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Stock impact report

AU10TIX Selected by FreightValidate to Strengthen Freight Industry Security and Boost Efficiency [Yahoo! Finance]

ICTS INTL NV (ICTSF) 
NASDAQ:AMEX Investor Relations: ictsintl.com/investors/annual-reports
Company Research Source: Yahoo! Finance
TEL AVIV, Israel Dec. 10, 2024 /PRNewswire/ AU10TIX , a global leader in identity verification and management, today announced its technology has been implemented by FreightValidate , a prominent freight industry verification platform. FreightValidate aims to reduce cargo theft incidents, directly addressing a problem that costs the US economy up to $35 billion annually. The freight industry has been grappling with an unprecedented surge in fraud , with cargo theft a primary concern. Fraudulent carriers often impersonate legitimate ones, leading to stolen or ransomed freight. The National Insurance Crime Bureau reports that the average value of stolen cargo per incident ranges from to AU10TIX's identity verification platform forms the cornerstone of an enhanced vetting process for freight industry professionals. This advanced solution enables real-time biometric and document verification, coupled with AI-driven fraud detection capabilities. The platform's seamless API integration Show less Read more
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