authID Expands OEM Deal with MajorKey to Combat Account Takeover Fraud
Event summary
- authID and MajorKey Technologies expanded their partnership via an OEM agreement on July 28, 2026.
- MajorKey will embed authID’s Verified™, PrivacyKey™, and Proof™ technologies into its identity security portfolio.
- The deal extends biometric identity verification to new use cases including workforce onboarding, account recovery, and help desk security.
- U.S. losses from account takeover fraud exceeded $15.6 billion in 2024, up 36% year-over-year.
The big picture
As AI-driven social engineering attacks surge, enterprises are prioritizing high-assurance identity verification without compromising user privacy. The $15.6 billion in U.S. losses from account takeover fraud in 2024 underscores the urgency for solutions like authID’s PrivacyKey™ and Verified™, which MajorKey will now embed across its portfolio. This expansion positions both companies to capitalize on growing demand for secure identity lifecycle management.
What we're watching
- Market Adoption
- How quickly MajorKey can integrate authID’s technologies into its broader customer base.
- Fraud Trends
- Whether the rise in AI-powered social engineering attacks will accelerate demand for privacy-preserving biometric solutions.
- Competitive Dynamics
- The pace at which competitors respond with similar OEM partnerships to combat account takeover fraud.
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