logo
Jumio Recognized for Cutting Edge Fraud Prevention in 13th Annual Global InfoSec Awards

Jumio Recognized for Cutting Edge Fraud Prevention in 13th Annual Global InfoSec Awards

National Post28-04-2025
Article content
Article content
SUNNYVALE, Calif. — Jumio, the leading provider of automated, AI-driven biometric identity verification, risk signals and compliance solutions, today announced its recognition as a Cutting Edge Fraud Prevention Solution by Cyber Defense Magazine as part of the 13th annual Global InfoSec Awards.
Article content
Jumio was recognized for its innovative approach to identity verification and fraud prevention at a time when sophisticated AI-driven cyber threats are accelerating. The Jumio Platform combines advanced technologies, including AI, biometrics, liveness detection and connected intelligence to combat fraud and ensure businesses can establish and maintain trust throughout the user lifecycle. Jumio's multi-layered defense strategy tackles a wide range of attack types and is backed by an expansive patent portfolio spanning nearly 100 unique patent families and ensures that businesses using Jumio's services remain protected in an ever-evolving fraud landscape.
Article content
Article content
'In a world where identity fraud tactics grow more sophisticated, this award reinforces our dedication to empowering organizations with smarter, more secure ways to trust the people they do business with,' said Jumio CEO Robert Prigge.
Article content
'Jumio is absolutely worthy of this coveted award as it embodies three major features we judges look for in winners: understanding tomorrow's threats, providing a cost-effective solution and innovating in unexpected ways that can help mitigate cyber risk and get one step ahead of the next breach,' said Gary S. Miliefsky, publisher of Cyber Defense Magazine.
Article content
Jumio helps organizations to know and trust their customers online. From account opening to ongoing monitoring, the Jumio Platform provides advanced identity verification, risk signals and compliance solutions that help you accurately establish, maintain and reassert trust.
Article content
Leveraging powerful technology including automation, biometrics, AI/machine learning, liveness detection and no-code orchestration with hundreds of data sources, Jumio helps you fight fraud and financial crime, onboard good customers faster and meet regulatory compliance including KYC and AML. Jumio has processed more than 1 billion transactions spanning over 200 countries and territories from real-time web and mobile transactions.
Article content
Based in Sunnyvale, California, Jumio operates globally with offices and representation in North America, Latin America, Europe, Asia Pacific and the Middle East and has been the recipient of numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners.
Article content
Cyber Defense Magazine is the premier source of cyber security news and information for InfoSec professions in business and government. We are managed and published by and for ethical, honest, passionate information security professionals. Our mission is to share cutting-edge knowledge, real-world stories and awards on the best ideas, products, and services in the information technology industry. We deliver electronic magazines every month online for free, and special editions exclusively for the RSA Conferences. CDM is a proud member of the Cyber Defense Media Group. Learn more about us at https://www.cyberdefensemagazine.com and visit https://www.cyberdefensetv.com and https://www.cyberdefenseradio.com to see and hear some of the most informative interviews of many of these winning company executives. Join a webinar at https://www.cyberdefensewebinars.com and realize that infosec knowledge is power.
Article content
Article content
Article content
Article content
Article content
Contacts
Article content
U.S. Media Contact
Allison Knight
10Fold Communications
jumio@10fold.com
806-570-9819
Article content
Article content
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bybit and Cactus Custody Announce Strategic Partnership with Cactus Oasis Integration
Bybit and Cactus Custody Announce Strategic Partnership with Cactus Oasis Integration

Cision Canada

time23-07-2025

  • Cision Canada

Bybit and Cactus Custody Announce Strategic Partnership with Cactus Oasis Integration

DUBAI, UAE, July 23, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, today announces a strategic partnership with Cactus Custody, Asia's leading compliant and licensed digital asset custodian under Matrixport Group. Together, they are launching an off-exchange settlement solution via Cactus Oasis, designed to enhance asset security, capital efficiency, and operational control for institutional clients. The integration will go live on July 28, 2025. This partnership enables institutional and professional clients to trade directly on Bybit without pre-funding exchange accounts. Clients deposit collateral into Cactus Custody, where assets are held in fully segregated, regulated custody and transferred to Bybit only at the point of trade settlement, reducing counterparty risk while maintaining access to market liquidity. Shunyet Jan, Head of Institutional and Derivatives at Bybit, commented: "Bybit is committed to providing institutions with a secure and efficient trading environment. The integration of Cactus Oasis gives our clients more flexibility in managing liquidity without compromising asset protection." Enhanced Asset Security and Efficiency With Cactus Oasis, institutional clients can trade on Bybit while keeping their collateral securely held in independent custody. Assets remain protected with Cactus Custody until trade settlement, improving capital efficiency and aligning with strict internal governance requirements. Cactus Custody delivers bank-grade security through a tiered hot and cold wallet system, combining hardware security module (HSM) encryption with institutional-grade cold storage. It holds SOC 1 Type 1 and SOC 2 Type 2 certifications from Deloitte and is licensed as a Hong Kong Trust Company and Trust or Company Service Provider (TCSP) under the Hong Kong Monetary Authority, meeting the compliance standards of leading financial institutions. Cactus Oasis: Tailored for Institutional Needs Cactus Oasis offers cross-platform custody through Buffer accounts, a Cactus Oasis feature, streamlining asset management across multiple exchanges. It provides flexible risk controls, including dual- and pre-authorization modes, customizable approval and settlement workflows, and compliance with KYC, KYB, and KYT requirements. Role-based access and multi-level permissions ensure robust governance and operational efficiency. Wendy Jiang, General Manager of Cactus Custody, said: "This integration with Bybit addresses institutional demands for secure custody, risk reduction, and efficient post-trade settlement. It represents a meaningful step in advancing digital asset trading infrastructure and driving institutional adoption." Driving Institutional Adoption Globally Bybit and Cactus Custody share a joint vision of supporting institutional adoption with compliant, transparent, and scalable infrastructure. This partnership is particularly impactful for institutions in the Asia-Pacific region, where regulatory clarity, risk controls, and capital flexibility are essential to long-term engagement. #Bybit / #TheCryptoArk / #IMakeIt About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at

Nasdaq Verafin Announces Launch of its Agentic AI Workforce, Delivering a Step Change in AML Compliance Efficiency
Nasdaq Verafin Announces Launch of its Agentic AI Workforce, Delivering a Step Change in AML Compliance Efficiency

Globe and Mail

time21-07-2025

  • Globe and Mail

Nasdaq Verafin Announces Launch of its Agentic AI Workforce, Delivering a Step Change in AML Compliance Efficiency

NEW YORK, July 21, 2025 (GLOBE NEWSWIRE) -- Nasdaq Verafin today announced the launch of the Agentic AI Workforce, a suite of digital workers that will deliver a step change in the way banks conduct anti-money laundering (AML) compliance by automating low-value, high-volume compliance processes. Building on the successful adoption of its GenAI Entity Research Copilot, Nasdaq Verafin's Agentic AI Workforce is made up of digital workers that can be deployed by banks to execute complex tasks, including decisioning, with minimal supervision. According to Nasdaq Verafin's Global Financial Crime Report, a survey of more than 200 industry professionals found that 75% of respondents had increased their investment in headcount over the prior year to improve financial crime prevention efforts. However, despite increased investment in headcount, nearly half of respondents reported a lack of adequate resources and technology to fight financial crime. With the ability to independently analyze, document, and decision end-to-end processes, the digital workers enable banks to reallocate resources to more sophisticated investigations and outcomes-focused activities. 'In today's operating environment, banks are tasked with navigating a growing number of compliance challenges from evolving regulatory requirements to the shortcomings of legacy technology and impact of resource constraints on compliance teams," said Rob Norris, SVP and Head of Product, Nasdaq Verafin. 'Our Agentic AI Workforce will transform the way banks of all sizes approach AML compliance, delivering a step change in efficiency gains that allows compliance teams to shift efforts and focus on the important work of tackling serious financial crimes such as human trafficking, drug trafficking, and other facets of organized crime.' The first of the digital workers will focus on two of the most resource-intensive areas of compliance – Sanctions Screening and Enhanced Due Diligence (EDD) reviews. Currently in beta, the first digital workers are expected to be available to Nasdaq Verafin clients later this year. The Digital Sanctions Analyst will aid Sanctions Screening by dispositioning, documenting, and actioning false positive alerts, while escalating true matches for further review by bank investigators. Sanctions compliance is a complex and costly problem for financial institutions, with compliance failures leading to civil penalties and reputational damage. Further, legacy approaches to Sanctions Screening can hamper compliance teams with an overwhelming number of false positive alerts. Initial results show that Nasdaq Verafin's Digital Sanctions Analyst reduces a bank's alert review workload by more than 80%. The Digital EDD Analyst will automate a bank's periodic EDD review process, actioning low-risk cases that do not require further investigation, offering significant efficiency gains for banks. Meeting regulatory requirements for conducting EDD reviews of high-risk customers is a growing challenge for financial institutions, as reviews at most institutions rely on time-consuming manual processes. The Digital EDD Analyst will allow financial institutions to streamline their risk review process, delivering a step change in efficiency and significantly reducing operational expenses. The launch of the Agentic AI Workforce represents the latest evolution of Nasdaq Verafin's industry-leading financial crime management solutions, following the successful rollout of the GenAI Entity Research copilot. Since releasing the Entity Research Copilot into Nasdaq Verafin's case management module in the second quarter of 2025, clients have leveraged this feature in tens of thousands of cases to help streamline and expedite investigations and documentation. In all, more than 1,300 clients have benefited from Nasdaq Verafin's integrated GenAI copilot capabilities across its platform since launch. "The financial services industry is grappling with mounting pressure to enhance operational efficiency while maintaining robust compliance operations amid increasingly sophisticated threats,' said Chuck Subrt, the Fraud & AML Practice Director at Datos Insights. 'We are witnessing a transformative shift as institutions seek to automate resource-intensive workflows that traditionally consume the vast majority of analysts' time on data collection and processing. Digital workforce solutions like Nasdaq Verafin's Agentic AI Workforce flip the investigator time equation to enable human experts to focus on high-value decision-making and critical analysis." Please visit to learn more about Nasdaq Verafin's Agentic AI Workforce. About Nasdaq Verafin Nasdaq Verafin provides Financial Crime Management Technology solutions for Fraud Detection and Management, AML/CFT Compliance and Management, High-Risk Customer Management, Sanctions Screening and Management, and Information Sharing. More than 2,600 financial institutions, representing over $10T in collective assets, use Nasdaq Verafin to prevent fraud and strengthen AML/CFT efforts. Visit to learn more. Cautionary Note Regarding Forward-Looking Statements Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as 'will,' 'may', and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to potential savings, efficiency gains, or product results. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These risks and uncertainties are detailed in Nasdaq's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq's investor relations website at and the SEC's website at Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. © 2025 Nasdaq, Inc. The Nasdaq logo and the Nasdaq 'ribbon' logo are the registered and unregistered trademarks, or service marks, of Nasdaq, Inc. in the U.S. and other countries. All rights reserved. This communication and the content found by following any link herein are being provided to you by Nasdaq, Inc. and/or certain of its subsidiaries (collectively, 'Nasdaq'), for informational purposes only. Nasdaq makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. At the time of publication, the information herein was believed to be accurate, however, such information is subject to change without notice. Nothing herein shall constitute a recommendation, solicitation, invitation, inducement, promotion, or offer for the purchase or sale of any investment product, nor shall this material be construed in any way as investment, legal, or tax advice, or as a recommendation, reference, or endorsement by Nasdaq. NDAQF

Trouble in Paradise? Consumers Don't Trust Travel Industry to Protect Them From AI-Powered Fraud
Trouble in Paradise? Consumers Don't Trust Travel Industry to Protect Them From AI-Powered Fraud

National Post

time16-07-2025

  • National Post

Trouble in Paradise? Consumers Don't Trust Travel Industry to Protect Them From AI-Powered Fraud

Article content New research from Jumio reveals nearly half of global consumers lack confidence in travel industry's ability to protect against identity fraud Article content SUNNYVALE, Calif. — Jumio, the leader in AI-powered identity intelligence anchored in biometric authentication, automation and data-driven insights, today released new findings from its 2025 Online Identity Study. As consumers worldwide set out for summer leisure, digital identity protection may be taking a more prominent spot on the packing checklist, with nearly half of global consumers (44%) lacking confidence in the travel industry's ability to protect them from AI-powered fraud including identity theft and account takeover fraud. This lack of confidence jumped to 55% for Americans. Article content For the sharing economy (including vacation rentals and other travel-focused gig economy services), confidence falls even further, with 60% in the U.S. and 50% globally saying they don't feel adequately protected. Article content Consumers share sensitive personal data in exchange for a simple vacation, notably turning over government-issued IDs like passports and drivers' licenses in order to book and check into flights, reserve accommodations and rental cars, and more. This exchange of data makes consumers vulnerable to fraud during the summer travel season — and they recognize the risk. Article content These sentiments trend alongside broader global distrust in digital spaces, with 69% of respondents saying AI-powered fraud now poses a greater threat to personal security than traditional forms of identity theft. Article content In response to this distrust, consumers worldwide are slightly more willing to invest more time in identity verification on these platforms than in 2024: Article content In 2025, 74% of global consumers said they would willingly spend more time on identity verification when accessing travel and hospitality-related platforms if it improved their security — up from 71% in 2024. Global willingness to spend time verifying identity on sharing economy platforms also stayed high at 70% in 2025, only slightly down from 71% in 2024, but with a subtle shift from 'a lot more time' to 'a little more time.' This suggests increased caution, with a remaining preference for low-friction, visible safeguards. Article content Consumers' increasing willingness to spend time on identity verification for travel-related transactions follows a growing trend in traditionally higher-risk industries. For instance, 80% of consumers globally were willing to spend more time on security for digital platforms supporting banking and financial services. Article content 'Whether it's an evacuation plan or a safe in every hotel room, the travel and hospitality industry know how to build the structures and processes customers need to feel safe. Now customers expect the same level of care for their personal data,' explained Bala Kumar, chief product and technology officer at Jumio. 'But travel and hospitality businesses can't keep layering traditional protections on already complex processes — they need new solutions and technologies to balance convenience with protection, even as AI-powered scams evolve.' Article content Find additional data and insights here. Article content About the Research Article content The Jumio 2025 Online Identity Study surveyed 8,001 adult consumers evenly distributed across the United States, the United Kingdom, Singapore, and Mexico. Censuswide fielded the survey between April 9 and April 24, 2025. Censuswide abides by and employs members of the Market Research Society which is based on the ESOMAR principles and are members of The British Polling Council. Article content About Jumio Article content Jumio helps organizations to know and trust their customers online. From account opening to ongoing monitoring, the Jumio Platform provides AI-powered identity intelligence anchored in biometric authentication, automation and data-driven insights to accurately establish, maintain and reassert trust. Article content Leveraging powerful automated technology including biometric screening, AI/machine learning, liveness detection and no-code orchestration with hundreds of data sources, Jumio helps to fight fraud and financial crime, onboard customers faster and meet regulatory compliance including KYC and AML. Jumio has processed more than 1 billion transactions spanning over 200 countries and territories from real-time web and mobile transactions. Article content Based in Sunnyvale, California, Jumio operates globally with offices and representation in North America, Latin America, Europe, Asia Pacific, and the Middle East and has been the recipient of numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners. Article content Article content Article content Article content Contacts Article content Media Contacts Article content U.S. Media Contact Article content Article content Haleigh Kent-Bryant Article content Article content Article content 810-516-5486 Article content APAC Media Contact Article content Article content Luke Nazir Article content Article content FINN Partners Article content Article content Article content Article content +65 8139 2504 Article content LATAM Media Contact Article content Article content Lavinia Muñoz Article content Article content Article content Article content

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store