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$35M stolen in voice clone as deepfake tech availability increases

A previously unreported incident in which $35 million was stolen in 2020 when fraudsters used voice cloning technology to trick…

 

DeFi opportunity for biometric verification providers

The burgeoning decentralized finance or ‘DeFi’ sector could prove a fertile ground for biometric verification providers should services require users…

 

Mitek and Yinda Infocomm report gains amid biometrics market consolidation

Revenues from Mitek’s biometrics, digital identity verification and mobile deposit technologies jumped by 25 percent on a year-over-year bases to…

 

Biometrics earnings in hand, Mitek plans common stock repurchase up to $15M

In a move the company says is reflective of the profitable growth of its biometric identity verification and mobile deposit…

 

Tariq Malik returns to lead Pakistan digital ID efforts amid biometrics leadership appointments

In a flurry of new hires, NADRA has returned its former head, Mitek Systems has appointed a new board member…

 

Mitek to integrate ID R&D biometrics for full transaction lifecycle security in $49M acquisition

In a major step towards biometrics industry consolidation, Mitek has acquired ID R&D for $49 million to integrate its face…

 

Mitek books record revenues on biometric verification demand, Supercom and Cyberlink report earnings

Mitek revenues increased by 24 percent on a year-over-year basis in its second fiscal quarter of 2021, to a company record…

 

Consumer biometrics improvements could set up future digital service ecosystem, Mitek CTO says

Consumer authentication for digital services has matured rapidly during the past several years, creating major opportunities for businesses to onboard…

 

Mitek hedges against biometrics investment market disruption with $125M private offering

Mitek is planning to raise at least $125 million through a private offering of Convertible Senior Notes to qualified institutional investors…

 

Digital ID demand drives Mitek 18 percent revenue growth in record quarter

Mitek has reported an 18 percent revenue growth for its first quarter of fiscal 2021 ended December 31, 2020 on…

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