Q5id Declares Victory Against Identity Fraud with Proven Identity Management Solution

BEAVERTON, Ore., Jan. 17, 2020 /PRNewswire/ -- Digital identity theft and fraud is a continuing – and growing – threat to both businesses and consumers. With the plethora of data breaches that keep happening, it is clear no solution has yet been able to get ahead of the problem. The need to protect individual identities has never been higher. Consumers demand it, businesses need it to establish and maintain customer trust, and compliance mandates it. Traditional methods of authentication and verification, passwords, SMS passcodes and knowledge-based authentication are increasingly vulnerable.

Continue Reading

Q5id was founded by Steve Larson, a successful businessperson and entrepreneur with a history of demonstrated success in identity enrollment technologies.

Against this backdrop launches Q5id, a new multi-factor biometric enrollment solution technology that provides an unprecedented level of protection for its users. Q5id and its new Proven Identity Management (PIM) technology is poised to be the toughest combination of biometric and live real-time authentication, reducing the probability of identity theft to one out of trillions. Screened with the latest biometric enrollment and authentication methods, it succeeds in efficiently and effectively proving identity for securing transactions at the highest level.

The Q5id solution is a true win-win for consumers and businesses. It protects individuals at every point, starting by enrolling them into the system by proving their identities and then authenticating future transactions against that identity—something that cannot be stolen or replicated. For businesses, the Q5id solution gives them a way to support their customers by protecting their identities. It also enables companies to prevent the financial and brand damage associated with breaches or other events.

According to the Identity Fraud Study from Javelin Strategy & Research, the number of consumers who were victims of identity fraud was 14.4 million in 2018. The report also found that criminals are improving their attempts to foil authentication processes for mobile phone account takeovers, with victims doubling to 680,000. The Consumer Sentinel Network maintained by the Federal Trade Commission showed consumers reporting losses of $1.48 billion to fraud in 2018. And 2019 brought to the forefront a new scandal in the college admissions bribery event, nicknamed Operation Varsity Blues, highlighting the vulnerabilities in the exam proctoring sector.

Q5id proves that a person's digital identity and real-world identity are the same. This unique enrollment and authentication solution delivers a proven and secure digital identity for everyone. The applications are broad and diverse: financial services, telecommunications, higher education, proctoring and more. Q5id is the only company that truly proves identities; the only solution that includes a live video interview to prove liveness; the only solution that offers the breadth of factors to prove an identity. Many providers use one or two of the factors as Q5id but no other service puts together the end-to-end comprehensive solution that Q5id does.

Q5id was founded by Steve Larson, a successful businessperson and entrepreneur with a history of demonstrated success in identity enrollment technologies. Larson officially launched Q5id in January 2019 and serves as the CEO and Chairman of the Board. In 2001, Mr. Larson founded SureID, Inc., a leading provider of identity management and access control solutions for the Departments of Defense and Homeland Security, serving as Chairman and CEO. In 1987, Mr. Larson founded Unicru, Inc. Unicru was the leader in Human Capital Management (HCM) automation technology and was among Oregon's fastest-growing private companies prior to its acquisition by Kronos, Inc. for $150 million. Steve is recognized locally and nationally for his leadership skills and business expertise. Steve has participated on the boards of several technology companies and has assisted in funding and recruiting executives and board members for other companies.

About Q5id
Q5id's mission is to provide consumers and businesses with the most robust Proven Identity Management solution available. Through a comprehensive, powerful and frictionless biometric enrollment and authentication process, Q5id meets every customer and proves their digital identity is secure, preventing identity theft and fraud. Founded in 2019, Q5id is headquartered in Beaverton, Oregon. Visit www.Q5id.com

Media Contact:
Melissa Taylor
Marketing Director, Q5id
232640@email4pr.com
503.360.4641

SOURCE Q5id

Latest News

Road tripping Thailand: Weekend getaways to beat the crowds

Feb 25, 2020

BANGKOK — Thailand's southern beaches lure travelers with their turquoise water and dramatic limestone cliffs, but there's more to explore in the Southeast Asian country that's one of the world's most popular destinations. For a Thai road less traveled, try one of these getaways outside Bangkok, far from the overly Instagrammed backpacker hotspots or the party scene of Phuket or Pattaya. ___ BAN KRUT FOR THE BEACH BUM In laid-back Ban Krut, travelers will find one of the cleanest and quietest stretches of white sand within driving distance of the capital, Bangkok. This sleepy seaside community, known mostly by locals,...

The Latest: South Carolina congressman: Girding for Dorian

Feb 25, 2020

FREEPORT, Bahamas — The Latest on Hurricane Dorian (all times local): 5:25 p.m. The congressman who represents much of South Carolina's coast says he's doing what he can to make sure his district is prepared as Hurricane Dorian approaches. U.S. Rep. Joe Cunningham told The Associated Press on Wednesday that he's spent days making sure his constituents have the information they need to stay safe. That includes manning informational phone lines and helping an area food bank. Cunningham spoke after touring the U.S. Coast Guard's operations center in North Charleston, South Carolina. This is the Democrat's first hurricane season since...

'We need help': Rescuers in Bahamas face a blasted landscape

Feb 25, 2020

FREEPORT, Bahamas — Rescue crews in the Bahamas fanned out across a blasted landscape of smashed and flooded homes Wednesday, trying to reach drenched and stunned victims of Hurricane Dorian and take the full measure of the disaster. The official death toll stood at seven but was certain to rise. A day after the most powerful hurricane on record ever to hit the country finished mauling the islands of Abaco and Grand Bahama, emergency workers had yet to reach some stricken areas. "Right now there are just a lot of unknowns," Parliament member Iram Lewis said. "We need help." Dorian,...

The Latest: Feds grant North Carolina disaster declaration

Feb 25, 2020

FREEPORT, Bahamas — The Latest on Hurricane Dorian (all times local): 9:45 p.m. The federal government has granted a request for a federal disaster declaration for North Carolina in anticipation of Hurricane Dorian's impact on the state. North Carolina Gov. Roy Cooper requested the federal declaration on Sept. 2. Cooper says North Carolina has faced difficult storms before and is preparing for Hurricane Dorian to track up the Southeast coast this week. Says Cooper: "We're taking every precaution to make sure we're prepared." The governor adds: "I appreciate the support of our federal partners in making sure our state is...

US promotes free and open Indo-Pacific at naval exercise

Feb 25, 2020

SATTAHIP, Thailand — A senior U.S. naval officer underlined Washington's commitment to a free and open Indo-Pacific as the United States on Monday launched its first joint naval exercise with the Association of Southeast Asian Nations. Rear Adm. Kenneth Whitesell spoke at the opening ceremony of the ASEAN-U.S. Maritime Exercise at the Sattahip naval base in eastern Thailand. He said the multilateral exercise demonstrates the U.S. commitment to a free and open Indo-Pacific, which Washington has been promoting to counter China's increasing influence in Asia, including Beijing's territorial claims in the South China Sea. Several Southeast Asian countries contest the...

Diver Haven is brought to you by a team of tech-savvy diving enthusiasts. Diver of all walks of life be it recreational to professional, scuba or freedivers are always welcome.

Contact us: sales[at]diverhaven.com