Following a $394 million Series D financing round earlier this summer to build the foundation for global financial inclusion, global identity verification leader Trulioo is strengthening pathways to create a more inclusive and trust-oriented digital economy.
With the ability to verify 5 billion consumers and 330 million business entities worldwide, Trulioo has identified a new type of compliance, risk and IT security leader within companies, the ‘Champion of Trust,’ as a rising force of innovation.
Newly released research from Trulioo defines the traits of this ‘Champion of Trust’ professional — and explores pathways to empower more compliance, risk and IT security professionals to step into this role.
“Champions of Trust possess the skills, vision and commitment to use digital identity as a tool for positive change over the coming years,” commended Steve Munford, CEO at Trulioo. “Organizations will increasingly rely on these leaders to navigate the practicalities of accelerating risk, fraud, and cybercrime while creating a safe, inclusive, and sustainable digital ecosystem.”
Currently, only 15% of all compliance, risk and IT security professionals are operating as Champions of Trust, yet 73% believe it is extremely important that organizations develop more Champions of Trust in the next two years in order to build online trust against the backdrop of accelerating cybercrime and fraud risks.
Digital identity has emerged over the last two years as a key strategic imperative for businesses, with 87% of compliance, risk and IT security professionals reporting that it has become more important to their organization as a result of the pandemic.
The research is presented in a new white paper published today, Champions of Trust: A new generation of leadership for a digital-first world. The research was conducted across 16 countries globally, among more than 400 compliance, risk and IT security professionals, across business functions, in a wide range of industries.