Veriff Awarded for Excellence in Fraud Prevention Techniques
Veriff Wins Prestigious CyberSecurity Breakthrough Award
Veriff, a pioneering AI-native identity verification company, has garnered significant recognition for its outstanding contributions to fraud prevention. The company was awarded the title of “Overall Fraud Prevention Solution Provider of the Year” at a recent prominent cybersecurity awards event. This honor underscores Veriff’s unwavering dedication to creating a reliable digital ecosystem that effectively combats the increase of online fraud.
Highlighting Veriff's Award-Winning Solution
A key focus of this year's award was Veriff's innovative Proof of Address (PoA) solution. This cutting-edge technology allows organizations to verify users' current addresses within seconds, while simultaneously adhering to essential know your customer (KYC) and customer due diligence (CDD) regulations. Remarkably, this solution is capable of processing documents from over 230 countries and territories and supports upwards of 12,000 recognized document types in more than 48 languages and scripts.
By significantly reducing the time required for manual address verification from hours to mere seconds, Veriff empowers organizations to boost their onboarding conversion rates while maintaining stringent security measures. This efficiency is crucial in today’s fast-paced digital world, where trust and rapid service delivery are paramount.
Commitment to Transparency and User Safety
Expressing pride in the recognition from the CyberSecurity Breakthrough Awards, Veriff's founder and CEO, Kaarel Kotkas, emphasized the importance of transparency and trust in digital interactions. He stated, “As online fraud continues to rise, our focus on delivering fast, accurate, and globally scalable solutions is more critical than ever, bringing us closer to our mission of restoring trust to the internet.” This award reflects not just Veriff’s success but also its commitment to fostering safety in digital transactions.
A Glimpse into the CyberSecurity Breakthrough Awards
The CyberSecurity Breakthrough Awards are organized by a leading global market intelligence organization that identifies the most innovative products, companies, and individuals in the cybersecurity landscape. For the 2025 awards, a multitude of nominations were received globally, with winners selected based on their impact and innovation.
About Veriff
Veriff is an industry leader in the realm of identity verification, dedicated to helping businesses forge trust in the online environment. Their AI-native technology effectively combines automation and human oversight to accurately and swiftly verify users worldwide, streamlining the user experience significantly.
Partnerships with Leading Companies
Trusted by notable companies across various sectors, Veriff collaborates with industry leaders to provide robust identity solutions that meet modern business needs. Their platforms have been adopted by organizations like Blockchain, Bolt, Monzo, and many others in finance and technology.
Creating a Safer Digital Environment
Veriff’s commitment goes beyond just efficiency; their trust infrastructure is designed to assist businesses in remaining compliant, preventing fraud, and ensuring user protection, thereby contributing to a safer and more transparent internet for everyone. As digital landscapes evolve, solutions like those offered by Veriff become increasingly vital.
Frequently Asked Questions
What is the significance of the CyberSecurity Breakthrough Award?
The award recognizes excellence in the cybersecurity industry, highlighting innovative solutions and contributions that enhance safety and trust online.
What does Veriff specialize in?
Veriff specializes in AI-native identity verification, helping businesses to validate users' identities efficiently and securely.
How does the Proof of Address solution work?
Veriff's Proof of Address solution allows organizations to verify a user's address quickly, ensuring compliance with regulatory requirements while enhancing user experience.
Why is online fraud a growing concern?
Online fraud is escalating due to increased digital transactions, making it crucial for businesses to adopt effective verification solutions to protect themselves and their users.
Who are some of the clients that use Veriff?
Veriff's clients include leading companies across various industries, including finance, mobility, and gaming, all of whom prioritize trust and security.
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