There is no mystery as to why identity verification and biometric security tools are seeing validation as worthwhile investments. According to a 2024 report, significant threat gains in data theft, cloud breaches, and malware-free attacks show that despite advancements in detection technology, adversaries continue to adapt.
The report says that speed and stealth are key factors enabling fraudsters and other digital criminals, noting a record cybercrime breakout time for 2024. It anticipates an imminent cyber arms race where AI will amplify the impact for both the security professional and the adversary.
