Jumio Wins Startup of the Year in CyberDefense 2018 Awards
Cyber Defense 2018 Global Awards honors Jumio and its Netverify® solution for helping organizations address identity verification with its innovative biometrics solution
Palo Alto, Calif. – Oct. 3, 2018 – Jumio, the leading AI-powered trusted identity as a service provider, today announced it was selected as a winner in two categories by the Cyber Defense 2018 Global Awards, Cyber Defense Magazine’s award program recognizing cyber defense and information security innovators. Jumio was named the Next Gen InfoSec Startup of the Year and the company’s Netverify solution was named the winner in the Best Product Biometrics category.
Jumio performs close to 300,000 ID verifications per day and has already verified more than 130 million transactions globally to date. In the burgeoning biometrics and digital verification industries, Jumio is uniquely positioned to help organizations safeguard their ecosystems against fraud and bad actors. By leveraging advanced technology—including biometric facial recognition, machine learning, artificial intelligence and human review—Jumio helps customers across various verticals re-establish trust online and meet regulatory compliance including Know Your Customer (KYC), Anti-Money Laundering (AML) and General Data Protection Regulation (GDPR) without sacrificing user experience.
With ID Verification, Jumio verifies that ID documents (e.g., driver’s licenses, passports and ID cards) issued by more than 200 countries and territories are authentic and have not been doctored, all in a matter of seconds. Netverify’s Identity Verification includes liveness detection to confirm the person possessing the ID is the same person shown in the ID photo. Together, these solutions have helped Jumio become the global leader in the fast growing Jumio digital identity verification market.
“The InfoSec landscape is rapidly changing and evolving, and this award speaks to Jumio’s ability to quickly adapt its technology to meet the needs of the industry,” said Stephen Stuut, CEO of Jumio. “Unfortunately, SMS-based two-factor authentication has proven vulnerable to man-in-the-middle hacks and large-scale data breaches and large-scale data breaches have exposed knowledge-based authentication to be ineffective since many of the answers to the challenge questions are available on the dark web. That’s why we look forward to innovating in a space that needs a secure, reliable and customer-friendly approach to online identity verification.”
This is Cyber Defense Magazine’s sixth year of honoring cyber defense and information security innovators. The judges are CISSP, FMDHS, CEH and certified security professionals who voted based on their independent review of the company-submitted materials on the website of each submission including but not limited to data sheets, white papers, product literature and other market variables.
“Cyber Defense Magazine spent six months searching the globe to find the most innovative and cutting edge cybersecurity companies for our Cyber Defense 2018 Global Awards,” said Gary S. Miliefsky, Publisher, Cyber Defense Magazine. “Jumio won these awards Next Gen InfoSec Startup of the Year for Best Product Biometrics because it is an innovator on a mission to help stop breaches and get one step ahead of the next threat, proactively.”
This has been a momentous year for Jumio, as the company and its Netverify solution have won 18 industry awards in the past year, including the CyberSecurity Breakthrough Awards, Golden Bridge Awards, 2018 SC Awards, 14th Annual Info Security Product Guide’s 2018 Global Excellence Awards®, 2018 Cybersecurity Excellence Awards, Cyber Defense Magazine’s 2018 Infosec Awards, the 13th Annual 2018 IT World Awards® and the UK Digital Awards 2018.
To learn more about Jumio, please visit: www.jumio.com/.
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, organizations 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 130 million identities issued by over 200 countries from real time web and mobile transactions. Jumio’s solutions are used by leading companies in the financial services, sharing economy, online gaming, cryptocurrency, higher education, retail and travel sectors.
Based in Palo Alto, Jumio operates globally with offices in the U.S., Europe and Asia Pacific and has been the recipient of numerous awards for innovation. For more information, please visit www.jumio.com.
About Cyber Defense Magazine
With over 1.2 million annual readers and growing, Cyber Defense Magazine is the premier source of IT Security information. We are managed and published by and for ethical, honest, passionate information security professionals. Our mission is to share cutting-edge knowledge, real-world stories and awards on the best ideas, products and services in the information technology industry. We deliver electronic magazines every month online for free, and limited print editions exclusively for the RSA conferences for our USA editions and our Global editions at the IPEXPO Europe and to our paid print-edition subscribers. CDM is a proud member of the Cyber Defense Media Group. Learn more about us at http://www.cyberdefensemagazine.com