AU10TIX
AU10TIX ID Verification Suite and Serial Fraud Monitor Prevented Over $18B in Business Fraud Since 2021
AU10TIX announced that it has protected companies around the globe against over $18B in business fraud since the 2021 launch of its award-winning Serial Fraud Monitor (formerly INSTINCT). This solution, along with the company’s IDV (Identity Verification) Suite, has proven to protect organizations against even the most sophisticated identity fraud schemes. The impact of AU10TIX’s multi-layered fraud prevention solutions is evident across multiple sectors, with significant savings realized in each industry.
AU10TIX Global Identity Fraud Report Pinpoints Economic Recovery and Inflation as Drivers of 44% Surge in North American Organized ID Fraud
AU10TIX released its Q2 2023 Global Identity Fraud Report. Drawing insights from millions of transactions processed in 249 countries from April to June 2023, the report identifies emerging regional and industry-specific patterns of ID fraud. Most notably, there has been a 44% increase in organized ID fraud in North America compared to preceding quarters. This upsurge is believed to be driven by the ongoing economic recovery and inflationary pressures, particularly in the US market, which are emboldening professional ID fraud syndicates.
Dan Yerushalmi Appointed CEO of AU10TIX
AU10TIX announced the appointment of Dan Yerushalmi as its new CEO. Yerushalmi?s record with global technology enterprises and experience in the security, e-banking and telecommunications industries underlines AU10TIX?s intention to help customers counter increasingly sophisticated fraudsters and comply with regulatory changes. He is replacing former CEO Carey O?Connor