CORRECTING and REPLACING Mitek Teams Up With Equifax to Take on Emerging Digital Fraud Threats and Protect Online Consumers and Businesses
25 September 2023 - 9:30PM
Business Wire
Please replace the release dated September 21, 2023, with the
following corrected version due to a new headline, removal of the
subheadline and multiple revisions in the text.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230921731606/en/
Headline of release should read: Mitek Teams Up With Equifax to
Take on Emerging Digital Fraud Threats and Protect Online Consumers
and Businesses (instead of Equifax and Mitek Join Forces to Protect
Consumers Online).
The updated release reads:
MITEK TEAMS UP WITH EQUIFAX TO TAKE ON EMERGING DIGITAL FRAUD
THREATS AND PROTECT ONLINE CONSUMERS AND BUSINESSES
Mitek Systems, Inc. (MITK), a global leader in making digital
access faster and more secure, announced that it is partnering with
Equifax Inc. (EFX), a global data, analytics, and technology
company, to further advance biometric identity verification and
liveness detection offerings that better protect consumers and
businesses from emerging fraud threats.
In February 2023, the Federal Trade Commission (FTC) released
data showing that in 2022, there were more than 1.1 million reports
of identity theft received through the FTC’s IdentityTheft.gov
website. The same year, losses due to fraud cost Americans $8.8
billion, an increase of more than 30 percent over the previous
year. Additionally, credit card fraud is proven to be the top form
of identity fraud with more than 400,000 reports in the past year.
The National Council on Identity Theft Protection shows these
statistics are continuing to rise as criminals adopt ever-more
sophisticated methods.
Equifax will leverage Mitek’s artificial intelligence-powered
biometric identity verification and liveness detection capabilities
to continue enhancements within its robust solution offering. This
approach is designed to detect complex identity risks throughout
the entire customer lifecycle, from onboarding to portfolio
servicing, all without impacting customers’ experiences.
“Our objective is to help businesses protect their customers and
themselves from risks associated with digital interactions,” said
Adam Gunther, Senior Vice President and General Manager of the
Digital Solutions team at Equifax. “Providing a safe and secure
online environment is critical. We are working closely with
partners like Mitek to provide a suite of identity verification and
authentication solutions to help address the significant fraud
challenges companies face today.”
“We exist to keep people safe in the digital world,” said Gavin
Sollinger, Vice President of Strategic Global Alliances at Mitek.
“Bad actors will always find new ways to take advantage of people.
It is our job to stay ahead of them through the latest advances in
artificial intelligence, machine learning, and biometrics. It is an
honor to join forces with Equifax, to deploy our pioneering
technology to help strengthen consumer identity protection across
the world.”
ABOUT MITEK
Mitek (NASDAQ: MITK) is a global leader in digital access,
founded to bridge the physical and digital worlds. Mitek’s advanced
identity verification technologies and global platform make digital
access faster and more secure than ever, providing companies new
levels of control, deployment ease and operation, while protecting
the entire customer journey. Trusted by 99% of U.S. banks for
mobile check deposits and 7,800 of the world’s largest
organizations, Mitek helps companies reduce risk and meet
regulatory requirements. Learn more at www.miteksystems.com. Follow
Mitek on LinkedIn, Twitter and YouTube, and read Mitek’s latest
blog posts here.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230921731606/en/
Media Inquiries: Angela M. Romei, Mitek Senior Director
pr@miteksystems.com
Mitek Systems (NASDAQ:MITK)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mitek Systems (NASDAQ:MITK)
Historical Stock Chart
From Jul 2023 to Jul 2024