Incode’s acquisition of Identiq, a Tel Aviv-based startup that raised more than $50 million to develop patented cryptographic technology for peer-to-peer IDV signal sharing, establishes what Incode calls a privacy-first, decentralized fraud prevention network as part of a $100 million commitment to privacy-preserving identity infrastructure. The deal addresses a critical and accelerating threat: Incode’s data shows AI-agent fraud attempts have leaped from 3% of total fraud volume in 2024 to 40% in Q1 2026, with projections exceeding 90% within 18 months. The combined architecture, AI-native IDV, on-device processing, and now cryptographic peer-to-peer data collaboration, allows institutions to pool fraud intelligence without centralizing sensitive customer data into a high-value attack surface.
Incode Acquires Identiq to Establish Privacy-First Fraud Prevention Network
