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AU10TIX launches INSTINCT to combat synthetic identity fraud

Cyprus-based machine learning, verification and authentication platform, AU10TIX announced the launch of INSTINCT. The platform is autonomous and anonymous and has been developed to enhance fight against synthetic identity fraud. The company states that the platform joins certain signals with adaptive analytics in a bid to detect identity risk on the basis of behaviours, patterns etc.

“We are seeing emerging fraud techniques that generate high-quality forgeries which are penetrating the first line of defense,” explained Ron Atzmon, Managing Director, AU10TIX. “Multiple attack cases have been reported in a variety of markets using high quality fake or counterfeit ID images, or images submitted before the service provider was properly protected.”

According to AU10TIX, the new platform is expected to detect criminal attempts of creating multiple accounts using fraudulent ID credentials. It utilises signals from one organisation for detecting similar patters across. The platform aims to enable organisations for analysing collective insights while participating as an isolated node or as an anonymous node within a trusted ecosystem. The company states that INSTINCT will be available at no charge for all AU10TIX users in 2020.

Carey Kolaja, President and COO, AU10TIX explained, “The main concept of building platforms fueled by anonymously shared signals is to generate insights based on different identities is emerging. As identity verification moves from a one-time event to a continuous verification process, so should our detection techniques. Together, we can build an autonomous ecosystem to keep our customers and businesses safe.”

AU10TIX is an identity management company that aims to provide results in less than 8 seconds, allowing companies to onboard faster, prevent fraud, meet compliance mandates, and importantly, establish trust with their customers.

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