JUMIO


Associated tags: Fraud, AML, Automation, KYC, Internet, Security, Software, Data Management, Cryptocurrency, Jumio, AI, Machine learning, Go to market, Risk assessment, GDPR, Artificial Intelligence, Online shopping

Locations: CENTRAL AMERICA, ASIA, UK, TURKEY, MEXICO, NEVADA, ITALY, MOROCCO, SISAL, UNITED STATES, NORTH AMERICA, CALIFORNIA, IRELAND, SINGAPORE, UNITED KINGDOM, CANADA, ASIA PACIFIC, EUROPE

Global Survey Shows 72% of Consumers Worry About Being Fooled by Deepfakes on Daily Basis

Retrieved on: 
Tuesday, May 14, 2024

This year’s results highlight significant concerns among consumers about the risks associated with generative AI and deepfakes, including the potential for increased cybercrime and identity fraud.

Key Points: 
  • This year’s results highlight significant concerns among consumers about the risks associated with generative AI and deepfakes, including the potential for increased cybercrime and identity fraud.
  • View the full release here: https://www.businesswire.com/news/home/20240514977020/en/
    The study examined the views of more than 8,000 adult consumers, split evenly across the United Kingdom, United States, Singapore and Mexico.
  • The results suggest nearly three-quarters of consumers (72%) worry on a day-to-day basis about being fooled by a deepfake into handing over sensitive information or money.
  • Regardless of whether they’ve been a victim of fraud or identity theft, most consumers worry daily about falling victim to data breaches (79%) and account takeover attacks (77%).

Global Survey Shows 72% of Consumers Worry About Being Fooled by Deepfakes on Daily Basis

Retrieved on: 
Tuesday, May 14, 2024

This year’s results highlight significant concerns among consumers about the risks associated with generative AI and deepfakes, including the potential for increased cybercrime and identity fraud.

Key Points: 
  • This year’s results highlight significant concerns among consumers about the risks associated with generative AI and deepfakes, including the potential for increased cybercrime and identity fraud.
  • The results suggest nearly three-quarters of consumers (72%) worry on a day-to-day basis about being fooled by a deepfake into handing over sensitive information or money.
  • Only 15% of global consumers — and only 7% in Singapore — said they’ve never encountered a deepfake video, audio or image before.
  • Regardless of whether they’ve been a victim of fraud or identity theft, most consumers worry daily about falling victim to data breaches (79%) and account takeover attacks (77%).

Jumio Named Identity Verification Market Leader in 12th Annual Global InfoSec Awards

Retrieved on: 
Monday, May 6, 2024

Jumio, the leading provider of automated, AI-driven identity verification, risk signals and compliance solutions, today announced its recognition as the market leader for identity verification by Cyber Defense Magazine as part of the 12th annual Global InfoSec Awards.

Key Points: 
  • Jumio, the leading provider of automated, AI-driven identity verification, risk signals and compliance solutions, today announced its recognition as the market leader for identity verification by Cyber Defense Magazine as part of the 12th annual Global InfoSec Awards.
  • View the full release here: https://www.businesswire.com/news/home/20240506605930/en/
    Jumio Wins the Identity Verification Market Leader Category in the 12th Annual Global InfoSec Awards (Graphic: Business Wire)
    Jumio Identity Verification solutions use artificial intelligence, machine learning and biometrics to automate the verification process and help companies improve conversion rates, comply with AML and KYC regulations and better detect fraud — all while delivering a definitive, risk-based answer in seconds.
  • Jumio pioneered the ID + selfie approach to identity verification and provides unmatched global coverage, supporting over 5,000 ID types across more than 200 countries and territories.
  • “Jumio provides organizations with the intelligence they need to identify legitimate users and build a strong line of defense against fraud.

AI-Powered Jumio Platform Wins Gold for Identity Proofing and Corroboration in the 2024 Globee Awards for Cybersecurity

Retrieved on: 
Thursday, March 14, 2024

Jumio, the leading provider of automated, AI-driven identity verification, risk assessment and compliance solutions, today announced that it was named a gold winner for identity proofing and corroboration in the 2024 Globee Awards for Cybersecurity .

Key Points: 
  • Jumio, the leading provider of automated, AI-driven identity verification, risk assessment and compliance solutions, today announced that it was named a gold winner for identity proofing and corroboration in the 2024 Globee Awards for Cybersecurity .
  • With key capabilities including enabling a secure customer onboarding process, reducing fraud-related costs and enhancing regulatory compliance, the platform pioneers a new era of identity proofing and corroboration.
  • “The Jumio platform has become a critical tool for organizations, enabling them to accurately verify users and fortify their defenses against fraudulent transactions.
  • The Globee Awards for Cybersecurity recognize cybersecurity companies and professionals for their innovative approaches and effective solutions in ensuring security in the digital age.

Jumio Announces Igor Beckerman as Chief Financial Officer

Retrieved on: 
Tuesday, February 20, 2024

Jumio , the leading provider of automated, end-to-end identity verification, risk assessment and compliance solutions, today announced the addition of Igor Beckerman as chief financial officer.

Key Points: 
  • Jumio , the leading provider of automated, end-to-end identity verification, risk assessment and compliance solutions, today announced the addition of Igor Beckerman as chief financial officer.
  • Beckerman’s appointment comes at a pivotal time for Jumio, as its market-leading, AI-powered solutions are reaching record-breaking automation and quality rates.
  • “The identity landscape is facing a seismic upheaval, and Igor joining our team of innovators is just another step we’re taking to ensure Jumio remains the clear leader in this space,” said Jumio CEO Robert Prigge.
  • “I’m thrilled to join Jumio at such an integral moment in the company’s evolution and look forward to helping make 2024 the company’s best year yet,” Beckerman said.

Kaizen Gaming Bets on Jumio for Winning Customer Experience

Retrieved on: 
Tuesday, February 6, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240205018204/en/
    Jumio has partnered with Kaizen Gaming to streamline its verification processes.
  • “Jumio and Kaizen Gaming have partnered while our company’s expansion project is taking place, and the KYT volumes are rapidly growing,” said Georgios Alexandros Balafoutis, Kaizen Gaming’s Senior Product Manager of Customer Account and Services.
  • Jumio’s industry-leading identity verification solutions are tailor-made for gaming, helping operators like Kaizen Gaming simplify the registration experience, detect online fraud, fight account takeover and meet compliance mandates.
  • “We’re very proud to partner with Kaizen Gaming to help them offer a more streamlined, safe and automated KYC and KYT experience to their global customer base,” said Emeka Ezeyi, Jumio’s Global Head of Gaming.

Jumio KYX Platform Awarded Best Fraud Prevention Solution in 2023 Tech Ascension Awards

Retrieved on: 
Wednesday, October 25, 2023

Jumio , the leading provider of automated, end-to-end identity verification, risk assessment and compliance solutions, today announced its recognition as the “Best Fraud Prevention Solution” by the 2023 Tech Ascension Awards .

Key Points: 
  • Jumio , the leading provider of automated, end-to-end identity verification, risk assessment and compliance solutions, today announced its recognition as the “Best Fraud Prevention Solution” by the 2023 Tech Ascension Awards .
  • Jumio was honored for its KYX Platform , which enables leading organizations to accurately establish, maintain and reassert customer trust from account opening to ongoing monitoring.
  • The Jumio KYX Platform combines the power of AI, biometrics, machine learning, liveness detection and automation to help organizations fight fraud and financial crime, onboard good customers faster and meet regulatory compliance mandates.
  • “This win further validates Jumio's commitment to putting an end to global fraud and building a more trustworthy digital world.”
    The Tech Ascension Awards recognize the very best innovations in financial technology.

Jumio Disrupts Identity Verification Market with Groundbreaking New Fraud Prevention Technology that Leverages Cross-enterprise Data

Retrieved on: 
Monday, October 23, 2023

A single organized crime operation or fraud ring can cause damage into the hundreds of millions of dollars.

Key Points: 
  • A single organized crime operation or fraud ring can cause damage into the hundreds of millions of dollars.
  • Jumio 360° Fraud Analytics tackles this problem with a whole new approach to stopping fraud.
  • Using graph database technology with a layer of machine learning, it groups identity transactions into clusters across the network and determines the fraud risk of each cluster.
  • “Jumio revolutionized online identity verification when it pioneered the ID + selfie approach,” said Robert Prigge, Jumio CEO.

Jumio Scales AI-Powered Digital Trust Solutions through NextWealth Partnership

Retrieved on: 
Monday, October 9, 2023

Jumio , the leading provider of automated, end-to-end identity verification, risk assessment and compliance solutions, today announced the expansion of its strategic partnership with NextWealth, a leading pure play data services provider.

Key Points: 
  • Jumio , the leading provider of automated, end-to-end identity verification, risk assessment and compliance solutions, today announced the expansion of its strategic partnership with NextWealth, a leading pure play data services provider.
  • With this enhanced partnership, NextWealth will provide ongoing identity verification services for Jumio, allowing Jumio to continue expanding upon its innovation.
  • The partnership between NextWealth and Jumio will further cement our position as one of the largest pure play, AI/ML-driven data services players in the country,’’ said Mythily Ramesh, NextWealth CEO.
  • “NextWealth’s portfolio of digital solutions and service offerings will provide Jumio international level quality, with the flexibility to manage business fluctuations in a secure business ecosystem.

Jumio Named a Representative Vendor in Fifth Consecutive Gartner® Market Guide for Identity Verification

Retrieved on: 
Thursday, September 21, 2023

Jumio , the leading provider of automated, end-to-end identity verification, risk assessment and compliance solutions, has been recognized as a Representative Vendor for the fifth consecutive time in the latest Gartner Market Guide for Identity Verification,1 published on September 7, 2023.

Key Points: 
  • Jumio , the leading provider of automated, end-to-end identity verification, risk assessment and compliance solutions, has been recognized as a Representative Vendor for the fifth consecutive time in the latest Gartner Market Guide for Identity Verification,1 published on September 7, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230921997750/en/
    Jumio was named as a Representative Vendor among other identity verification vendors.
  • Jumio was also recently recognized as a Representative Vendor in the 2023 Gartner Market Guide for User Authentication, published on August 23, 2023.
  • Note: The report title was changed from Market Guide for Identity Proofing and Corroboration to Market Guide for Identity Proofing and Affirmation in 2020 and changed to Market Guide for Identity Verification in 2023.