Mitek Named to Digital ID & Authentication Council of Canada
January 23 2024 - 8:00AM
Business Wire
Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital
identity and fraud prevention, has been appointed to the Digital ID
& Authentication Council of Canada (DIACC). DIACC is the
world’s only digital trust, credentials and identity verification
association with a mission to unlock the full potential of the
global digital economy by placing privacy and people-centered
benefits at the center of the digital identity movement.
The non-profit coalition of public and private sector leaders,
established in 2012, is committed to developing a Canadian
framework for digital identification and authentication that will
allow participants to fully and securely participate in the global
digital economy. As a member of DIACC, Mitek will join the Trust
Framework and Adoption committees and other impactful forthcoming
initiatives related to digital trust capabilities.
“We all will prosper when it is easy and safe for people to
manage their own identities in a world where it is often unsafe to
share information in an effective, easy-to-understand way,” said
DIACC President Joni Brennan. “Our work has wide-ranging
implications for individuals, companies and the wider economy.”
According to TransUnion’s 2023 State of Omnichannel Fraud,
digital fraud attempts in Canada spiked 189% from pre-pandemic
levels, confirming the importance of DIACC’s work. The
Canadian Anti-Fraud Centre reported receiving fraud and cybercrime
reports totaling $530 million in victim losses in 2022, nearly a
40% increase from the unprecedented $380 million in losses in
2021.
“DIACC’s mission and principles mirror Mitek’s commitment to the
development of a robust, secure, scalable, inclusive and
privacy-enhancing digital ecosystem,” Mitek SVP Chris Briggs said.
“We are honored to contribute our experience and our technological
expertise to further these goals within Canada, as well as provide
an example for other countries and governing bodies to responsibly
manage digital identity.”
Mitek works with financial institutions across North America and
Europe to provide innovative, reliable solutions that bridge the
divide between physical and digital identity.
Ready to learn more?
- Download: DIACC research into Canadian perspectives regarding
the evolution of digital Identity.
- Meet Mitek Identity innovators and thought leaders here.
- Discover Mitek solutions, resources and use cases with
financial services firms here.
About Mitek
Mitek (NASDAQ: MITK) is a global leader in digital access,
founded to bridge the physical and digital worlds. Mitek’s advanced
identity verification technologies and global platform make digital
access faster and more secure than ever, providing companies new
levels of control, deployment ease and operation, while protecting
the entire customer journey. Trusted by 99% of U.S. banks for
mobile check deposits and 7,900 of the world’s largest
organizations, Mitek helps companies reduce risk and meet
regulatory requirements. Learn more at www.miteksystems.com.
Follow Mitek on LinkedIn and YouTube and read Mitek’s latest
blog posts here.
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Media Inquiries: Angela Romei, Mitek Senior Director
pr@miteksystems.com
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