Press release
Mitek Wins 2024 Artificial Intelligence Breakthrough Award
Prestigious International Award Program Recognizes Mitek’s MiPass® SAN DIEGO--(BUSINESS WIRE)-- Mitek Systems, Inc. (NASDAQ: MITK) has been named winner of
About this update from Mitek Systems, Inc.
[{"type":"text","content":"\nPrestigious International Award Program Recognizes Mitek’s MiPass®\n\n\n SAN DIEGO--(BUSINESS WIRE)--\nMitek Systems, Inc. (NASDAQ: MITK) has been named winner of the Authentication Innovation Award in the seventh annual AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global artificial intelligence (AI) market.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240626533641/en/(Graphic: Business Wire)\nMitek's MiPass® represents a significant advancement in biometric authentication technology. Using a unique combination of face and voice biometrics, along with liveness detection, MiPass offers a robust authentication solution that is not only user-friendly but also extremely difficult to falsify.\n\n\nDeepfake technology, using AI to craft highly convincing fake voices and images, is increasingly being used in complex fraud schemes. Criminals are exploiting this technology, combined with stolen data, to perform social engineering scams and create false identities, posing serious risks to personal security and the financial sector. MiPass is designed to protect against today’s most sophisticated forms of identity theft and other increasingly dangerous fraud vectors.\n\n\nMiPass brings together four dimensions of biometrics in a single solution:\n\n\n\nThe “selfie” face biometric verifies that the user is the same as the registered account holder.\n\n\n\nThe passive face-liveness check validates that the user is human and not a bot or deep fake.\n\n\n\nThe voice biometric adds an additional biometric layer to determine the legitimacy of the user to the verified account holder.\n\n\n\nThe voice liveness check authenticates against voice cloning and voice spoofing.\n\n\n\nThese four dimensions of biometric checks are collected in almost real time from the consumer, providing convenience while also assuring safety.\n\n\nChris Briggs, senior vice president, Identity, at Mitek, expressed excitement over MiPass technology being honored with the esteemed AI Breakthrough award. “This accolade comes at a crucial moment when there is a significant demand for enhanced and secure identity verification solutions. MiPass technology stands out by fulfilling the ...