LexisNexis corporate markets vice president Dennis Becker said that multiple forms of user authentication are a ‘must-have’ for any organization that relies on compliance and information security for effective operations.
"Everything hinges on the true identity of the user; and if identities are not properly authenticated, then an enterprise has no assurance that access to resources and services is being properly controlled," Becker said.
The identity proofing and authentication solutions available with LexisNexis includes Flex ID, Instant Authenticate, InstantID, InstantID Q&A, Instant Verify, and TrueID — with additional authentication methods for repeated access, including one-time password and voice biometrics.
Its TrueID fingerprint biometrics, the new suite of MFA solutions comprises LexisNexis One Time Password (OTP), an authentication method which offers stronger authentication during high-risk, high-value customer transactions.
LexisNexis Voice Biometrics, a biometrics speaker verification system that verifies a speaker’s identity based on their voice, suitable for high volumes, high risk transactions remotely or within call centers.
The new offerings will be made available through LexisNexis IVR on Demand, which includes identity proofing and voice biometrics solutions through a hosted Integrated Voice Response (IVR) which can be easily and quickly integrated into a company’s current workflow.
According to Javelin Strategy and Research’s annual Identity Fraud Report published in February 2012, total fraud in 2011 was $18bn, claiming identify fraud as one of the fastest-growing crimes in the US.
