AU10TIX ID Verification Suite and Serial Fraud Monitor Prevented Over $18B in Business Fraud Since 2021 [Yahoo! Finance]
ICTS INTL NV (ICTSF)
NASDAQ:AMEX Investor Relations:
ictsintl.com/investors/annual-reports
Company Research
Source: Yahoo! Finance
it has protected companies around the globe against over $18B in business fraud since the 2021 launch of its award-winning Serial Fraud Monitor (formerly INSTINCT). This solution, along with the company's IDV (Identity Verification) Suite , has proven to protect organizations against even the most sophisticated identity fraud schemes. The impact of AU10TIX's multi-layered fraud prevention solutions is evident across multiple sectors, with significant savings realized in each industry. In the payments sector alone, AU10TIX's solutions have prevented over $13B in fraudulent transactions. Other impacted sectors include cryptocurrency and trading ( $2.7B ), banking (over $1B ), and shared economy ( $776M ). Furthermore, in Q1 of 2024 alone, AU10TIX has already prevented over $1.3B in fraud . These figures underscore AU10TIX's commitment to combating fraud across industries and protecting businesses from financial loss. In 2023, AU10TIX prevented twice the fraud that it had in 2021. Th
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