Cyber Defense Magazine recognized Netverify® for using hybrid combination of AI, biometric facial recognition, machine learning and identity experts to detect fraud
Palo Alto, Calif. – May 3, 2018 – Jumio, the leading AI-powered trusted identity as a service provider, today announced its Netverify® solution was named Best Product in Biometrics and Hot Company in Fraud Prevention by the 2018 InfoSec Awards. Jumio’s Netverify® solution was recognized for empowering companies to verify that an individual’s real-world identity matches their digital identity, and to detect and deter online fraud while providing a simple customer experience.
The InfoSec Awards, created by Cyber Defense Magazine, is an annual review of the most innovative, market leading, next-generation and cutting-edge INFOSEC companies offering incredible products and services. The winners were announced during this year’s RSA conference.
“We are honored to be recognized as Best Product in Biometrics and a Hot Company in Fraud Protection by Cyber Defense Magazine,” said Stephen Stuut, CEO of Jumio. “As online fraud solutions become more advanced, so do the fraudsters. Our digital identity verification solutions hold a unique key to fraud prevention because it requires users to take a “selfie” in the verification process, and most criminals have no desire to provide photographic proof of their crime. We are constantly investing in new technologies, such as advanced biometrics, machine-learning and augmented AI, to ensure that we continue to innovate ahead of the fraud-curve.”
This recognition comes on the heels of momentous business growth. Recently, Jumio surpassed previous records to verify more than 120 million identities using the Netverify solution. The company also increased annual recurring revenue by 96 percent in 2017 over 2016.
“Cybercrime, Hactivism, Cyberespionage, Ransomware and malware exploits are all on the rise, Jumio has won the awards for both Best Product for Biometrics and Hot Company for Fraud Prevention from our magazine. They won after we reviewed nearly 3,000 infosec companies, globally, because they are an innovator on a mission to help stop breaches and get one step ahead of the next threat, proactively,” said Gary S. Miliefsky, Publisher, Cyber Defense Magazine.
For more information on the InfoSec awards, please visit http://www.cyberdefensemagazine.com/infosec-awards-2018-submission/, follow the buzz on Twitter @cyberdefensemag, hashtag #INFOSEC or check out LinkedIn for the latest updates https://www.linkedin.com/company/cyber-defense-magazine/. For more information on Jumio’s Netverify solution, please visit https://www.jumio.com/trusted-identity/netverify/.
When identity matters, trust Jumio. Jumio is the creator of Netverify® which enables businesses to increase customer conversions while providing a seamless customer experience and reducing fraud. By combining the three core solutions of ID Verification, Identity Verification and Document Verification, gaming operators now have a complete solution that allows them to establish the real-world identity of the consumer.
Leveraging advanced technology including biometric facial recognition, machine learning, artificial intelligence and human review, Jumio helps customers to meet regulatory compliance including KYC, AML and GDPR and tie the digital identity to the physical world. Jumio has verified more than 120 million identities issued by over 200 countries from real time web and mobile transactions. Jumio’s solutions are used by leading companies in the online gaming, financial services, sharing economy, cryptocurrency, higher education, retail, and travel sectors.
Based in Palo Alto, Jumio operates globally with offices in the US, Europe, and Asia Pacific and has been the recipient of numerous awards for innovation. For more information, please visit www.jumio.com.
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