Trust Stamp has been granted a notice of allowance by the USPTO for its Non-Provisional Patent Application, focusing on multifactor authentication and identification. CEO Gareth N. Genner highlighted the $47B cost of identity fraud in 2024, with $15.6B from account takeover fraud and $6.2B from new account fraud. The company’s use of anonymized data from historic attacks in algorithms helps identify future attacks. Trust Stamp, a global provider of AI services, aims to reduce fraud, secure data, and enhance operational efficiency. Trading on Nasdaq (IDAI), the company’s advanced solutions support secure financial inclusion and global user outreach.

Read more at GlobeNewswire: Trust Stamp announces allowance by the United States Patent