ATLANTA, Oct. 24, 2025 (GLOBE NEWSWIRE) — Trust Stamp (Nasdaq: IDAI) announced that the United States Patent and Trademark Office (“USPTO”) has issued a notice of allowance in respect of Non-Provisional Patent Application No. 18/145,470 entitled: Systems and Processes for Multifactor Authentication and Identification. The patent application covers proprietary techniques that utilize anonymized data from historic attacks to identify attacks in future transactions.
Gareth N. Genner, Chief Executive Officer of Trust Stamp, commented, “Identity fraud and related scams cost American consumers an estimated $47B in 2024 including an estimated $15.6 billion from account takeover fraud and an estimated $6.2 billion from new account fraud. Through our work with leading financial institutions, we see attack vectors in real-time and can now incorporate anonymized data derived from historic attacks into algorithms that flag future attacks. The growth in the volume and sophistication of the attacks is fueled by the use of Generative AI and it is critical for the defenses against such attacks to be constantly refined at an equal or greater pace.”
For more information about Trust Stamp and its initiatives, visit http://www.truststamp.ai.
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About Trust Stamp
Trust Stamp is a global provider of AI-powered services for use in multiple sectors, including banking and finance, regulatory compliance, government, healthcare, real estate, communications, and humanitarian services. Its technology empowers organizations via advanced solutions that reduce fraud, tokenize and secure data, securely authenticate users while protecting personal privacy, reduce friction in digital transactions, and increase operational efficiency, enabling customers to accelerate secure financial inclusion and reach and serve a broader base of users worldwide.
With team members from twenty-two nationalities in eight countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI).
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