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PALO ALTO, Calif., Sept. 27, 2018 (GLOBE NEWSWIRE) -- Jumio, the leading AI-powered trusted identity as a service provider, today announced that its Netverify® solution was honored with the Overall ID Management Solution of the Year Award in the 2018 CyberSecurity Breakthrough Awards, an awards program that recognizes the world’s best information security companies, products and people.
Jumio’s Netverify solution is the global leader in trusted identity as a service and combines ID Verification, Identity Verification and Document Verification to confirm the real-world identity of online consumers. Netverify verifies ID documents (e.g., driver’s licenses, passports and ID cards) issued by more than 200 countries and territories in real-time web and mobile transactions.
Leveraging advanced technology including biometrics, machine learning, computer vision, artificial intelligence and human review, Jumio helps customers to meet regulatory compliance including Know Your Customer (KYC), Anti-Money Laundering (AML) and General Data Protection Regulation (GDPR) without sacrificing the user experience. Netverify includes liveness detection to confirm that the person possessing the ID is the same person shown in the ID photo.
“As cybercriminals evolve, so too must the technology we use to protect customers. Traditional security and authentication methods, such as SMS-based two-factor authentication and knowledge-based authentication, are no longer considered best practices for secure or accurate methods of online identity verification,” said Stephen Stuut, CEO of Jumio. “Increasingly, businesses are undergoing digital transformations and looking for ways to reliably protect their ecosystems. We work very hard to create safeguards to protect those ecosystems by deterring fraud while, at the same time, simplifying the user experience—empowering organizations to protect and build trust with their customers.”
CyberSecurity Breakthrough is an independent organization that recognizes the top companies, technologies and products in the global information security market. The mission of the CyberSecurity Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of information security categories, including cloud security, threat detection, risk management, fraud prevention, mobile security, email security and many more. This year’s program attracted more than 3,000 nominations from companies around the globe.
Jumio has had continuous momentum in 2018, as the company and its Netverify solution have won 18 industry awards in the past year including the 2018 SC Awards, 14th Annual Info Security Product Guide’s 2018 Global Excellence Awards®, 2018 Tech Trailblazers Awards, 2018 Cybersecurity Excellence Awards, Cyber Defense Magazine’s 2018 Infosec Awards and the 13th Annual 2018 IT World Awards®.
To learn more about Jumio, please visit: www.jumio.com/.
When identity matters, trust Jumio. Jumio is the creator of Netverify® which enables businesses to increase customer conversions while providing a seamless customer experience and reducing fraud. By combining the three core solutions of ID Verification, Identity Verification and Document Verification, organizations now have a complete solution that allows them to establish the real-world identity of the consumer.
Leveraging advanced technology including biometric facial recognition, machine learning, artificial intelligence and human review, Jumio helps customers to meet regulatory compliance including KYC, AML and GDPR and tie the digital identity to the physical world. Jumio has verified more than 130 million identities issued by over 200 countries from real time web and mobile transactions. Jumio’s solutions are used by leading companies in the financial services, sharing economy, online gaming, cryptocurrency, higher education, retail and travel sectors.
Based in Palo Alto, Jumio operates globally with offices in the U.S., Europe, and Asia Pacific and has been the recipient of numerous awards for innovation. For more information, please visit www.jumio.com.
About CyberSecurity Breakthrough
The CyberSecurity Breakthrough Awards program is devoted to honoring excellence in information security and cybersecurity technology companies, products and people. The CyberSecurity Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough information security companies and products in categories including Cloud Security, Threat Detection, Risk Management, Fraud Prevention, Mobile Security, Web and Email Security, UTM, Firewall and more. For more information visit http://www.CyberSecurityBreakthrough.com.
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