Security News > 2021 > June > Mitek acquires ID R&D to provide protection against identity theft and dangerous fraud techniques

ID R&D's pioneering facial and voice biometric capabilities provide increased protection against today's most sophisticated identity theft and increasingly dangerous fraud techniques, such as deepfakes and synthetic voice augmentation.

To defend against the rise and growing sophistication of these fraud attacks, the identity verification market is expected to reach $15.8 billion in the US by 2025, according to a report by Markets and Markets.

ID R&D's multi-modal approach to identity authentication directly addresses these threats by combining passive facial liveness and voice anti-spoofing technologies, accurately identifying even advanced AI-based deceptions to ensure each transaction is completed by a real person.

"Today's consumers are transacting in a digital-first world, and they expect to trust technology to keep them safe against burgeoning threats. Identity verification has never been more relevant," said Max Carnecchia, CEO Mitek Systems.

Modern deepfake technology provides the tools for fraudsters to easily mimic these actions, making ID R&D's technology vital in the fight against fraud.

"Consumers want an easy, frictionless experience. We are proud to join Mitek to scale our leading voice biometrics, facial liveness and deepfake detection technologies," said Alexey Khitrov, CEO at ID R&D. "This move accelerates our vision to be the industry's center of excellence to fight fraud more seamlessly without inconveniencing customers."

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