AuthenticID, a global leader in identity proofing and fraud prevention solutions, has been named a winner of the 2024 Fortress Cybersecurity Awards in the Authentication & Identity category. The Fortress Cyber Security Awards are given annually by the Business Intelligence Group to identify and reward the world’s leading companies and products that keep data and electronic assets safe from growing threats from fraud, data breaches, and hacks.
“We are honored to be among the winners of the 2024 Fortress Cybersecurity Awards,” said Reed Taussig, AuthenticID, CEO. “Our commitment to combatting fraud worldwide while protecting valuable data assets has earned the trust of leading organizations across industries. I’m proud of our team’s work to drive identity verification technology forward and set new benchmarks for security and customer experience.”
“In today’s digital age, cybersecurity is no longer optional – it’s essential,” said Maria Jimenez, Chief Nominations Officer at the Business Intelligence Group. “We are proud to recognize AuthenticID for their innovative solutions and unwavering commitment to protecting our data and infrastructure from ever evolving cyber threats.”
AuthenticID is committed to upholding strong information security policies and data privacy practices throughout all aspects of its business operations and has completed data security and risk management certifications to attest to this commitment.
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AuthenticID offers a solution that relies 100% on automated machine learning and computer vision technology. In an ever-changing digital landscape, AuthenticID is establishing the benchmark for securing digital identities.
This holistic Identity proofing solution suite combines three elements to prevent fraud.
(1) AuthenticID’s ID verification product utilizes AI-based technology to run over 500 forensic checks to analyze the authenticity of a government-issued ID and detect tampering.
(2) Our Biometric Authentication product confirms a person’s identity using facial recognition software and can detect liveness and match a selfie image to an existing ID document to determine if a person is who they claim to be.
(3) Our Fraud Shield solution serves as a biometric watch list that allows users to enroll suspected fraudsters into a database to fight fraud in real-time.
AuthenticID‘s innovative approach combats emerging fraud threats like generative AI, deep fakes, and synthetic identity fraud, detecting over 927,000 fraudulent IDs in 2023 alone. Continuous innovation ensures customers can fight evolving fraud techniques, with upcoming releases including deepfake detection and rapid decisioning capabilities to transform identity verification for businesses. AuthenticID’s relentless pursuit of innovation in identity verification and fraud detection sets a standard in today’s digital landscape.
SOURCE: Businesswire