The company 1Kosmos, based out of the United States, already in India, and provides cyber security solutions and passwordless authentication, has found Hitachi Systems Microclinic, IT group from the city to be their new partner for Hyderabad operations.
While many companies are continuing to work remotely, and remote working is likely to be a part of all work processes in the future, the risk of identity fraud is predicted to increase by 80%. The aim of 1Kosmos, through their partnership with Hitachi, will be to introduce government-backed verifications for organizations along with tightening identity proof and mitigating onboarding fraud. Siddharth Gandhi, COO, Asia Pacific of 1Kosmos, has explained the high rate of cybercrimes in India and indicated how only 5% of companies have invested in their organization's cyber security.
1Kosmos extensively focuses on eliminating identity fraud that constitutes most cybercrime cases and uses all the tools to create the best experience for people to stop this fraud with ease and is working now security tools and is working to prove passwords and simpler authentications to be obsolete. Associated with 1Kosmos, Hitachi Micro Systems have expressed how Hyderabad is the land of opportunities. Everything that can be a game-changer in technology is supported with high returns and promising growth to the company.