LexisNexis Risk Solutions has been awarded best in class for Fraud Protection and Threat Intelligence during Security Today’s 2020 CyberSecured Awards, the company reported on Wednesday. The company received recognition for its LexisNexis ThreatMetrix product, an enterprise solution for digital identity intelligence and digital authentication to inform risk decisions.
“By combining digital identity insights with leading analytic technology and embedded machine learning, LexisNexis Risk Solutions fraud prevention tools unify decision analytics across the citizen and employee journey,” said Monty Faidley, vice president of products and analytics for the Government group of LexisNexis Risk Solutions.
LexisNexis ThreatMetrix, a dynamic, end-to-end decision platform, has connected businesses and government agencies to machine learning threat intelligence. The company’s solution has enabled its customers to understand the digital identity of users to better recognize suspicious behavior in near real time.
Additionally, ThreatMetrix’s findings have enabled informed trust and identity decisions. The solution also has also increased transaction efficiency, while maximizing critical fraud defenses and cybersecurity risk management processes.
LexisNexis Risk Solutions acquired ThreatMetrix in 2018. The company launched LexisNexis ThreatMetrix in 2019, leveraging digital identity insights from ThreatMetrix and analytic technology as well as embedded machine learning from LexisNexis Risk Solutions.
LexisNexis ThreatMetrix was developed to create a fraud prevention solution that increases conversions, maximizes revenue, improves transaction security, refines personalization, minimizes friction and reduces false positives.
“Today’s fraudsters are experts at avoiding detection,” added Faidley. “The lack of threat detection today is slowing the distribution of critical benefit payments to the appropriate people in need and exposing an agency to increased fraud. Adding real-time, seamless security doesn’t have to produce unwanted friction for users.”
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-based analytics and decision tools for professional and business customers.
