Mitek announced that it has acquired ID R&D, a provider of artificial intelligence-based voice and face biometrics and liveness detection. Shareholders will be entitled to receive up to $49 million in stock and cash as consideration. Gartner predicts that in only two years, 20% of all successful account takeover attacks will use these technologies. The identity verification market is expected to reach $15.8 billion in the US by 2025, according to a report by Markets and Markets.
Source: https://www.helpnetsecurity.com/2021/06/02/mitek-id-rd/