Mitek, a provider of digital identity verification, and DarkTower, a threat intelligence solutions service, have announced a partnership that will give customers of Mitek’s Check Fraud Defender product real-time access to compromised account data.
The announcement comes amid a flurry of fraud and ID theft reports. In fact, during the first quarter of 2023 alone, the FTC identified nearly $2 billion in losses from more than 750,000 reports of fraud and identity theft.
“Financial institutions now have access to the tools to defend against the newest and most sophisticated attack methods used by those attempting fraud, including AI-generated documents and criminal marketplaces,” Michael Diamond, senior vice president and general manager of Mitek, said in a news release. “Integrating insights from DarkTower with our Check Fraud Defender service will enable financial institutions to move beyond passive defense to an active approach that reduces fraud losses and better protects their customers.”