data sets which contains roughly 18 million images of more than 8 million people.

The study evaluated how well those algorithms perform in both one-to-one matches and one-to-many matches. Some algorithms were more accurate than others, and NIST carefully notes that “different algorithms perform differently.” 

The higher rates of false positives were in the one-to-one matching scenario for Asian and African American faces compared to Caucasian faces. And this effect was remarkably dramatic as well in some instances with the misidentifications 100 times more for the Asian and African American faces compared to their white counterparts. 

The study also showed that the algorithms resulted in more false positives for women than men and more false positives for the very young and very old compared to the middle-aged faces. In the one-to-many scenario, African American women had higher rates of false positives. 

The study also found out that the algorithms developed in Asian countries didn’t result in the same drastic false-positive results in the one-to-one matching of Asian and Caucasian faces. According to NIST, this shows that the impact of the diversity of training data, or lack thereof, on the resulting algorithm. 

“These results are an encouraging sign that more diverse training data may produce more equitable outcomes, should it be possible for developers to use such data,” Grother said.

 

 

Related Posts

News

Google plans to conduct identity verification of advertisers

Google stated in a blog post on Thursday that it will soon require all advertisers to verify thei...

Google plans to conduct identity verification of advertisers Explore More

News

Saudi Arabia Takes New Measures to Tackle Financial Crime

Saudi Authorities have approved a new legislative measure designed to enhance their efforts in fi...

Saudi Arabia Takes New Measures to Tackle Financial Crime Explore More

News

The Brussels Threatens Emirates with Sanctions for Illicit Financial Flow

Think tank has ranked emirates to be the top destination for illicit financial activities. Brusse...

The Brussels Threatens Emirates with Sanctions for Illicit Financial Flow Explore More

News

Switzerland Ill-Equipped in Fight Against White Collar Crimes: SFAO Report

The Swiss Federal Audit Office investigated Switzerland’s meager protocols against white-co...

Switzerland Ill-Equipped in Fight Against White Collar Crimes: SFAO Report Explore More

News

US Imposes First-Ever Sanctions on Bitcoin Mixer for Money Laundering

The US Treasury recently announced that it has imposed the first-ever sanctions on a bitcoin mixe...

US Imposes First-Ever Sanctions on Bitcoin Mixer for Money Laundering Explore More

News

NGOs Advised on Due Diligence to Tackle Terrorism Financing

The Financial Crimes Commission’s SCUML has advised Non-Governmental Organizations (NGOs) to cond...

NGOs Advised on Due Diligence to Tackle Terrorism Financing Explore More

News

Hacker Group Profited $7M in Crypto by Selling Stolen Credit Cards

A hacker group “Keeper” developed an interconnected network of over 570 eCommerce sites to steal ...

Hacker Group Profited $7M in Crypto by Selling Stolen Credit Cards Explore More

News

American Gaming Association Updates Best Practices for AML

The American Gaming Association (AGA) has released updated “Best Practices for Anti-Money Launder...

American Gaming Association Updates Best Practices for AML Explore More

News

Uganda Remains Greylisted by FATF for Money Laundering

There will be no change to Uganda’s status on the “grey list” due to the countr...

Uganda Remains Greylisted by FATF for Money Laundering Explore More

News

Bitcoin ATMs face stricter regulations over money laundering

According to experts, Bitcoin ATMs (BATMs) will face stern regulations globally, with countries s...

Bitcoin ATMs face stricter regulations over money laundering Explore More

News

MALACAÑANG Orders Relevant Government Agencies to Implement Anti-Money Laundering Plans and Programs

Aiming to exit the Financial Action Task Force’s (FATF) grey list by January 2024, MALACAÑANG Pal...

MALACAÑANG Orders Relevant Government Agencies to Implement Anti-Money Laundering Plans and Programs Explore More

News

Bank of Ghana Proposed Guidelines to Strengthen AML/CFT Regulation

The Bank of Ghana proposed guidelines for banks to enhance the Anti-Money Laundering and Combatin...

Bank of Ghana Proposed Guidelines to Strengthen AML/CFT Regulation Explore More

News

Europol Convicts Israel-France Gang on $40 Million Money Laundering Plot

Europol’s joint investigation with French authorities has led to the dismantling of a Franco-Isra...

Europol Convicts Israel-France Gang on $40 Million Money Laundering Plot Explore More

News

Nevada Takes Measures to Combat Unemployment Insurance Fraud

District of Nevada’s Office of U.S Attorney has shown concerns about the rise in unemployment ins...

Nevada Takes Measures to Combat Unemployment Insurance Fraud Explore More

News

Money Laundering Proceedings Against Pilatus Set Back Indefinitely

Money laundering proceedings against Pilatus Bank and its former top officials will likely be set...

Money Laundering Proceedings Against Pilatus Set Back Indefinitely Explore More

News

Canada Faces 400% Increase in the Cryptocurrency Fraud

The Canadian police department is warning people to protect their personal information and perfor...

Canada Faces 400% Increase in the Cryptocurrency Fraud Explore More

News

Portuguese Banks Restrict Services for Crypto Exchanges, Citing Risky Grounds

Portuguese banks have restricted services of multiple crypto exchange firms operating in the coun...

Portuguese Banks Restrict Services for Crypto Exchanges, Citing Risky Grounds Explore More

News

FCA Issues Warning About 100+ Unregistered Crypto-asset Firms

111 unregistered crypto-asset firms are operating from the UK. FCA warns consumers, banks, and pa...

FCA Issues Warning About 100+ Unregistered Crypto-asset Firms Explore More

News

AI-based voice cloning induces new scams

Vijay Balasubramaniyan, the CEO, CTO, and Co-founder of Pindrop Security, warns the world about a...

AI-based voice cloning induces new scams Explore More

News

ECOWAS Partners with Interpol to Tackle Money Laundering

ECOWAS (Economic Community of West African States) partners with INTERPOL (International Criminal...

ECOWAS Partners with Interpol to Tackle Money Laundering Explore More

News

Hungary Becomes “Largely Compliant” with FATF Standards After Improving AML/CFT Measures

The Anti-Money Laundering Body of the Council of Europe has stated that Hungary has improved its ...

Hungary Becomes “Largely Compliant” with FATF Standards After Improving AML/CFT Measures Explore More

News

ICAEW and B20 Task Force to Introduce Recommendations For Combating Financial Crimes

Policies for anti-money laundering and terrorist financing compliance will be introduced to comba...

ICAEW and B20 Task Force to Introduce Recommendations For Combating Financial Crimes Explore More

News

FinTech and InsureTech Booms in Israel as $120M Raised for Investments

FinTLV, a fund based in Tel Aviv, has announced that it has collected $120 million worth of funds...

FinTech and InsureTech Booms in Israel as $120M Raised for Investments Explore More

News

EU Sets a New Limit on Cash Transactions to Curb Financial Crimes

The EU countries have signed an agreement according to which the crypto-service providers must co...

EU Sets a New Limit on Cash Transactions to Curb Financial Crimes Explore More

News

Turkey at Risk of Becoming a Haven for Russian Sanctions

Turkey is facing rising pressure for compliance with sanctions imposed on Russia and to increase ...

Turkey at Risk of Becoming a Haven for Russian Sanctions Explore More

News

Coinbase Attorney Urges SEC to Announce Crypto Rules

Coinbase’s attorney forced the Securities and Exchange Commission (SEC) to announce a trans...

Coinbase Attorney Urges SEC to Announce Crypto Rules Explore More

News

HKMA Fines Cathay United Bank’s Hong Kong Branch with HK$11m

HKMA investigated CUBHK for violating the Anti-Money Laundering and Counter-Terrorist Financing O...

HKMA Fines Cathay United Bank’s Hong Kong Branch with HK$11m Explore More

News

US Crypto Firms Reluctant Towards New KYC/AML Proposal by FinCEN

The US crypto firm, Coinbase, sent a letter to FinCEN with a clear message, “There is no emergenc...

US Crypto Firms Reluctant Towards New KYC/AML Proposal by FinCEN Explore More

News

COVID-19 Vaccines at the Risk of being Illegally Obtained by Fraudsters

There is nothing more awaited than the coronavirus vaccine this year. The international agencies ...

COVID-19 Vaccines at the Risk of being Illegally Obtained by Fraudsters Explore More

News

13K Affected in Third-Party Data Breach at Anthem MaineHealth

A third-party service provider accessed the database of Anthem MaineHealth and obtained patients’...

13K Affected in Third-Party Data Breach at Anthem MaineHealth Explore More

News

Hong Kong Crypto Exchange Platform JPEX Involved in a $178M Fraud

Hong Kong Authorities claimed they received over 23,000 complaints against the Dubai-registered c...

Hong Kong Crypto Exchange Platform JPEX Involved in a $178M Fraud Explore More

News

Bank of Ghana Proposed Guidelines to Strengthen AML/CFT Regulation

The Bank of Ghana proposed guidelines for banks to enhance the Anti-Money Laundering and Combatin...

Bank of Ghana Proposed Guidelines to Strengthen AML/CFT Regulation Explore More

News

Singapore: MAS Preparing Data Sharing Platforms to Combat FinCrime

The Monetary Authority of Singapore (MAS) is creating a digital platform named Cosmic that will a...

Singapore: MAS Preparing Data Sharing Platforms to Combat FinCrime Explore More

News

U.K. Parliament Introduces New Online Safety Bill to Curb Push Payment Fraud

The UK Parliament introduces a new Online Safety Bill, to mitigate push payment fraud and increas...

U.K. Parliament Introduces New Online Safety Bill  to Curb Push Payment Fraud Explore More

News

US Authorities Seize Bahamas Bank for Laundering $58 Million

It’s rumoured that Deltec, a Bahamas-based bank popular with crypto clients, is linked to a...

US Authorities Seize Bahamas Bank for Laundering $58 Million Explore More

News

Egypt to Enact Updated AML Legislations and Develop Action Mechanisms to Curb Financial Crimes

Egyptian Money Laundering and Terrorist Financing Combating Unit (EMLCU) is all set to enact revi...

Egypt to Enact Updated AML Legislations and Develop Action Mechanisms to Curb Financial Crimes Explore More

News

EU Court of Justice Passes Judgement Against Provision of AMLD5

EU Court of Justice has passed a judgment against the provision of the AMLD5, concluding that pub...

EU Court of Justice Passes Judgement Against Provision of AMLD5 Explore More

News

Danish Gaming Regulator to Support the Ministry of Justice’s National AML Strategy

Denmark promises to crackdown on money laundering activities across the nation with a new AML str...

Danish Gaming Regulator to Support the Ministry of Justice’s National AML Strategy Explore More

News

EU to add Panama, Bahamas, and others to money-laundering blacklist

The European Commission has included Mauritius, Panama, and ten other states to its list of count...

EU to add Panama, Bahamas, and others to money-laundering blacklist Explore More

News

$4.4 Billion Worth Cryptocurrency Stolen in 2019

The crypto analytics firm, CipherTrace released its Q3 2019 Cryptocurrency Anti-Money Laundering ...

$4.4 Billion Worth Cryptocurrency Stolen in 2019 Explore More

News

One Million Student Records Compromised by E-Learning Sites

About one million online student records that contain personal information of students have been ...

One Million Student Records Compromised by E-Learning Sites Explore More

News

EU Parliament Reaches Provisional Agreement on Extending Rules for Crypto Assets

The Council Presidency has reached a provisional agreement with the EU Parliament regarding the r...

EU Parliament Reaches Provisional Agreement on Extending Rules for Crypto Assets Explore More

News

Fraudulent crypto exchange shut down by UK High Court

The UK High Court has designated the Official Receiver as liquidator of GPay Ltd, the cryptocurre...

Fraudulent crypto exchange shut down by UK High Court Explore More

News

SMS Phishing Scams are Impersonating State Agencies – FTC Warns

FTC issues warning against SMS phishing attacks that are impersonating state workforce agencies t...

SMS Phishing Scams are Impersonating State Agencies – FTC Warns Explore More

News

Hong Kong Sees 20-fold Spike in Investment Scam Losses – Report

According to the Police, 725 cases of investment scams occurred within the first seven months of ...

Hong Kong Sees 20-fold Spike in Investment Scam Losses – Report Explore More

News

SuperCare Health Faces Lawsuit for Having “Incompetent Security Measures” to Stop Data Breach

Plaintiff filed a lawsuit against SuperCare Health in the US Central District of California and a...

SuperCare Health Faces Lawsuit for Having “Incompetent Security Measures” to Stop Data Breach Explore More

News

PCMLTFA Update: FINTRAC Announces Flexible Compliance Approach

On May 28, 2021, FINTRAC announced changes in Canada’s anti-money laundering regime under t...

PCMLTFA Update: FINTRAC Announces Flexible Compliance Approach Explore More

News

UAE to Include Crypto Framework in their 2021 Business Agenda

The financial watchdogs in the UAE are looking towards developing a detailed crypto framework in ...

UAE to Include Crypto Framework in their 2021 Business Agenda Explore More

News

FINMA, SFC, and MAS Fine Multiple Financial Institutions Over $1.5 Billion For Money Laundering Activities

FINMA, SFC, and MAS fined multiple financial institutions over $1.5 billion for not complying wit...

FINMA, SFC, and MAS Fine Multiple Financial Institutions Over $1.5 Billion For Money Laundering Activities Explore More

News

“Steer Clear Of Online Shopping Fraud This Holiday Season”, Says Victor Fredung

Following the FTC’s statement regarding online shopping fraud, Shufti’s CEO Victo...

“Steer Clear Of Online Shopping Fraud This Holiday Season”, Says Victor Fredung Explore More

News

The Financial Intelligence Analysis Unit Levies Fines Worth €2.2 Million in the First Half of 2023

The Financial Intelligence Analysis Unit fined €2.2 million in the first half of 2023. A constitu...

The Financial Intelligence Analysis Unit Levies Fines Worth €2.2 Million in the First Half of 2023 Explore More

News

UAE Extends the Deadline for DNFBPs to Register for AML Regulations

The Ministry of Economy (MoE) in Abu Dhabi has announced the deadline extension for the registrat...

UAE Extends the Deadline for DNFBPs to Register for AML Regulations Explore More

News

Mongolia Stays Committed to the Fight Against Money Laundering

Mongolia is the first Asia-Pacific and fifth global nation to implement all 40 FATF recommendatio...

Mongolia Stays Committed to the Fight Against Money Laundering Explore More

News

Danske Bank Expecting Huge Profit Rebound as Money Laundering Case Ends

Danske Bank expects a massive rebound in earnings this year, 2023, after the closure of the money...

Danske Bank Expecting Huge Profit Rebound as Money Laundering Case Ends Explore More

News

NFIU Increases Efforts to Remove Nigeria from FATF Gray List

The Nigerian Financial Intelligence Unit (NFIU) has stated that it is working towards removing th...

NFIU Increases Efforts to Remove Nigeria from FATF Gray List Explore More

News

FinCEN Calls in Bankers to Assess AML/CFT Risks in DeFi

The Financial Crimes Enforcement Network (FinCEN) is focusing on DeFi oversight as government bod...

FinCEN Calls in Bankers to Assess AML/CFT Risks in DeFi Explore More

News

Arizona Bank Used to Funnel 11 Million USD in a Money Laundering Scheme

According to Federal prosecutors, a money-laundering scheme has been successful in funneling $11 ...

Arizona Bank Used to Funnel 11 Million USD in a Money Laundering Scheme Explore More

News

Central Bank of Nigeria Lifts Limit on $10k Deposits for Domestic Account Holders

Domestic account holders of Nigeria will be able to access the funds in their accounts without hi...

Central Bank of Nigeria Lifts Limit on $10k Deposits for Domestic Account Holders Explore More

News

The SEC Uncovers a Pyramid Scheme and Charges Multiple Individuals

The U.S. regulatory authority SEC uncovered a crypto pyramid scheme that stole approximately US$2...

The SEC Uncovers a Pyramid Scheme and Charges Multiple Individuals Explore More

News

UAE adopts digital identity and blockchain to fight COVID-19

Taking into account the recent Coronavirus outbreak, UAE’s Ministry of Community Development (MOC...

UAE adopts digital identity and blockchain to fight COVID-19 Explore More

News

Nexo to Sue Bulgarian State over Money Laundering Allegations

The Bulgarian crypto lending bank, Nexo, revealed that it would file legal action against the Bul...

Nexo to Sue Bulgarian State over Money Laundering Allegations Explore More

News

Danske Bank Expecting Huge Profit Rebound as Money Laundering Case Ends

Danske Bank expects a massive rebound in earnings this year, 2023, after the closure of the money...

Danske Bank Expecting Huge Profit Rebound as Money Laundering Case Ends Explore More

News

Google CEO voices his concerns regarding AI and its potential harmful damages in the future

Sundar Pichai, Google CEO gave a statement on Monday regarding Artificial Intelligence and its in...

Google CEO voices his concerns regarding AI and its potential harmful damages in the future Explore More

News

AUSTRAC Has Published a New Guidance For Detecting “Cuckoo Smurfing”

AUSTRAC’s guidance offers indicators for financial institutions, to allow them to detect suspicio...

AUSTRAC Has Published a New Guidance For Detecting “Cuckoo Smurfing” Explore More

News

Colombian Financial Crime Unit Detects $20 Billion Potentially Linked to Money Laundering

Colombia’s Financial Crimes Unit has detected $20 billion in financial operations that are potent...

Colombian Financial Crime Unit Detects $20 Billion Potentially Linked to Money Laundering Explore More

News

EU Sets a New Limit on Cash Transactions to Curb Financial Crimes

The EU countries have signed an agreement according to which the crypto-service providers must co...

EU Sets a New Limit on Cash Transactions to Curb Financial Crimes Explore More

News

PHL Ranking Declines in the Corruption Index, Reveals GRP

According to the Global Risk Profile (GRP), the ranking of the Philippines in the corruption inde...

PHL Ranking Declines in the Corruption Index, Reveals GRP Explore More

News

South Korea Demands Crypto Exchange Data from Banks for Tighter Regulations

The financial regulators in South Korea are seeking crypto exchange data from the banks in order ...

South Korea Demands Crypto Exchange Data from Banks for Tighter Regulations Explore More

News

American Law Firms Building Class Suits against HSBC and Standard Chartered for Money Laundering

Labaton Sucharow and Schall Law have a record of pursuing legal claims against listed organizatio...

American Law Firms Building Class Suits against HSBC and Standard Chartered for Money Laundering Explore More

News

US Government Announces Reward for Identifying Sanctioned Russian Assets

The US government has announced financial rewards of up to $5 million for information leading to ...

US Government Announces Reward for Identifying Sanctioned Russian Assets Explore More

News

MAS Rejects License Applications of 100 Crypto Exchanges for Ineffective CDD Protocols

Over 100 companies were either turned down or had to withdraw their applications for a license to...

MAS Rejects License Applications of 100 Crypto Exchanges for Ineffective CDD Protocols Explore More

News

Canada’s Anti-Money Laundering Crackdown Gets Support From Coalition

The Canadian government has swiftly responded to a call for action from an alliance of organizati...

Canada’s Anti-Money Laundering Crackdown Gets Support From Coalition Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started