authID's identity platform achieves over 5X scalability and a 97% acceptance rate, enhancing security for a major retailer.
Quiver AI Summary
AuthID, a biometric identity solutions provider, announced a major retailer's successful expansion of its identity platform after recording impressive operational improvements. In light of increasing cyber threats such as deepfakes and AI hacking, the retailer experienced a significant enhancement in user onboarding and fraud prevention, achieving a 472% increase in biometric user enrollments and doubling its identity operations. The platform demonstrated a 97% acceptance rate and over 97.9% of users completed biometric verification on the first attempt. AuthID's Proof™ and PrivacyKey™ solutions have enabled secure user onboarding while protecting user privacy by storing only cryptographic keys. CEO Rhon Daguro highlighted the platform's rapid scalability and efficiency, validating its effectiveness in combating account takeover fraud and improving operational success. The company aims to support broader deployments while ensuring security and compliance in the retail industry.
Potential Positives
- AuthID's identity solution demonstrated exceptional performance, scaling more than 5X and achieving a 97% acceptance rate, which enhances user experience and reliability.
- A major retail customer reported substantial gains in user onboarding and security, indicating strong demand and effectiveness of authID's solutions in the market.
- The company successfully expanded the deployment of its biometric identity assurance solutions across a wider customer base, showcasing its capability to support large-scale implementations.
- AuthID's platform protects against sophisticated cyber threats, which is increasingly important in the context of rising fraud costs and data breaches within the retail industry.
Potential Negatives
- While the press release highlights significant achievements, it also underscores the growing risks due to cyber threats such as deepfakes and advanced ransomware attacks, which are becoming more prevalent in the retail sector.
- The mention of substantial costs associated with data breaches in the retail industry raises concerns about the financial impact of potential cybersecurity incidents on authID's customer base.
- The focus on helping the major customer scale identity operations suggests that other customers may not be experiencing the same level of success, hinting at a potential disparity in performance across various clients.
FAQ
What is authID's recent achievement in identity verification?
authID has achieved over 5X scaling in identity operations while maintaining a 97% acceptance rate for biometric verification.
Who is authID's major customer in the retail sector?
The major customer is one of the largest worldwide retailers that has reported strong operational results using authID's platform.
How has authID improved user onboarding rates?
authID's platform facilitated a 472% increase in users attaching biometrics to their accounts, streamlining user onboarding.
What are the key benefits of authID’s PrivacyKey™ solution?
PrivacyKey™ cryptographically verifies identity, protects user privacy, and complies with regulations by storing only cryptographic keys instead of sensitive data.
How does authID enhance call center security?
authID ensures quick biometric verification of callers, safeguarding against account takeover fraud and protecting privileged accounts.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AUID Insider Trading Activity
$AUID insiders have traded $AUID stock on the open market 6 times in the past 6 months. Of those trades, 2 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $AUID stock by insiders over the last 6 months:
- STEPHEN JEFFREY GARCHIK has made 1 purchase buying 126,608 shares for an estimated $216,499 and 1 sale selling 50,000 shares for an estimated $53,000.
- KEN JISSER purchased 40,650 shares for an estimated $50,406
- THOMAS ROBERT SZOKE (Chief Technology Officer) has made 0 purchases and 3 sales selling 10,249 shares for an estimated $30,797.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AUID Revenue
$AUID had revenues of $-106.1K in Q3 2025. This is a decrease of -142.64% from the same period in the prior year.
You can track AUID financials on Quiver Quantitative's AUID stock page.
$AUID Hedge Fund Activity
We have seen 7 institutional investors add shares of $AUID stock to their portfolio, and 10 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CONNECTIVE CAPITAL MANAGEMENT, LLC added 44,922 shares (+59.1%) to their portfolio in Q3 2025, for an estimated $143,301
- STATE STREET CORP added 24,400 shares (+77.9%) to their portfolio in Q3 2025, for an estimated $77,836
- GEODE CAPITAL MANAGEMENT, LLC added 19,780 shares (+18.7%) to their portfolio in Q3 2025, for an estimated $63,098
- COMERICA BANK removed 19,127 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $61,015
- XTX TOPCO LTD removed 14,578 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $46,503
- TWO SIGMA INVESTMENTS, LP removed 12,926 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $41,233
- UBS GROUP AG added 3,979 shares (+55.6%) to their portfolio in Q4 2025, for an estimated $3,480
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Identity solution scales at more than 5X while delivering exceptional performance at 97% acceptance rate
DENVER, Feb. 05, 2026 (GLOBE NEWSWIRE) -- (Nasdaq: AUID) etc. authID, a leading provider of biometric identity solutions, today announced that a major customer, one of the largest worldwide retailers, is preparing for an expanded rollout of authID’s identity platform after reporting strong operational results.
Global retailers face strong threats from deepfakes, AI hack attempts and advanced ransomware, with cyber criminals often infiltrating these victims through social engineering at the help desk. Many large retailers fell victim to such attacks in 2025, with devastating impacts to payment systems, supply chain, and other operations. According to IBM's Cost of a Data Breach Report 2025, the global average cost of a data breach in the retail industry in 2025 was $3.54M.
Following a recent quarterly review of authID’s biometric identity verification performance on the customer’s site, they reported substantial gains in their ability to onboard new users while denying bad actors.
With authID in place, including its PrivacyKey™ solution for cryptographically verifying identity and protecting user privacy, the customer more than doubled its identity operations compared to the prior quarter, and saw a 112% growth in accounts from net new users.
From Q3 to Q4 of 2025, the customer saw an enrollment increase of 472% for users attaching a biometric to their account, scaling more than 5x while delivering a 97.0% acceptance rate, along with very low abandonment rates.
Most importantly, over 97.9% of users successfully completed biometric verification on the first attempt, minimizing retries and improving overall user experience.
With biometric identity assurance in place, the customer was further protected from some of the most sophisticated spoofing and cyber attacks.
AuthID's Proof™ and PrivacyKey™ solution provided significant improvements in secure user onboarding and throughput which enabled the customer to widen their deployment of authID’s biometric identity assurance solutions to a much wider base.
Specifically the new solution can be rolled out more broadly with confidence, ensuring accuracy, speed, and user engagement. In addition to the solution, authID’s Client Services team worked closely with the customer’s IT organization to measure success factors and look for opportunities to enhance the environment and make it available to additional users.
The original deployment targeted improvements in failed password reset attempts, onboarding and verification rates, while lowering the risks and cost of manual helpdesk interventions.
“In the case of this major retail customer, we’ve been able to provide in just a few short months exceptional scale, efficiency, and user experience improvements, and still we continue to find areas to increase the impact of our platform,” said Rhon Daguro, CEO of authID. “We also pride ourselves on our excellent Client Services team and their ability to help our customers achieve the best results.”
authID’s biometric identity platform leads the industry in its sub-second ability to detect photo spoofing, videos, and deepfakes. The platform ensures that only live humans are presenting themselves for verification, along with authentic physical ID documents. Simultaneously, authID’s PrivacyKey™ solution protects user privacy and complies with regulations personal and biometric data, by storing only cryptographic keys in place of sensitive user data.
When users contact the help desk, they receive a quick prompt on their device, allowing them to verify themselves biometrically. A common target is privileged or administrative accounts, and once compromised they can be used to install ransomware and cripple an organization. authID protects the integrity of these accounts by ensuring the identity of any caller. The process of verifying users takes less than one second.
Account takeover fraud, in which bad actors take control of existing accounts, is a rapidly growing problem, with consumer fraud costs reaching $15.6 billion in 2024 according to a November report from Equifax. The FBI further reports that call center scams cost businesses over $1.9 billion in losses in 2024 alone.
“Our customer realized strong operational upside across multiple regions globally, all the while delivering high completion rates and low operational friction,” added Daguro. “They have been able to observe measurable improvements quarter-over-quarter, validating our exceptional performance. This also shows our strong presence in the retail industry and demonstrates the platform’s ability to support large-scale, global deployments.”
For more information on how authID secures call center operations, visit
https://authid.ai/authid-use-cases/call-center-authentication/
For more information on how authID protects user privacy, visit
https://authid.ai/authid-products/privacykey/
About authID
authID® (Nasdaq: AUID) ensures enterprises “Know Who's Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented, biometric identity platform. authID quickly and accurately verifies a user's identity, to enable only legit users. Leveraging a 1-in-1-billion False Positive Rate for the highest level of assurance, coupled with industry-leading speed and privacy-preserving technology, authID provides the most secure digital identity experience. Its IDX platform secures the distributed workforce of employees, contractors, and vendors, as well as bringing authorization and accountability for AI agents. By creating a biometric root of trust for each user, authID stops fraud at onboarding, prevents account takeover, detects and stops deepfakes, eliminates password risks and costs, and provides the fastest, frictionless, and most accurate user identity experience in the industry. For more information, please visit www.authID.ai .
Investor Relations Contacts
authID Investor Relations
[email protected]