Heaptalk, Jakarta — Digital identity fraud prevention platform VIDA released VIDA Identity Stack to tackle the growing threats of digital fraud, particularly those targeting online transactions in Indonesia.
In recent years, threats such as deep fakes, AI-driven fraud, account takeovers, and social engineering attacks have surged by 1,550%. Moreover, the National Cyber and Encryption Agency (BSSN) data recorded hundreds of millions of cyberattacks on Indonesia annually.
“In 2023, we observed about 209 million cyberattacks, a 24% increase from the previous year. Between 2017 and 2024, we received around 572,000 complaints about online fraud, the most common being online sales scams and fake online investments,” Indonesia’s Vice Minister of Communication and Informatics, Nezar Patria, said.
He further emphasized the significance of certified electronics. According to him, this scheme offers a solution to the identity assurance and integrity challenges of electronic documents in digital transactions.
Through its firm digital security, VIDA Identity Stack addresses two significant concerns: financial losses and the erosion of trust in digital systems. With the introduction of its identity stack, the company aims to secure businesses by preventing digital identity fraud up to 99.9% in the archipelago.
“The risks posed by deepfakes and AI-driven fraud are real, with several businesses losing billions due to these attacks. We will keep businesses safe and ensure seamless user experiences,” Founder and CEO of VIDA Group, Niki Luhur, affirmed.
Several critical features of VIDA Identity Stack, including:
Identity Verification
- Document liveness: verifies the authenticity of uploaded documents during online onboarding
- Face liveness: prevents fraud by detecting fake images and videos
- Income verification: provides accurate income data verification using advanced AI technology
User Authentication
- PhoneToken: links accounts to users’ mobile phones, ensuring transactions can only be completed on the user’s device.
- FaceToken: replaces SMS verification with facial recognition for enhanced security and user-friendliness.
Fraud Detection
- Fraud scanner: utilizes advanced AI and machine learning to detect fraudulent activity
- Deepfake detector: identifies and blocks deep fake content
- Deepfake shield: prevents scammers from hacking device cameras and offers real-time defense against deep counterfeit attacks.
In addition to releasing Identity Stack, this company introduced new solutions for its VIDA Sign platform, covering Sign OpenAPI. With a 99.9% fraud prevention guarantee, this solution enables highly secure document signing and processing, integrating seamlessly with existing systems used by service providers or businesses. VIDA Sign OpenAPI is Indonesia’s most secure signing platform, built on the VIDA Identity Stack.