Ping Identity buys Singular Key to integrate identity services
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Ping Identity snaps up end-to-end security company Singular Key
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Applying artificial intelligence to pinpoint unusual benefits applications; Improving fraud-fighting cooperation between the public and private sectors. “Government needs to invest in the right platforms that give them agility to respond to changing fraud tactics,” says Jatin Maniar, CEO at Singular Key, an identity verification company. “It is important to make sure that there is a unified platform approach to reduce the cost of integration, which also has the ability to add new technologies dynamically to respond to constantly shifting fraud tactics and attack vectors.” Stimulus Fraud In 2020, the CARES Act provided $2.2 trillion for COVID-19 relief programs and benefits, including small-business loans and unemployment compensation enhancement, to millions of Americans. But there were reports that fraudsters inappropriately obtained billions of dollars worth of benefits.