CORDIS Project
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Authenteq is creating a fully automated identity verification service using blockchain technology. This system aims to streamline the 'Know Your Customer' process for online businesses, enhancing security and efficiency while protecting user data from breaches.
Online identity theft / fraud due to database breaches, phishing or malware is a global issue with huge costs.
In the first half of 2017, 1.9 billion records were stolen worldwide – up 164% compared to the last six months of 2016 – costing on average €3.1 million per breach.
After these hacks, fraudsters use the stolen data to impersonate their victims online in a few hours.Online businesses try to shield themselves from the use of stolen or fraudulent IDs by requesting documents to their custom…
Partner organizations (coordinator is shown above), with normalized type and CORDIS activity type. Guests see up to 4 partners.
Germany, Berlin
Type: SME
Activity type: Private for-profit entities (excluding Higher or Secondary Education Establishments)
SME: Yes
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