Real-Time Identity Proofing
September 22, 2006
Identity risk management company, ID Analytics, Inc., and VeriSign, Inc., provider of intelligent infrastructure services for Internet and telecommunications networks, have developed an initiative to strengthen identity verification and proofing for online customers.
Under the terms of a Referral Agreement, VeriSign intends to refer ID Analytics solutions to certain customers, including VeriSign Identity Protection (VIP) customers. Using the ID Network and Graph Theoretic Anomaly Detection (GTAD), advanced pattern recognition technology, ID Analytics solutions are designed to allow VIP customers to instantly assess the risk of an identity the first-time a user registers for a new account or attempts to complete any high-value service online.
Nico Popp, Vice President of Authentication Services for VeriSign explained, ”Identity Proofing is highly complementary to VIP’s risk-based authentication and two-factor authentication solutions. ID Analytics will enable VIP customers to evaluate a customer’s identity risk at enrollment time helping them to distinguish legitimate customers from fraudsters as such customers apply for new services online. Combined with VIP Fraud detection and Authentication services, VIP customers who purchase ID Analytics solutions will now be able to protect the online channel against identity theft across the entire customer life-cycle.”
Bruce Hansen, Chairman and CEO of ID Analytics added, ”ID Analytics ID Network is known for its deep real-time protection against identity fraud. Through this strategic relationship, we will significantly strengthen our ability to better protect the world of e-commerce from identity fraud.”
VIP is a comprehensive suite of identity protection and authentication services that enable consumer applications to provide a secure online experience for end users. The VIP Services include a combination of both on- premise and VeriSign-hosted components which can be accessed through standard network protocols for easy integration into existing Internet applications. VIP endeavors to enable both invisible security through VIP Fraud Detection Service as well as more visible security through VIP Authentication Service. VIP is currently used by leading financial institutions and e-commerce providers to protect their customers’ online identities.