LexisNexis Announces New Identity Access Management Solution Suite to Help U.S. Insurers Minimize Cybersecurity Risk and Elevate the Customer Experience
LexisNexis® ID Compass Platform is a suite of integrated IAM products that deliver identity verification and authentication, which can help carriers avoid unnecessary risk and elevate the consumer experience by identifying and fast tracking genuine consumers while creating more friction for "bad actors". This helps carriers to make better decisions in their workflow and defend themselves and their customers from cybercriminals and potential fraud.
ID Compass uses LexisNexis proprietary linking technology and the LexID® unique identifier to help resolve, match and manage information for a more accurate view of more than 282 million
Insurance carriers face the constant threat of security attacks from online consumer interactions, including identity theft, phishing, smishing, malware and bot attacks. The ID Compass Platform can identify and thwart attacks by analyzing millions of transactions in near real-time across billions of devices. When individuals are verified and identified as trustworthy, their online experience can become more frictionless and seamless.
"As consumers gravitate toward digital interactions, it is critical for insurers to defend their online businesses while keeping data secure and their customers' information safe. Our ID Compass Platform gives customers a solution to help detect and prevent unscrupulous online behavior without compromising consumer experience," said
LexisNexis® ID Compass integrated suite of solutions includes:
- LexisNexis® Threat Metrix®, which analyzes millions of transactions in near real-time across billions of devices for thousands of global digital businesses.
- LexisNexis® InstantID®, which returns an index summarizing the level of verification, potential risk indicators and additional information to enhance our customers' due diligence efforts.
- LexisNexis® Phone Finder, which combines authoritative phone content with a large repository of identity information to deliver relevant, rank ordered-connections between phones and identities.
- LexisNexis® One Time Password, which sends a simple alphanumeric authentication code via email, text or voice to a device in the consumer's possession.
- LexisNexis® InstantID® Q&A -- a near real-time, interactive knowledge-based authentication technology that verifies a customer is who s/he claims to be. InstantID Q&A generates an interactive, multiple-choice knowledge-based questionnaire using more than thirty (30) years of unique identifiers, such as property, telephone and address history.
To learn more about the LexisNexis ID Compass Platform, visit Insurance Identity Access Management.
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