AU10TIX Prevents an Estimated $7.5 Billion of Identity Fraud in 2024
AU10TIX, a global identity verification leader, reported preventing an estimated $7.5 billion in fraud during 2024, bringing the total to approximately $24 billion since 2021. Notably, 75% of prevented fraud was related to synthetic AI-generated threats.
The company expanded its product portfolio with several key innovations including: a Know Your Business (KYB) solution, Digital ID Verification Hub, Risk Assessment Model, Anti-Money Laundering (AML) solution, and Workflow Flexibility powered by Orchestration Engine. AU10TIX also established a new office in Bengaluru, India, strengthening its global presence.
The company's solutions provided fraud protection across various sectors including payments, cryptocurrency and trading, shared economy, and social media.
AU10TIX, leader globale nella verifica dell'identità, ha riportato di aver prevenuto un stima di 7,5 miliardi di dollari in frodi durante il 2024, portando il totale a circa 24 miliardi di dollari dal 2021. È importante notare che il 75% delle frodi prevenute era legato a minacce generative sintetiche basate su IA.
L'azienda ha ampliato il proprio portafoglio prodotti con diverse innovazioni chiave tra cui: una soluzione Know Your Business (KYB), il Digital ID Verification Hub, il Modello di Valutazione del Rischio, una soluzione Anti-Money Laundering (AML) e la Flessibilità del Workflow supportata dall'Orchestration Engine. AU10TIX ha anche aperto un nuovo ufficio a Bengaluru, India, rafforzando la propria presenza globale.
Le soluzioni dell'azienda hanno fornito protezione dalle frodi in vari settori tra cui pagamenti, criptovalute e trading, economia condivisa e social media.
AU10TIX, líder global en verificación de identidad, reportó haber prevenido un estimado de 7.5 mil millones de dólares en fraude durante 2024, llevando el total a aproximadamente 24 mil millones desde 2021. Notablemente, el 75% del fraude prevenido estaba relacionado con amenazas generadas por IA sintética.
La compañía amplió su cartera de productos con varias innovaciones clave, incluyendo: una solución Know Your Business (KYB), el Digital ID Verification Hub, el Modelo de Evaluación de Riesgos, una solución Anti-Money Laundering (AML) y Flexibilidad de Flujo de Trabajo impulsada por el Orchestration Engine. AU10TIX también estableció una nueva oficina en Bengaluru, India, fortaleciendo su presencia global.
Las soluciones de la empresa proporcionaron protección contra el fraude en varios sectores, incluyendo pagos, criptomonedas y trading, economía compartida y redes sociales.
AU10TIX는 글로벌 신원 확인 리더로서 2024년에 약 75억 달러의 사기를 예방했다고 보고했으며, 2021년 이후 총 약 240억 달러에 달하고 있습니다. 특히 예방된 사기의 75%는 합성 AI 생성 위협과 관련이 있었습니다.
이 회사는 Know Your Business (KYB) 솔루션, 디지털 ID 검증 허브, 위험 평가 모델, 자금 세탁 방지(AML) 솔루션, 오케스트레이션 엔진 기반의 작업 흐름 유연성 등 여러 주요 혁신으로 제품 포트폴리오를 확장했습니다. AU10TIX는 또한 인도 방갈로르에 새로운 사무소를 설립하여 전 세계적인 입지를 강화했습니다.
회사의 솔루션은 결제, 암호화폐 및 거래, 공유 경제, 소셜 미디어 등 다양한 분야에서 사기 보호를 제공했습니다.
AU10TIX, leader mondial de la vérification d'identité, a rapporté avoir empêché un montant estimé de 7,5 milliards de dollars en fraudes en 2024, portant le total à environ 24 milliards de dollars depuis 2021. Notamment, 75% des fraudes empêchées étaient liées à des menaces générées par l'IA synthétique.
L'entreprise a élargi son portefeuille de produits avec plusieurs innovations clés, notamment : une solution Know Your Business (KYB), le Digital ID Verification Hub, un Modèle d'Évaluation des Risques, une solution Anti-Money Laundering (AML) et la Flexibilité du Flux de Travail alimentée par un Orchestration Engine. AU10TIX a également ouvert un nouveau bureau à Bengaluru, Inde, renforçant ainsi sa présence mondiale.
Les solutions de l'entreprise ont fourni une protection contre la fraude dans divers secteurs, y compris les paiements, les cryptomonnaies et le trading, l'économie collaborative et les réseaux sociaux.
AU10TIX, ein globaler Marktführer in der Identitätsüberprüfung, berichtete, dass im Jahr 2024 geschätzt 7,5 Milliarden Dollar an Betrug verhindert wurden, was die Gesamtsumme seit 2021 auf etwa 24 Milliarden Dollar erhöht. Bemerkenswerterweise war 75% des verhinderten Betrugs mit synthetischen, KI-generierten Bedrohungen verbunden.
Das Unternehmen erweiterte sein Produktportfolio mit mehreren Schlüsselinnovationen, darunter: eine Know Your Business (KYB)-Lösung, das Digital ID Verification Hub, ein Risikobewertungsmodell, eine Anti-Geldwäsche-Lösung (AML) sowie Workflow-Flexibilität, die durch die Orchestration Engine unterstützt wird. AU10TIX eröffnete auch ein neues Büro in Bengaluru, Indien, und stärkte damit seine globale Präsenz.
Die Lösungen des Unternehmens boten Betrugsschutz in verschiedenen Sektoren, einschließlich Zahlungen, Kryptowährung und Handel, Share Economy und sozialen Medien.
- Prevented $7.5 billion in fraud during 2024
- Expanded product portfolio with 5 new solutions
- Geographical expansion with new office in India
- Strong presence across multiple critical sectors
- 75% of fraud threats were AI-generated, indicating increased sophistication of cyber risks
ID Verification Leader Marks Successful Year of Global Expansion, Key Innovations and New India Presence
Synthetic AI-generated fraud accounted for
In 2024, AU10TIX expanded its product portfolio with several key innovations:
- Know Your Business (KYB) solution: This comprehensive solution integrates seamlessly with existing KYC processes to enhance business verification.
- Digital ID Verification Hub: This one-stop platform for secure and scalable identity verification features enhanced support for digital ID types.
- Risk Assessment Model: AU10TIX introduced this free, data-driven tool to help organizations identify vulnerabilities and improve their fraud prevention strategies.
- Anti-Money Laundering (AML) solution: This advanced AML solution is tailored to meet compliance standards while reducing risk.
- Workflow Flexibility Powered by Orchestration Engine:Enables seamless tailoring to clients' unique business needs, ensuring frictionless identity verification processes with fallback to document-based IDV when necessary.
The company also strengthened its global presence through the establishment of its Bengaluru office in
"These achievements reflect our ongoing commitment to innovation and excellence in identity verification," said Dan Yerushalmi, CEO of AU10TIX. "Our continued growth and expansion, particularly in developing innovative solutions and building our global team, positions us strongly to address evolving fraud challenges across industries."
AU10TIX continues to refine its comprehensive suite of solutions, including advanced identity verification tools, fraud prevention systems, and innovative risk assessment models. The company's expansion in
About AU10TIX
AU10TIX plays a pivotal role in establishing trust between individuals/companies and digital systems. Founded in 2002, it is the global leader in identity verification and management, protecting the world's largest brands against advanced fraud. The company's future-proof product portfolio helps businesses provide frictionless customer onboarding and verification in 4-8 seconds while staying ahead of emerging threats and evolving regulatory requirements. AU10TIX offers the world's only
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SOURCE AU10TIX
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