AU10TIX RECOGNIZED WITH SILVER GLOBEE® AWARD AS PART OF THE CYBER SECURITY GLOBAL EXCELLENCE AWARDS® 2022
TEL AVIV, Israel, March 3, 2022 /PRNewswire/ — AU10TIX, a leading global provider of fully automated identity verification technology, today announced that the Globee® Awards, organizers of the world’s leading awards programs and corporate rankings, have awarded AU10TIX Silver for Security Artificial Intelligence Company of the Year in the 2022 Cyber Security Global Excellence Awards®.
“We are honored by the recognition of the Globee Awards as Company of the Year, which further validates our commitment to our partners and their security needs,” said Carey O’Connor Kolaja, CEO of AU10TIX. “Digital identity fraud has become very global, highly organized and interconnected. Businesses need real-time identity verification more than ever and AU10TIX is committed to enabling businesses to deliver more secure services , promote trust and seamlessly secure everyday access to life, work and play.”
Fighting fraud in the global digital economy has become more complex and essential to enable a thriving ecosystem since the pandemic. To combat growing synthetic fraud, AU10TIX used INSTINCT, its anonymous platform designed to unify the business community. The platform is built around global identity signals that can combat synthetic identity fraud by detecting criminal attempts to create multiple accounts using fraudulent credentials that have already penetrated the system. from the service provider.
In the first eight months of 2021 alone, the AU10TIX INSTINCT platform has helped prevent over $700 million in fraud-related losses. Overall, for 2021, AU10TIX saw an 11% increase in identity fraud detection, helping businesses prevent $4.3 billion fraud-related losses during the year.
Fueled by the immediate need for businesses to detect fraud by verifying that their customers and users are who they say they are in seconds, AU10TIX also increased the number of verified identities by approximately 124% in 2021 compared to the same period in 2020. .
These prestigious global awards recognize cybersecurity and information technology vendors with advanced and game-changing products, solutions and services that help raise the bar for others in all areas of security and technology. Over 55 judges from around the world representing a wide range of industry experts participated in the judging process.
About Globee Awards
The Globee Awards are given in ten programs and competitions: American Best in Business Awards, Business and Communications Excellence Awards, CEO World Awards®, Cyber Security Global Excellence Awards®, Disruptor Company Awards, Golden Bridge Awards®, Information Technology World Awards ®, International Best in Business Awards, Sales, Marketing, & Service Excellence Awards and Women World Awards®. Learn more about the Globee Awards at https://globeeawards.com
AU10TIX, an identity management company headquartered in Israel, is on a mission to eliminate fraud and promote a safer and more inclusive world. The company provides essential modular solutions for verifying and linking physical and digital identities so businesses and their customers can connect with confidence. Over the past decade, AU10TIX has become the preferred partner of leading global brands for customer onboarding and customer verification automation, and continues to work at the forefront of the future for the role of identity in society. AU10TIX’s proprietary technology delivers results in less than 8 seconds, enabling businesses to onboard customers faster while preventing fraud, meeting compliance mandates, and most importantly, fostering trust and security. AU10TIX is a subsidiary of ICTS International NV (OTCQB: ICTSF).
For more information, visit: https://www.au10tix.com
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