Read More about fast-id page

Shufti globally launches webinr-icon - a new kind of identity solution!

Shufti globally launches - a new kind of identity solution!

Read more

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

UAE Charges Six Companies with Dh3.2 Million for AML/CTF Violations

The UAE has fined six companies Dh3.2 million for failing to comply with Anti-Money Laundering an...

UAE Charges Six Companies with Dh3.2 Million for AML/CTF Violations Explore More

News

Shufti Introduces Digital COVID Pass for COVID Test Verification

Shufti has launched a Digital Covid Pass solution to promptly verify the COVID PCR-test repor...

Shufti Introduces Digital COVID Pass for COVID Test Verification Explore More

News

OFAC Sanctions Cryptocurrency Mixing Service for Allegedly Sourcing Money Laundering

OFAC has imposed economic sanctions on cryptocurrency mixing service Tornado Cash for allowing cu...

OFAC Sanctions Cryptocurrency Mixing Service for Allegedly Sourcing Money Laundering Explore More

News

FBI Warns of Tech Support Scammers Compromising Financial Accounts

The Boston Division of the Federal Bureau of Investigation (FBI) has warned of an increase in num...

FBI Warns of Tech Support Scammers Compromising Financial Accounts Explore More

News

MP Calls in For UK’s Defences in Opposition to “Dirty Money” Overrun

The cross-party group of MP declares UK defences in becoming the “jurisdiction of choice for dirt...

MP Calls in For UK’s Defences in Opposition to “Dirty Money” Overrun Explore More

News

24 scammers arrested on money laundering charges

Government officials have arrested over 24 money laundering suspects due to an online fraud opera...

24 scammers arrested on money laundering charges Explore More

News

Bulgaria Must Strengthen its Measures Against Money Laundering & Terrorist Financing – Moneyval

Moneyval called on Bulgaria to improve the regulatory standards for the domestic framework consis...

Bulgaria Must Strengthen its Measures Against Money Laundering & Terrorist Financing – Moneyval Explore More

News

AMLC Downgrades Terror Financing Risks in the Philippines From High to Medium-High

According to the anti-money laundering council, the Philippines’ terrorist and terrorism fi...

AMLC Downgrades Terror Financing Risks in the Philippines From High to Medium-High Explore More

News

Interpol Launches New Center to Combat Financial Crime

Interpol has launched a Financial Crime and Anti-Corruption Center (IFCACC) as part of efforts to...

Interpol Launches New Center to Combat Financial Crime Explore More

News

UAE’s Economic Integration Committee Highlights Files of Mutual Investigation with FATF

In the latest Economic Integration Committee meeting, the UAE’s financial regulatory authorities ...

UAE’s Economic Integration Committee Highlights Files of Mutual Investigation with FATF Explore More

News

NAB Chief Urges Government to Reconsider Fines for Large Data Breaches

The Chief of NAB Ross McEwan has urged the government that penalties for data breaches charged as...

NAB Chief Urges Government to Reconsider Fines for Large Data Breaches Explore More

News

Payment Companies Suggest Best Practices To Stay Away From Bank Shutouts

Payment companies have proposed a set of best practices to avoid bank shutouts by protecting the ...

Payment Companies Suggest Best Practices To Stay Away From Bank Shutouts Explore More

News

Regulatory Authorities Fines TD Bank, Adelaide Casino, and SBI over $500 Million For AML Failings

International financial watchdogs have imposed a fine of over $500 million on TD Bank, Adelaide C...

Regulatory Authorities Fines TD Bank, Adelaide Casino, and SBI over $500 Million For AML Failings Explore More

News

EU Lawmakers to Decide Ban on Large Crypto Transfers from Self-Hosted Wallets

European Union lawmakers will vote on limiting crypto transfers from self-hosted wallets on March...

EU Lawmakers to Decide Ban on Large Crypto Transfers from Self-Hosted Wallets Explore More

News

Sri Lanka removed from the high-risk money-laundering list

COLOMBO – Sri Lanka was recently removed from the list of high-risk countries for money lau...

Sri Lanka removed from the high-risk money-laundering list Explore More

News

BSP Seeking to Mandate e-KYC For Financial Institutions

The draft circular suggests obligatory e-KYC processes, including identity verification and custo...

BSP Seeking to Mandate e-KYC For Financial Institutions Explore More

News

CAMLMAC and UAE Financial Intelligence Unit Join Hands to Fight FinCrime

UAE and China have signed an MoU on August 03, 2021 to combat money laundering and terror financi...

CAMLMAC and UAE Financial Intelligence Unit Join Hands to Fight FinCrime Explore More

News

UAE Starts to Scrutinize Businesses to Ensure KYC/AML Compliance

The UAE’s Ministry of Economy now starts the inspections of Designated Non-Financial Businesses a...

UAE Starts to Scrutinize Businesses to Ensure KYC/AML Compliance Explore More

News

ML/TF Legislation for Art Industry Labeled ‘Damaging and Unjust’

Cinoa, the international art & antiques dealers’ association has issued an open letter signed...

ML/TF Legislation for Art Industry Labeled ‘Damaging and Unjust’ Explore More

News

Ukraine to Scale-up Fight Against Financial Crimes

Ukraine’s Cabinet of Ministers has approved a plan that will strengthen the measures to prevent f...

Ukraine to Scale-up Fight Against Financial Crimes Explore More

News

ACRA Cancels Registration of Company for AML/CFT Failures

The Accounting and Corporate Regulatory Authority (ACRA) has revoked the registration of a compan...

ACRA Cancels Registration of Company for AML/CFT Failures Explore More

News

Phishing attacks hidden in Google Cloud Services

Cybercriminals are concealing phishing efforts behind legitimate resources like google cloud serv...

Phishing attacks hidden in Google Cloud Services Explore More

News

BSP Seeks to Tighten Rules on Reporting ML/TF Threats

The Bangko Sentral ng Pilipinas (BSP) is seeking to tighten guidelines on reporting threats relat...

BSP Seeks to Tighten Rules on Reporting ML/TF Threats Explore More

News

President Biden Takes the Reins with Halting Digital Assets’ Rule Making

Regulatory proposal regarding digital assets has been frozen by President Joe Biden. Biden took h...

President Biden Takes the Reins with Halting Digital Assets’ Rule Making Explore More

News

FinCEN and Federal Reserve Board Reducing the Bar for International Transactions

The FinCEN and Federal Reserve Board are planning to reduce the threshold for international trans...

FinCEN and Federal Reserve Board Reducing the Bar for International Transactions Explore More

News

SA Banks at High Risk of Money Laundering & Terrorist Financing, Says Prudential Authority Report

South African banks have moved up into the high-risk category in the new report from the Prudenti...

SA Banks at High Risk of Money Laundering & Terrorist Financing, Says Prudential Authority Report Explore More

News

Experts Warn that Scammers are Exploiting EU Users on Meta’s Threads

Meta’s Threads app has become the newest platform for cyber scammers to commit identity theft, cr...

Experts Warn that Scammers are Exploiting EU Users on Meta’s Threads Explore More

News

FirstBank of Nigeria Continues Commitment to Combating Money Laundering

Chief Executive Officer of the First Bank Group of Nigeria Limited, Dr. Adesola Adeduntan, noted ...

FirstBank of Nigeria Continues Commitment to Combating Money Laundering Explore More

News

South Africa Earmarked R265 Million to Get Off FATF’s Greylist

Finance Minister Enoch Godongwana announced on Tuesday that allocating R265 Million is one of sev...

South Africa Earmarked R265 Million to Get Off FATF’s Greylist Explore More

News

Fiat is the Top Choice of Currency for Financial Criminals, Says US Treasury

The US Treasury Department has released a three-year report on money laundering and terrorist fin...

Fiat is the Top Choice of Currency for Financial Criminals, Says US Treasury Explore More

News

Nigerian Parliament Strengthens AML/CTF Laws for Real Estate Industry

Nigerian real estate regulatory authority to mandate businesses to comply with AML/CTF compliance...

Nigerian Parliament Strengthens AML/CTF Laws for Real Estate Industry Explore More

News

A Brussel Led Crackdown to be Held in Britain if EU Demands are not Met

MEPs have ordered Brussels to black-list the city of London if it does not comply with the EU’s D...

A Brussel Led Crackdown to be Held in Britain if EU Demands are not Met Explore More

News

Bill to Combat Money Laundering Makes Its Way Through The Senate

The US House of Representatives passed the Corporate Transparency Act of 2019 (HR 2513) on Octobe...

Bill to Combat Money Laundering Makes Its Way Through The Senate Explore More

News

FirstBank of Nigeria Continues Commitment to Combating Money Laundering

Chief Executive Officer of the First Bank Group of Nigeria Limited, Dr. Adesola Adeduntan, noted ...

FirstBank of Nigeria Continues Commitment to Combating Money Laundering Explore More

News

UAE Strengthens AML Measures to Bolster Virtual Asset Framework

The UAE’s anti-money laundering and counter-terrorism financing department stated it continues bo...

UAE Strengthens AML Measures to Bolster Virtual Asset Framework Explore More

News

Real Estate Money Laundering Rises, KCB Dragged to Court for AML Breach

Real Estate development and construction company Tirupati Development Limited has dragged KCB Ban...

Real Estate Money Laundering Rises, KCB Dragged to Court for AML Breach Explore More

News

Law firm Clyde & Co. fined $635K for Breaching UK Money Laundering Laws

Global law firm Clyde & Co. was fined £500,000 ($635,613) on 11 January for multiple breaches...

Law firm Clyde & Co. fined $635K for Breaching UK Money Laundering Laws Explore More

News

Ransomware gang strikes three companies in the US and Canada

The well-known ransomware group REvil has initiated another series of attacks targeting three com...

Ransomware gang strikes three companies in the US and Canada Explore More

News

Shanghai police warn citizens to beware of online romance frauds

Shanghai police are warning people to be aware of Romantic Internet scams in which victims lose a...

Shanghai police warn citizens to beware of online romance frauds Explore More

News

ICO Warns Public Bodies Over Failure to Respond FOI Requests

ICO warned public bodies regarding Freedom of Information (FOI) requests failure. Different depar...

ICO Warns Public Bodies Over Failure to Respond FOI Requests Explore More

News

UAE Confiscates Assets Worth $354 Million to Crack Down on Money Laundering

UAE stepped up and seized $354 million worth of assets from March to mid-July 2023 in the fight a...

UAE Confiscates Assets Worth $354 Million to Crack Down on Money Laundering Explore More

News

New South Wales (NSW) Government to Make Poker Machine Reforms after Victoria Introduces Strict Anti-Money Laundering Restrictions

The New South Wales (NSW) government of Australia continues to pressure gambling companies to str...

New South Wales (NSW) Government to Make Poker Machine Reforms after Victoria Introduces Strict Anti-Money Laundering Restrictions Explore More

News

Despite KYC, Dutch Central Bank Struggles over Crypto Ownership Records

Despite the strict measures for KYC requirements, the Central Bank of the Netherlands is still mu...

Despite KYC, Dutch Central Bank Struggles over Crypto Ownership Records Explore More

News

UAE Central Bank Issues New AML/CFT Guidelines for Licensed Financial Institutions

CBUAE (Central Bank of UAE) has administered new AML/CFT guidance for Licensed Financial Institut...

UAE Central Bank Issues New AML/CFT Guidelines for Licensed Financial Institutions Explore More

News

China’s Digital Currency Could Be Launched ‘Quite Soon’

Within the next 6 to 12 months, China could launch its own digital currency which may become a ch...

China’s Digital Currency Could Be Launched ‘Quite Soon’ Explore More

News

Singapore replaces passwords and ID documents with facial recognition systems

As reported by Strait Times, Singapore plans to replace passwords and identity documents with bio...

Singapore replaces passwords and ID documents with facial recognition systems Explore More

News

The third man involved in ID theft scheme and money laundering is sentenced to jail

Minnesota man among the three criminals involved ID theft scheme and money laundering has finally...

The third man involved in ID theft scheme and money laundering is sentenced to jail Explore More

News

$8M seized, Four Arrested for Money Laundering Activities Across Sydney

The Sydney law enforcement authorities seized more than $8 million in cash and arrested four crim...

$8M seized, Four Arrested for Money Laundering Activities Across Sydney Explore More

News

Natwest Caps Transfer Limit to Binance Over Fraud Concerns

Natwest bank is scrutinizing cryptocurrency transactions, including Binance transactions, due to ...

Natwest Caps Transfer Limit to Binance Over Fraud Concerns Explore More

News

PayPal Announces Suspension of UK Crypto Purchases from October

PayPal announced a temporary ban on UK cryptocurrency purchases, demonstrating their swift compli...

PayPal Announces Suspension of UK Crypto Purchases from October Explore More

News

BC Law Society Holds Honorary Consul of Ukraine Accountable for Failure to Prevent Money Laundering

BC Law Society holds Ukraine’s Honorary Consul accountable for failing to prevent money launderin...

BC Law Society Holds Honorary Consul of Ukraine Accountable for Failure to Prevent Money Laundering Explore More

News

Ransomware Attack Exposes 5.8 Million Pharmaceutical Records of PharMerica Corporation

A breach notification was filed with the Maine Attorney General’s Office for the first time, reve...

Ransomware Attack Exposes 5.8 Million Pharmaceutical Records of PharMerica Corporation Explore More

News

AML Council to Impose Sanctions on Property Dealers for Non-compliance

The Philippines’s Anti-Money Laundering Council (AMLC) is all set to impose sanctions and fines o...

AML Council to Impose Sanctions on Property Dealers for Non-compliance Explore More

News

Uber joins lawsuits to exempt itself from California law

California law effective from today, i.e. Jan 1 is all set to give equal protection to independen...

Uber joins lawsuits to exempt itself from California law Explore More

News

Silly Season Scams to Rise as AFP Forewarns Fake Delivery Texts

The Australian Federal Police (AFP) has warned of fake delivery texts. Scammers use legitimate-lo...

Silly Season Scams to Rise as AFP Forewarns Fake Delivery Texts Explore More

News

Joint ATO Operation Busts $137m Fraud Ring

The Australian Border Force (ABF) and the Serious Financial Crime Taskforce (SFCT) have jointly i...

Joint ATO Operation Busts $137m Fraud Ring Explore More

News

New York Financial Department Releases Guidelines On Dollar-Backed Stable Coins

The New York Financial Department has released “Guidance on the Issuance of U.S. Dollar-Backed St...

New York Financial Department Releases Guidelines On Dollar-Backed Stable Coins Explore More

News

Increasing Money Laundering Fines for Banks After Lockdown

Despite the delays in enforcement activities due to lockdown, the globally issued money launderin...

Increasing Money Laundering Fines for Banks After Lockdown Explore More

News

Central Bank of Nigeria (CBN) Gives Financial Institutions 30 day Deadline to Close Accounts Without Bank Verification (BVN)

Financial institutions and banks have been given a 30 days notice period by the Central Bank of N...

Central Bank of Nigeria (CBN) Gives Financial Institutions 30 day Deadline to Close Accounts Without Bank Verification (BVN) Explore More

News

Man Arrested For Stealing Identities, Funding 1800 Online Gambling Accounts

The man suspected of stealing other’s identities to create online gambling accounts has finally b...

Man Arrested For Stealing Identities, Funding 1800 Online Gambling Accounts Explore More

News

Ukraine to Scale-up Fight Against Financial Crimes

Ukraine’s Cabinet of Ministers has approved a plan that will strengthen the measures to prevent f...

Ukraine to Scale-up Fight Against Financial Crimes Explore More

News

EBA Restricts Diamantaires from Banking Services to Curb ML/TF Risk

Financial institutions restricting diamond dealers from banking services to comply with EU’s 2015...

EBA Restricts Diamantaires from Banking Services to Curb ML/TF Risk Explore More

News

Twitter Breach – Bitcoin Scams to the Next Level

A massive attack is reported on Twitter accounts of high-profile and well-recognized brands. Hack...

Twitter Breach – Bitcoin Scams to the Next Level Explore More

News

Anti-Money Laundering Initiative in Ireland Extended to Bitcoin

Cryptocurrency buyers and sellers in Ireland, under the new anti-money laundering regime, will no...

Anti-Money Laundering Initiative in Ireland Extended to Bitcoin Explore More

News

Saudi Arabia Permits 9 FinTech Companies to Operate in Regulatory Sandbox

The Saudi Arabian Monetary Authority (SAMA) announced that it has allowed nine more FinTech firms...

Saudi Arabia Permits 9 FinTech Companies to Operate in Regulatory Sandbox Explore More

News

Money Mule Initiative Results Announced by the US Department of Justice

As a part of the Money Mule Initiative, the law enforcement depart of the USA has taken action ag...

Money Mule Initiative Results Announced by the US Department of Justice Explore More

News

Cyprus Makes Strides in Restoring its Reputation by Dealing with AML Concerns

According to the US Ambassador to Cyprus Judith Garber, Cyprus has shown progress in dealing with...

Cyprus Makes Strides in Restoring its Reputation by Dealing with AML Concerns Explore More

News

UAE: Virtual Asset Fraudsters to Face Imprisonment, Dh 1M Fine

Residents in the UAE have been advised to perform due diligence procedures prior to investing in ...

UAE: Virtual Asset Fraudsters to Face Imprisonment, Dh 1M Fine 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

Bipartisan Senators Propose Amendment of the National Defense Authorization Act to Prevent Crypto Money Laundering

Bipartisan lawmakers in the US amended the obligations of anti-money laundering and updated the N...

Bipartisan Senators Propose Amendment of the National Defense Authorization Act to Prevent Crypto Money Laundering Explore More

News

Transnational Organised Crime at Peak in Latin America through Cryptocurrencies

Transnational criminal organisations that have moved billions of dollars across Latin America are...

Transnational Organised Crime at Peak in Latin America through Cryptocurrencies Explore More

News

AUSTRAC: Loan Fraud is the Main AML/CFT threat to Non-banks

AUSTRAC report states loan scams and identity fraud as the main threat to AML/CFT compliance when...

AUSTRAC: Loan Fraud is the Main AML/CFT threat to Non-banks 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