authID shares surge 15.73% after-hours after securing global retailer contract with MajorKey for identity verification solutions.

authID Inc. surged 15.73% in after-hours trading following the announcement of a partnership with a global personal care retailer generating over $6 billion in annual sales. The collaboration, alongside technology partner MajorKey, involves deploying biometric identity verification and authentication solutions to secure employee and contractor onboarding, combat AI-driven hiring fraud, and protect privileged access to corporate systems. The retailer’s adoption of authID’s technology underscores its leadership in workforce verification amid rising threats from synthetic identities and deepfakes. The partnership highlights authID’s ability to address critical cybersecurity gaps in distributed workforces, reinforcing its market position in the $20 billion digital authentication sector. This new contract, coupled with the retailer’s strict compliance requirements and global scale, validates authID’s solutions as a scalable, privacy-preserving framework, driving investor optimism about its growth trajectory.