authID partners with MajorKey to enhance workforce verification and combat AI-driven hiring fraud for a major global retailer.
Quiver AI Summary
authID, a leader in biometric identity verification, announced a new partnership with MajorKey Technologies to provide secure identity verification for a global personal care retailer generating over $6 billion in annual sales. This collaboration aims to combat the rising threats of AI-driven hiring fraud and impersonation, as organizations increasingly face risks from synthetic identities and deepfakes. The solution includes high-assurance identity verification for onboarding employees and contractors who require privileged access to IT systems, integrating seamlessly with other enterprise platforms. Rhon Daguro, CEO of authID, emphasized the necessity of robust identity verification in modern hiring processes to prevent fraud while maintaining user privacy. This deployment enhances authID's presence in the retail sector and showcases its capabilities in workforce verification amid growing digital security challenges.
Potential Positives
- authID secures a significant partnership with a global retailer exceeding $6B in annual sales, highlighting the company’s strength in workforce verification.
- The partnership addresses critical security challenges posed by AI-driven hiring fraud, offering tailored solutions to mitigate insider threats.
- The integration of authID's biometric verification with MajorKey’s identity solutions demonstrates the company's commitment to innovation and maintaining high privacy standards while enhancing operational efficiency.
- This customer win reinforces authID's market presence in the retail industry and positions it as a key player in the growing global digital authentication market, projected to exceed $20 billion by 2032.
Potential Negatives
- The press release highlights a significant dependence on third-party contractors and offshore users, suggesting potential vulnerabilities in the company's security framework that could expose it to insider threats and hiring fraud.
- Despite the announcement of a new customer win, the press release underscores the increasing prevalence of AI-driven hiring fraud and impersonation attacks, indicating that the need for their services is driven by a rising threat landscape rather than ongoing stability.
- The mention of multimillion-dollar fraud cases, including those involving state-sponsored actors, may raise concerns regarding the company’s ability to fully mitigate such high-level risks in the hiring process.
FAQ
What is authID's role in workforce verification?
authID provides biometric identity verification solutions to secure employee and contractor identities, enhancing corporate IT system access control.
How does authID help prevent AI-driven hiring fraud?
authID combines biometric technology to verify identities, thereby reducing risks associated with AI-generated impostors and fraudulent candidates.
What technology does MajorKey offer in the partnership with authID?
MajorKey offers IDProof+, powered by authID Proof™, for privileged contractor onboarding and remote candidate verification, enhancing security in hiring processes.
Why is stopping hiring fraud critical for businesses?
Hiring fraud poses significant security threats and can result in financial losses, impacting business integrity and overall operations.
What are the benefits of authID's biometric verification technology?
authID's technology ensures high accuracy, speed, privacy compliance, and seamless integration with existing systems to enhance user identity verification.
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
New customer win underscores authID’s leadership in workforce verification and stopping AI-driven hiring fraud across global enterprises
Denver, Jan. 29, 2026 (GLOBE NEWSWIRE) -- authID (Nasdaq: AUID), a leading provider of biometric identity verification and authentication solutions, today announced that a global retailer of personal care products with more than $6B in annual sales has selected authID and technology partner MajorKey, an identity security organization and certified Microsoft services provider, to secure employee and contractor identity verification and protect privileged access to corporate IT systems for users from multiple third-party contractors across several countries.
Addressing the Growing Risk of Hiring Fraud and AI-Generated Impostors
With the onslaught of AI-generated profiles, state-sponsored fakes, and fraudsters posing as candidates, organizations find themselves facing an expanding landscape of insider threats. Deepfakes, synthetic identities, state-sponsored fraudsters, and credential theft are increasingly used to spoof credentials and infiltrate corporate networks, particularly through privileged access roles.
It is estimated that US businesses lose up to $600 billion annually to resume fraud. At a granular level, a single fraudulent hire can cost a company in the tens of thousands, but there are larger occurrences as well. Less than three years ago, the US Department of Justice seized millions in crypto and NFTs taken by North Korean IT workers who had acquired jobs at US and European companies by using fake credentials.
For this global personal care retailer, the risk was amplified by a large population of offshore and third-party users, many with privileged access, combined with strict privacy requirements and global compliance obligations.
The Solution to Rampant and Sophisticated Candidate Fraud
With this worldwide surge in fraudulent candidates, smart companies are intensely focused on the integrity of the hiring and onboarding process. They can accomplish this by using three tools: accurate biometric identity verification, fast and precise biometric authentication, and solutions that integrate out of the box with legacy systems.
This retailer will deploy the combined authID and MajorKey solution for high-assurance identity verification to onboard employees, as well as off-shore contractors and third-party partners with elevated access rights. This new customer win underscores the continued momentum of authID’s workforce-verification business and validates the company’s ability to stop imposters, bad actors, and AI-generated deepfakes from gaining access to sensitive systems.
Together, authID and MajorKey solve for attempted candidate fraud through:
- Superior technology - The solution stops the persistent threat of impersonation attacks, combining selfie and document verification with layered defenses against deepfakes, injection attacks, and synthetic identity techniques, blocking fraudulent access attempts in real time. It also provides high-assurance, remote identity proofing and onboarding without manual intervention.
- Fast and accurate user experience – User adoption requires optimal throughput and precision, which the solution delivers through an intuitive and highly performant interface.
-
Enterprise-Ready
– Designed for enterprise environments, the solution integrates seamlessly with a large variety of commercial applications, including the retailer’s chosen platforms, CyberArk and Microsoft Entra, where MajorKey provides deep implementation and services expertise.
The combined solution delivers these values in parallel with the highest privacy and compliance standards. By generating cryptographic keys from captured images, authID stores no biometric data, thereby protecting user privacy and complying with data storage regulations across the globe.
“Hiring fraud is no longer a hypothetical risk, it’s a clear and present threat to enterprise security,” said
Rhon Daguro, CEO of authID
. “By combining authID’s privacy-preserving biometric verification with MajorKey’s deep identity and access management expertise for the workforce, this customer is establishing a scalable, high-assurance onboarding model that protects critical systems without compromising user privacy or operational efficiency.”
Supporting Secure Onboarding and Privileged Access
The retailer will deploy MajorKey’s IDProof+ , powered by authID Proof™, for:
- Privileged contractor onboarding , enabling the retailer to verify offshore and third-party contractors, many of whom require elevated permissions, before granting access to critical systems and privileged access resources.
- Remote candidate verification , ensuring that the individual interviewing and onboarding remotely is the same person authorized for hire, reducing exposure to impersonation and AI-driven hiring fraud.
“We’re excited to work with MajorKey as our implementation partner for delivering end-to-end identity integration and aligning the solution with the retailer’s existing Microsoft Entra and CyberArk environments,” Daguro added. “Our clients trust in the fact that our work has been validated by large global organizations in retail, services, staffing, and manufacturing. The global digital authentication market is somewhere around $20 billion, and will likely far more than double by 2032. We will continue to demonstrate in that market the extreme value of our biometric identity verification.”
The post-Covid workforce continues to rely on distributed, remote resources, requiring superior solutions that continue to evolve with identity threats, while enforcing user privacy requirements to accommodate users and conform to government and industry regulations. As this latest deployment goes live, authID broadens its already strong market presence in the retail industry as well as the workforce onboarding arena, positioning itself as an indispensable provider of trust in modern hiring and access workflows.
About authID Inc.
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. Our 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]
About MajorKey
MajorKey Technologies is a leading identity security partner trusted by public and private sector clients to simplify and secure complex IT environments. With expertise in end-to-end identity and information security, and as a Certified Services and Integration Partner for Microsoft Entra Suite—enhanced by the acquisition of Oxford Computer Group-US, an eight-time Microsoft Partner of the Year—MajorKey delivers advisory, integration, and managed services through skilled global teams. Backed by top-tier partnerships with CyberArk, Microsoft, Ping Identity, SailPoint, and Saviynt, MajorKey empowers organizations of all sizes to transform identity complexity into strategic value, delivering robust authentication and governance solutions that ensure long-term secure growth. For more information, visit
www.majorkeytech.com
and follow MajorKey on
LinkedIn
.