AU10TIX Responds to Rise in Mobile Account Takeovers with 2nd Generation ID Document Authentication Technology

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Recent NBCNews article draws attention to mobile accounts that become a prime target for fraudsters who impersonate real account owners to buy expensive smartphones, bill them to the unknowing owner’s account, and then selling them. AU10TIX points out at 2nd generation ID authentication technology that can facilitate faster, safer account ownership resolution.

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Taking over a smartphone account is parallel to taking over their account. The harm is done to both customer and carrier.

Recent NBC News article of July 27, 2016 titled: “Fraud Alert: ID Thieves Hijack Mobile Phone Accounts” warns of an emerging type of account hijacking: Instead of snatching smartphones for some quick cash, criminals take over the device owner’s wireless account and use it to make purchases. "This type of fraud is a form of money laundering," quotes NBC News Robert Siciliano, CEO of IDTheftSecurity.com. "They're turning someone's personal information into cash by buying the phones and then selling them." (See: http://www.nbcnews.com/tech/tech-news/fraud-alert-id-thieves-hijack-mobile-phone-accounts-n599761). AU10TIX 2nd generation ID authentication technology can turn account ownership restoration defined as “nightmare… hugely inconvenient and cause (of) a lot of stress” (ibid) into a simple Scan & Go process that can take place either at the mobile operator’s branch or online.

“As mobile devices become wallets so does their compromising by fraudsters obviously increase”, says Ron Atzmon, Managing Director of AU10TIX: “We are already familiar with account takeover resolution, which is an issue especially if you are an online service provider that has no physical branches. But for both physical customer service channels and online service channel, restoring account ownership to the right hands is an issue. Government issued face ID documents are the most secure, readily available facility to ascertain identities. But the hassle and inconsistent reliability of examining them manually can be replaced with latest ID authentication technology that is both seconds-fast and offer pixel-level multi-factor authenticity forensics.”

“Taking over a smartphone account is parallel to taking over their account”, says Ofer Friedman, VP Marketing of AU10TIX: “The harm is done to both customer and carrier Interestingly, many mobile carriers still do not use latest ID authentication and record generation technology to either onboard customers or resolve account takeovers. Now that the technology to facilitate rapid, deep ID authentication is available, both for branches and for online channels, they probably should consider doing just that. Especially as this is not just about communication devices but about wallets and financials.”

About AU10TIX
AU10TIX Limited, a fully owned subsidiary of ICTS International N.V, deals with the authentication and digitization of identifying documents including Passports, identity cards, driving licenses and other complementary identifying documents. The company specializes in implementing hardware & software based applications used for scanning, identifying, content retrieval, authentication and validation of identifying documents. AU10TIX is a pioneer of all-channel (front-end and online) ID authentication and processing solutions. The company's products drastically reduce identifying document-based fraud, reducing the costs associated with client processing and enabling effective regulatory compliance, while making the sales and support operations speedier and considerably more efficient.
For more information, visit http://www.au10tix.com

About ICTS International N.V.
ICTS specializes in the development and implementation of innovative security concepts and solutions designed to meet the needs of a variety of industries, mainly aviation transportation, border control and sensitive facilities. ICTS International benefits from over two decades of expertise and international operational experience in transportation security, with a particular emphasis on high-risk environments, passenger processing transactions and the integration of security services to provide a comprehensive security solution. It also offers a wide variety of customized training programs, tailored procedures and a wide range of security consulting services. The company has developed and implemented unique technological solutions, based on its comprehensive approach to security, designed to enhance the level of security while accelerating the security check process.
For more information, visit http://www.icts-int.com

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company’s business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company’s actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company’s expectations or future events.

Contact:

AU10TIX
Ofer Friedman, VP Marketing
Email: ofer.friedman(at)au10tix(dot)com
Tel.: +357 (22) 007698

ICTS International NV
Alon Raich
Email: mail(at)ictsinternational(dot)com
Tel.: +31-20-716 3421

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Ofer Friedman
AU10TIX
+972 504717150
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