Press release
CORRECTING and REPLACING Mitek Teams Up With Equifax to Take on Emerging Digital Fraud Threats and Protect Online Consumers and Businesses
SAN DIEGO--(BUSINESS WIRE)-- Please replace the release dated September 21, 2023, with the following corrected version due to a new headline, removal of the
About this update from Mitek Systems, Inc.
[{"type":"text","content":"\n \n\n\n SAN DIEGO--(BUSINESS WIRE)--\nPlease 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.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230921731606/en/\nHeadline 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).\n\n\nThe updated release reads:\n\n\nMITEK TEAMS UP WITH EQUIFAX TO TAKE ON EMERGING DIGITAL FRAUD THREATS AND PROTECT ONLINE CONSUMERS AND BUSINESSES\n\n\nMitek 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.\n\n\nIn 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.\n\n\nEquifax 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.\n\n\n“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 ar...