It’s a Three-peat! Zumigo Wins CyberSecurity Breakthrough Awards Third Year in a Row; Nabs “Transaction Security Solution of the Year” Title

Industry-Unique Identity Intelligence Platform Simplifies Merchant Access to Fraud Prevention Solution With the Ability to Build Onboarding, Checkout Workflows

SAN JOSE, Calif.--(BUSINESS WIRE)--Zumigo, Inc., the leader in digital identity verification and authentication, today announced that its flagship e-commerce solution Zumigo DeRiskify has won the Transaction Security Solution of the Year award in the 9^th annual CyberSecurity Breakthrough Awards program. Conducted by CyberSecurity Breakthrough, an independent market intelligence organization, the annual program recognizes the most innovative companies, products, and technologies driving progress in the global information security industry.

Zumigo DeRiskify, the only fraud prevention solution in the market that allows a business to assess the risk of transactions while offering a more secure, less friction way of onboarding and authenticating a customer, is evolving the way merchants can leverage verification workflows.

Via a widget low-code/no-code platform, businesses can now easily create the onboarding and authentication workflow from a visual interface with a menu of services. The platform offers a dashboard that includes key verification metrics, event log, device fingerprinting intelligence, support, and billing, etc.—giving users everything they need at their fingertips.

“We have shown that our unique approach helps merchants increase conversion rate while reducing fraud. Our goal is to make our unique combination of order risk assessment and passwordless sign-up solution even more accessible to businesses of all sizes across all industries to fight rising fraud,” said Chirag Bakshi, CEO of Zumigo. “With our widget platform, businesses can reduce the time it takes for a new deployment of their transaction risk assessment—from weeks to under an hour. This workflow can be embedded in custom storefronts or hosted by Zumigo, depending on business needs. This award is an acknowledgement of our approach.”

Zumigo DeRiskify has been in the market since 2022. It helps merchants prevent fraud and chargebacks by assessing the risk of transaction by validating account, payment and device information. It also offers a passwordless log-in option after completing enrollment to reduce customer friction and increase conversion.

In addition to being available on the widget platform, Zumigo DeRiskify is also available as a plug-and-play app on Shopify and BigCommerce; integration via API with any custom e-commerce store; or via Zumigo-hosted portal for manual ad hoc risk assessments.

The mission of the CyberSecurity Breakthrough Awards is to celebrate excellence and spotlight breakthrough innovation driving the global cybersecurity industry forward. Covering a wide range of categories – including Cloud Security, Threat Intelligence, Risk Management, Fraud Prevention, Mobile Security, Application Security, Identity Management, and more – the annual program highlights the solutions and organizations redefining how we safeguard the digital world.

The 2025 awards program received thousands of nominations from more than 20 countries around the world, representing everything from disruptive startups to established global enterprises. This year’s winners embody the cutting edge of cybersecurity technology, delivering next-generation protection and resilience in today’s increasingly complex threat landscape.

“Zumigo DeRiskify provides a comprehensive security and fraud prevention suite for e-commerce merchants that is easily deployed. Online payment fraud is going to cost merchants even more revenue in the next five years, with the most common type of fraud involving stolen credentials being used to gain access to customer accounts. Most existing fraud detection tools fail to prevent this,” said Steve Johansson, managing director, CyberSecurity Breakthrough. “Zumigo DeRiskify protects merchants from fraud, eliminates chargebacks, and streamlines customer experience. With this platform, businesses can reduce the time-to-value for a new deployment of their transaction risk assessment.”

This is the third year Zumigo DeRiskify has won a CyberSecurity Breakthrough award. Last year, Zumigo won the Fraud Prevention Innovation of the Year award. In 2023, Zumigo won the e-Commerce Solution of the Year award.

About CyberSecurity Breakthrough

Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the CyberSecurity Breakthrough Awards program is devoted to honoring excellence in information security and cybersecurity technology companies, products and people. The CyberSecurity Breakthrough Awards provide a platform for public recognition around the achievements of breakthrough information security companies and products in categories including Cloud Security, Threat Detection, Risk Management, Fraud Prevention, Mobile Security, Web and Email Security, UTM, Firewall and more. For more information visit CyberSecurityBreakthrough.com.

Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.

About Zumigo

Zumigo powers digital identity verification in the world’s largest enterprises to protect transactions, accounts and trust, using real-time intelligence across mobile, email, device, financial, account, and other information sources. Its modernized, multi-layer approach fortifies the identity perimeter against today’s complex fraud and promises a streamlined consumer journey from onboarding to transactions. Zumigo supports over 800 mobile operators, verifying over 4.5 billion mobile numbers globally with services reaching 180 countries. Learn more at www.zumigo.com.

Zumigo and Zumigo DeRiskify are registered trademarks of Zumigo, Inc.