Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Veriff Report: One in 20 Online Identity Verification Attempts in Financial Services is Fraudulent

New York, June 24, 2025 (GLOBE NEWSWIRE) -- Online identity verification fraud in financial services is growing hand-in-hand with the increasing sophistication of AI-powered tools. Not only has there been a 21% rise in online identity fraud year-over-year (one in 20 verification attempts are now fraudulent), but it’s also getting personal: over the last year, more than one-third of U.S. consumers have experienced some kind of non-refundable financial loss from fraud.

These are just a few of the findings from Veriff’s annual report titled “The Future of Finance.” By combining the company’s own in-house data (included in the Veriff Identity Fraud Report) with front-line perspectives (including both fraud professionals via the company’s U.S. Fraud Industry Pulse Survey, as well as consumers via its Fraud Index), “The Future of Finance” reveals key insights into the current state of affairs and suggests future directions.

“Various bodies of industry research universally point to a skyrocketing increase in deepfake incidents across categories, including fraud,” says Ira Bondar, Senior Fraud Group Manager at Veriff. “In the first quarter of 2025 alone, for instance, the number of reported deepfake fraud incidents nearly matched the total from 2024. Deepfakes are an insidious threat, and we are now officially in an age when it’s becoming nearly impossible for the naked eye to distinguish what’s real from what’s not, creating great peril for both financial services firms and consumers.”

Among the findings in the “Future of Finance”:

  • 82% of consumers will not sign up on a financial services platform if they are not confident in the organization’s fraud defenses; and 38% of consumers picked biometrics as their #1 choice to protect their interactions, with facial recognition being the most popular biometric option; 
  • Over 60% of firms reported an increase in the use of AI in attacks. On the other hand, cybersecurity professionals also see the potential it offers to strengthen their defenses, with almost two-thirds of U.S. respondents (64%) already using AI/machine learning in fraud prevention, and another 20% planning to do so in the next 12 months; and 
  • 89% of senior fraud decision-makers in financial services expect to see more fraud in 2025, driven mainly by AI.

“Our report collates a wide variety of research to present a clear picture of how financial services organizations - from traditional banks, to agile neobanks and fast-growing cryptocurrency, fintech and payments platforms - should consider approaching the daunting challenges of the coming years,” continues Bondar. “Identity verification, biometrics, and AI hold the keys to financial services firms keeping their customers satisfied and highly secure, while also meeting compliance requirements.”

To access the full report, visit here.

About Veriff

Veriff is a global identity verification platform helping businesses build trust online. Our AI-native technology combines automation and human expertise to quickly and accurately verify users worldwide with minimal friction. Trusted by leading companies like Blockchain, Bolt, Deel, Monzo, Starship, Trustpilot, and Webull across finance, marketplaces, mobility, gaming, and other industries. Our trust infrastructure helps businesses stay compliant, prevent fraud, protect users, and scale globally, enabling a safer, more transparent internet for everyone.


Veriff
press@veriff.com
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.