ID Analytics Hosts Webinar on Use of Risk-Based Identity Proofing

ID Analytics, the leader in on-demand identity intelligence, today
announced the publication of its latest whitepaper, "Risk-Based Identity
Proofing: The Key to Vetting Identities Online." ID Analytics’ Thomas
Oscherwitz, chief privacy officer and vice president, Government
Affairs, and Dr. Stephen Coggeshall, the company’s chief technology
officer, hosted a webinar Tuesday to discuss risk-based identity
proofing, a new approach to verifying consumer identities that enhances
the security around web-based government services while minimizing
inconvenience to the user.

According to the Federal Chief Information Officer (CIO)
Council, the need for effective cybersecurity is at an all time high and
identity management is a "key enabler" to respond to the cyber threat.
Similarly, a recent Government Accountability Office (GAO) study found
most agencies lack the necessary user identification and authentication
controls to prevent unauthorized access to federal information
technology networks, systems and data.

Today, ID Analytics’ identity fraud technology is the leading
solution for assessing identity fraud risk among Fortune 100 financial
institutions, telecommunications providers and retailers. ID Analytics’
technical approach extends risk-based behavioral analytics one-step
further to the actual verification of individual identities.

"Risk-based identity proofing takes a layered approach to
verifying an identity," said Coggeshall. "Through a series of steps, we
can resolve high-risk identities, isolate fake and synthetic
identities, and ultimately enable the vast majority of low-risk
identities to be efficiently processed.

ID Analytics’ approach meets the rigid requirements of an
online government identity proofing solution. It effectively detects
fraud and prevents the proofing of false identities. The technology
accurately verifies legitimate identities with minimal inconvenience,
while pinpointing high-risk identities that may require further
scrutiny. It also provides a comprehensive assessment of identity risk
not just at enrollment, but throughout the consumer’s ongoing
interaction with an organization, including password resets, change of
address requests or orders for additional services.

"Risk-based identity proofing allows for more accurate,
cost-effective verification of consumers’ online identities," said
Oscherwitz. "This new approach is easy for both agencies and consumers
to use and will help catalyze the next generation of government’s
web-based transactions and increase security."


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