ZeroKey

Did you know that in 2022, fraudulent transactions caused by phishing and data breaches led to a financial loss of 3.9 billion USD for the financial industry only in the USA? 

Additionally, each dollar lost to a fraudster translates to a financial burden of $4.41 for North America's financial institutions. Consequently, a $1000 fraud transaction represents a staggering cost of $4410 for FIs.₁

ZeroKey revolutionizes payment security by converting sensitive credit card data into unbreachable Zero-Knowledge proofs. This innovative approach ensures that e-commerce platforms no longer need to store sensitive information, fully reducing the risk of data breaches and later usage of credit card information for fraudulent transactions. Moreover, ZeroKey combats phishing by generating domain-specific and user-specific proofs that can only be used exclusively on preloaded sites. Payment processors purchase our solution to implement it, providing them with an extra layer of security and making online transactions safer for consumers and businesses. Partnering with the PCI SSC standards, ZeroKey enhances the security of financial transactions and builds trust in digital commerce, fostering a safer online ecosystem for everyone. 

Aside from filoshopping, the financial industry, especially the banks, will save millions of USD annually thanks to reduction of credit card fraud transactions caused by phishing and data breaches. 

Video https://youtu.be/EdXDX38iFGQ