What’s the value of an established identity?

Cybercrime alone is expected to cost $2 trillion globally this year. As well as direct losses, there are associated expenses with remediating the damage, recovering lost data, the loss of customer goodwill and potential penalties from regulators. The cost is so great, that 60% of businesses that suffer a cyberattack collapse within six months.

More than half of Australian businesses have been impacted by a cybersecurity incident. So it’s a widespread problem that’s becoming increasingly important, particularly given the incremental rise in mobile and remote work practices.

A verified identity that is strongly secured can prevent a majority of both cyber and physical security attacks – and therefore any subsequent losses. This makes identity certainty an incredibly valuable resource.

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