Mickey Boodaei steps down as Transmit Security CEO after 12 years. Matt Thompson, the former Socure president and ID.me co-founder, takes over day-to-day leadership as Boodaei moves into the role of chairman to focus on product strategy and the security challenges posed by AI agents. 21:46, 19.10.26 Mickey Boodaei, the Israeli cybersecurity entrepreneur who co-founded Transmit Security in 2014 and led it from day one, is stepping down as CEO and becoming chairman, handing day-to-day leadership to Matt Thompson, the former president of identity verification company Socure and co-founder of ID.me. Boodaei will remain actively involved in the company, focusing on product vision, strategy and its efforts to secure AI agents. Boodaei built Transmit alongside co-founder Rakesh Loonkar after a career that included helping build Imperva and co-founding Trusteer, a fraud-prevention company sold to IBM in 2013. The pair initially financed Transmit themselves, avoiding outside investors for years as they developed a platform designed to simplify customer authentication and identity management. That approach culminated in 2021, when Transmit raised $543 million in a Series A round at a $2.2 billion valuation, then one of the largest funding rounds in Israeli cybersecurity history. Much of the money went to existing shareholders and employees rather than into the company itself. Boodaei had previously described Transmit as a long-term project rather than a company he was building to sell. In a 2022 interview with Calcalist, he rejected the suggestion that he was preparing the business for an exit, saying, "Selling is 'I got tired'. I'm far from that." He described the company's development as what motivated him to get up in the morning, adding that it had become "such a part of my life." The change marks a shift in Boodaei's responsibilities rather than an exit from the company. In a LinkedIn post announcing Thompson's appointment, Boodaei said Transmit had been working for a long time to bring the new CEO on board. He described Thompson as someone who understands the industry and its customers and has the experience to turn a major opportunity into reality. Boodaei's LinkedIn profile now lists him as chairman of Transmit Security, while his post says he will continue to focus on product vision, strategy and the company's transformation for an era of AI agents. Thompson's appointment comes as Transmit seeks to build on its identity-security business while addressing the emerging challenge of AI agents carrying out transactions on behalf of people. The company is introducing Agentic Trust, a product designed to help businesses identify AI agents accessing their digital services, understand their activity and determine what they should be allowed to do. The problem is becoming more pressing as AI assistants move beyond answering questions and begin carrying out tasks such as purchases, account openings and money transfers. These agents may use valid customer credentials, making them difficult to distinguish from the people they represent or from malicious activity using compromised accounts. Security systems built around the distinction between human users and automated bots may struggle to determine whether an agent is authorized to act and how much access it should receive. Transmit's proposed approach is to detect agent traffic, classify the software involved, investigate its capabilities and govern its permissions. Businesses would be able to allow an agent to proceed, restrict its actions, pause a transaction for customer approval or block it. The company says the system is intended to work across online channels, including cases in which agents do not explicitly identify themselves. Boodaei said the transition comes at a moment when AI assistants are changing how people interact with banks, retailers, insurers and other businesses. As applications increasingly serve customers through agents acting on their behalf, he argued, identity, fraud prevention and security need to evolve. He said he would continue to support the company while focusing on its product direction and strategic transformation. Thompson brings experience in identity verification and financial services to the role. He most recently served as president and chief commercial officer at Socure, where he helped grow the business by more than 500% over five years, according to Transmit. He also co-founded ID.me and held identity-related roles at Capital One and IDEMIA. Before entering the technology industry, he served for more than a decade in the U.S. Army, including four combat deployments and service as a Special Operations officer.

Transmit Security has appointed Matt Thompson as chief executive officer. Thompson is a former Socure president and ID.me co-founder. The company also launched Agentic Trust, a product to detect, investigate and control AI agents that act for customers at banks and merchants. These agents open accounts, move funds and make purchases with valid credentials, which lets them slip past existing fraud and security defences. Agentic Trust works in sequence: it detects agent traffic, classifies the agent and its aims, and investigates its activity. Companies can then allow, limit or stop each agent, or hold risky actions for customer approval. At Socure, Thompson helped grow the business more than 500% over five years.

Matt Thompson takes Transmit helm as AI agent risks grow. Thompson Says Banks Must Move Beyond Blanket Blocks on Autonomous AI Agents Michael Novinson (MichaelNovinson) - October 19, 2026 Transmit Security selected Socure President Matt Thompson as its next CEO and tasked him with building infrastructure to manage autonomous artificial intelligence agent traffic. The Tel Aviv, Israel, customer identity and access management provider wants Thompson to move it from a human identity orchestration to building foundational agent trust infrastructure. Thompson said Transmit will expand beyond its core base of large financial enterprises into the mid-market by streamlining implementation and adopting self-service models. "This is a time in the market where everyone is being hit by agents and needing to figure out, in a good way and in a bad way, how to manage that because allowing anything and blocking everything is just not going to be possible for businesses to continue to grow and protect their customers and their enterprises," Thompson told ISMG. Thompson spent more than five years at Socure, where he helped the Nevada identity and risk intelligence vendor grow the business by more than 500%. Transmit focuses on orchestrating identities across applications and managing authorization after login, while Socure focuses on onboarding, first-time identity verification, and validating identity-data changes (see: Socure Secures $156M, Buys Fravity to Automate Fraud Reviews). Why banks can't just van agents. Thompson replaces Mickey Boodaei, who led the company since helping establish it in October 2014. He will remain involved as chairman of Transmit's board and involved day to day in implementing product strategy, while Thompson said he will take a larger role in shaping product strategy and setting priorities across the organization. "I see us providing foundational infrastructure for organizations to have visibility of what traffic is human traffic versus agent traffic," Thompson said. "That's kind of basic. Even as basic as it seems, it's a lot harder in practice." AI agents are actively executing tasks inside applications, and Thompson said the blanketed blocking policies in place at many financial institutions today are unsustainable long-term. Legitimate agent use cases are rapidly growing. AI agents are more iterative, adaptable, and persistent than humans, which Thompson said requires dedicated security controls and customized user journeys. "This isn't a tomorrow problem," Thompson said. "This is a yesterday problem for organizations to figure out, and a lot of them recognize they're behind. So they need a partner that's not just marketing that they can do things. They need a partner with real tech that can come in and start helping them identify and solve this and secure this problem today." Thompson said Transmit can differentiate human versus agent traffic, govern agent authorization, and enforce human-in-the-loop or human-on-the-loop verification during high-risk actions like initiating wire transfers or executing trades. He said Transmit possesses live, production-ready agent trust technology deployed at major financial institutions, separating them from competitors with market-only claims. "The agent trust infrastructure that we're providing to organizations not only helps with the security controls and risk management within the application, but it also will help enforce the human in the loop and the human on the loop protocols for organizations to make sure that agents are authorized to do things by humans where necessary," Thompson said. Why Transmit wants to expand beyond financial services. Financial institutions, investment-management platforms, and insurers face high near-term risk because customer applications can enable agents to access retirement accounts, make trades, or move money, Thompson said. Legitimate agents are growing in number and capability, and Thompson said agents continue to get through despite stated blocking efforts at many banks. "Banks are moving toward a posture of blocking everything, and they just can't do that forever," Thompson said. "They know that they need to figure this out because there are good agents, and the use of agents and the types of agents that humans can use to operate on their behalf is growing rapidly, and so they can't just block them forever." Thompson wants to expand Transmit's platform beyond large banking, insurance, and telecom providers into mid-market and broader industry segments by lowering onboarding friction and implementing self-serve capabilities. Customer identity puts emphasis on usability and experience, he said, but agentic security requires stringent controls across both enterprise workforce and customer-facing apps. "I want to help the company serve more industries and more of the medium and smaller business markets as well, because they all need this same kind of capability that Transmit offers," Thompson said. Thompson said he will closely track capital-efficient business growth, customer retention, net dollar retention, employee net promoter score, employee engagement and employee retention to measure customer success, partnership health, and organizational culture health. Thompson said he seeks to balance top-line capital efficiency with customer retention metrics and internal organizational health. "I spent the first decade of my career as an Army special operations officer in Iraq and Afghanistan. So about half of that time of my service in combat, fighting a very networked and persistent adversary in the Taliban, ISIS, Al Qaeda," Thompson said. I'm the kind of leader that marches toward the gunfire, and so I'm very much going to be leading Transmit into the hard stuff to help solve these problems."