“LexisNexis Risk Solutions is transforming risk decision making, delivering a comprehensive fraud, identity and authentication solution that recognizes good, returning customers and detects anomalies in behavior of all users to better model future fraud risks”
ATLANTA (PRWEB) October 14, 2020
CyberSecurity Breakthrough, a leading independent market intelligence organization that recognizes the top companies, technologies and products in the global information security market, today announced that LexisNexis® Risk Solutions won the “Overall Fraud Prevention Solution Provider of the Year” award in the fourth annual CyberSecurity Breakthrough Awards program. LexisNexis Risk Solutions provides customers with solutions and decision tools that combine public and industry-speciﬁc content with advanced technology and analytics to assist them in evaluating and predicting risk and enhancing operational efﬁciency.
Award Winning Solution
LexisNexis Risk Solutions delivers a precise view of customer identity risk to help minimize fraud, powered by a full suite of identity verification and authentication services from device fingerprinting and digital identity intelligence to evaluating user-entered details as part of the Know Your Customer onboarding process.
LexisNexis® Behavioral Biometrics layered in with other digital signals from LexisNexis® ThreatMetrix® differentiates between good and bad online behavior and aids optimized fraud prevention. Evaluating email address risk also help businesses quickly detect additional aspects of digital risk associated with consumer transactions. The fraud platform also combines digital identity intelligence with physical identity insights for improved fraud detection.
“Increasingly complex fraud schemes and cyberattacks are combining with an accelerating digital economy to create an extremely challenging business environment,” said Rick Trainor, CEO of the Business Services group within LexisNexis Risk Solutions. “Our solutions are built for this challenging landscape, helping businesses confidently discern between trusted customers and risky or fraudulent activity.”
Kimberly Sutherland, vice president of fraud and identity strategy for LexisNexis Risk Solutions, added, “Our fraud and identity management solutions uniquely combine advanced physical and digital identity insights with cutting-edge assessment and authentication technology to deliver a precise view of customer identity risk. This 2020 CyberSecurity Breakthrough Award serves as a strong testament to the innovation and success in the fraud prevention and risk management space.”
The mission of the CyberSecurity Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of information security categories, including Cloud Security, Threat Detection, Risk Management, Fraud Prevention, Mobile Security, Email Security and many more. This year’s program attracted more than 3,750 nominations from more than 20 different countries throughout the world.
“LexisNexis Risk Solutions is transforming risk decision making, delivering a comprehensive fraud, identity and authentication solution that recognizes good, returning customers and detects anomalies in behavior of all users to better model future fraud risks,” said James Johnson, managing director, CyberSecurity Breakthrough. “LexisNexis Risk Solutions is a pioneering leader in the risk management space, and they continue to innovate new solutions to leverage the power of data and analytics to manage risk and uncover business opportunities. We extend a hearty congratulations to LexisNexis Risk Solutions for breaking through the crowded CyberSecurity space to win our ‘Overall Fraud Prevention Solution Provider of the Year’ award for 2020.”
LexisNexis® Digital Identity Network®
The LexisNexis Risk Solutions Digital Identity Network enables customers to share securely fraud intelligence to combat fraud. Customers across an enterprise within a similar industry or ecosystem and/or geographic region can share negative and positive data attributes to trusted member organizations. Customers are also able to create machine learning models and review model performance through the platform and a clear-box approach helps to attain visibility into factors contributing to risk analysis scores. Meanwhile, flagship models provide for fraud modeling with industry, geography and user case-level fraud risk signals and attributes.
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.
About LexisNexis Risk Solutions
LexisNexis Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information and analytics for professional and business customers across industries. For more information, please visit risk.lexisnexis.com and relx.com.