Mergers & Acquisitions NEWS

Entrust Completes Acquisition of Onfido

Todd-Wilkinson

The acquisition makes Entrust a one-stop-solution to help customers navigate security challenges as AI technology evolves.

Entrust has completed its acquisition of Onfido. With this completed acquisition, Entrust now provides the industry’s most comprehensive portfolio of AI-powered, identity-centric security solutions.
According to a recent report by Onfido, organizations saw a 3,000% increase in deepfakes and a five-times increase in forged identities over the past year. Onfido’s technology fights fire with fire, utilizing AI to deliver reliable liveness detection and spot deepfakes, video spoofs, masks, and similar identity theft tactics.

“This acquisition comes at an inflection point in the industry. With the acquisition of Onfido, our customers can leverage global-leading identity verification technology to meet the new challenges of cybersecurity in the age of AI. Identity-centric security is the starting point for Zero Trust frameworks and ensures a company’s cyber defense is best positioned to meet today’s threats,” said Todd Wilkinson, president and chief executive officer, Entrust.

Entrust will service a range of business requirements by leveraging Onfido’s cutting-edge identity verification solutions across the Entrust portfolio including its biometrics, AI/machine learning, and no-code orchestration capabilities. Now, capabilities include automated security defenses, with a layered, enhanced approach to fraud detection, using AI developed in-house to verify genuine identities.

With its updated and new solutions, organizations can secure digital-first experiences for customers, citizens, and their workforces, while complying with global regulations and reducing fraud.

Related posts

Check Point Expands its offerings!

Channel 360 MEA

Manufacturing in the Middle East: What to Expect in 2024

Channel 360 MEA

From hearts to hackers: Don’t let romance scammers steal more than your love

Channel 360 MEA

Leave a Comment