KuppingerCole Report Executive View: HID Global Fraud Prevention Offering

Fraud Mitigation and Prevention in Banking Security. HID offers comprehensive fraud prevention solutions, including scalable authentication platforms, physical access controls, smart identity card manufacturing, biometric authentication, and mobile/remote identity proofing. Their robust security protocols and cryptographic standards ensure secure digital channels, helping customers mitigate risks and reduce costs associated with Account Take Over, New Account Fraud, and other digital threats. As cybercrime costs are projected to reach $10.5 trillion by 2025, HID's offerings are crucial for banking security and fraud prevention across various industries.