Can we create fully secured digital identities and perfect data that connects in real time?
Identity is more complex and essential than ever. Gone are the days of one-time authentication. Customers expect frictionless, fast, and secure payments and services. Companies seek solutions that score risk and prevent fraud in real time based on disparate data sources. Trust is now a two-way street, with consumers questioning how companies use and secure their personal information while companies question users’ authenticity and intent.
We believe the future is in continuous trust and verification technologies that enable secure digital business at a faster pace and greater scale. These innovations will help companies analyze the maximum amount of data in real time to authenticate identities, protect users, and make more accurate and timely decisions. They will unlock new possibilities for customers as companies better underwrite mortgages, provide access to new digital banking services, and protect sensitive user data.
These technologies are only possible with continuous security layers that create a full, responsive and constantly updated risk profile while detecting and combating fraud. We believe there is a significant opportunity for security infrastructure and governance, risk and compliance (GRC) innovations to unlock new business opportunities thanks to how they protect and enable solutions and services in real time. The impact will be global, spanning companies of all sizes across financial services, retail, healthcare, and beyond. Continuous trust and identity verification will unlock new growth opportunities for companies and more seamless and valuable experiences for consumers.
$10 billion consumer fraud losses in 2023, US (FTC)
$91 billion predicted cost of global ecommerce fraud in 2028
1265% increase in phishing attacks in 2023, due to GenAI
