PRESS RELEASE
SEATTLE, WA – August 28, 2024 – AuthenticID, a world chief in id verification and fraud prevention options, introduced the latest launch of Sensible ReAuth™. Sensible ReAuth™ is a reauthentication answer that leverages a selfie to re-confirm an id. First launched in 2021, this enhanced model presents verifications in lower than one second, with fast deployment.
Sensible ReAuth™’s biometric-based method ensures quick, correct and safe id verification. Throughout enrollment, customers move via a full id verification transaction to confirm them as a very good, authenticated buyer. Transferring ahead, the customers can extra seamlessly show their id to be used instances like high-risk or high-dollar worth transactions, to reset a password or just log into an software. This enables companies to confidently confirm prospects or staff at any level of their journey, whereas blocking fraudsters and account takeovers (ATO).
For companies, Sensible ReAuth™ presents versatile deployment choices. It may be quickly deployed by way of an online service or seamlessly embedded right into a consumer’s personal internet or cell workflow. The intuitive service provider supervisor presents a user-friendly admin console and a seamless expertise for customers. Sensible ReAuth may be customizable based mostly on particular use instances and threat tolerance.
Safety and privateness are paramount with the Sensible ReAuth™ platform. Even beforehand verified identities may be compromised by refined fraud and spoofing makes an attempt. With liveness detection and anti-fraud checks, Sensible ReAuth™ confirms the particular person is current and is who they declare to be. The platform additionally presents safe encryption storage: as soon as a person is reverified, their info is saved in a separate, secured, and encrypted database inside the AWS cluster with customized information retention insurance policies permitting prompt information deletion.
As documented in each the 2024 State of Identification Fraud Report and the 2024 Mid-Yr Identification Fraud Evaluate, each id fraud makes an attempt in addition to information breaches are at file highs, impacting each customers and companies amidst surges in fraud. Dangerous actors are always discovering new safety loopholes to use, permitting them entry to programs and delicate information. As a result of stopping fraud is an ongoing course of, further safety measures like Sensible ReAuth™ are actually a mandatory software for companies to scale back fraud loss, particularly for unhealthy actors who try to entry programs or information on a number of makes an attempt.
“Companies are always making an attempt to stability each safety and buyer expertise, however with the rise in refined id fraud threats, companies want the improved safety that biometrics presents” famous Alex Wong, AuthenticID VP of Product Administration. “Sensible ReAuth™ was developed to make sure that this answer isn’t only a highly effective software to combat fraud, but additionally improves the client expertise, giving fraud-weary prospects peace of thoughts whereas eliminating the necessity for cumbersome processes like KBA or passwords.”
Sensible ReAuth™ is a part of AuthenticID’s complete id verification expertise suite that provides totally automated verifications with over 99% accuracy in detecting counterfeit IDs, and 98% first-time move charges. Sensible ReAuth™ can be utilized in each client and workforce use instances together with however not restricted to:
-
Account takeover safety by way of step-up: Sensible ReAuth™ presents highly effective safety towards ATO makes an attempt and deepfake detection, which can happen throughout account restoration, password or account change requests, giant buy makes an attempt, misplaced/ stolen card requests, and extra.
-
Workforce Entry: Defend delicate information whereas permitting staff and contractors easy accessibility to the programs based mostly on safety ranges set by the enterprise.
-
Zero Belief Mannequin: Use biometric Sensible ReAuth™ with a zero-trust safety structure to make sure customers have the sources they want whereas combating fraud.
AuthenticID will proceed to drive innovation ahead in its expertise to make sure firms can keep forward of fixing fraud methods and regulatory necessities whereas delivering best-in-class buyer expertise.
For extra info on AuthenticID’s Sensible ReAuth™ platform and to request a demo, go to www.authenticid.com/merchandise/smart-reauth.
About AuthenticID
AuthenticID is a pioneer within the Identification Verification and Fraud Detection house. AuthenticID’s fully- automated answer protects identities and mitigates fraud with out sacrificing person expertise. Based in 2001, AuthenticID has deep area experience in verifying government-issued identification paperwork with the market’s strongest, next-generation, automated AI platform for fraud detection and id verification. AuthenticID’s patented platform is utilized by the world’s main monetary companies corporations, wi-fi carriers, and id verification platforms