October 5, 2017 -
NuData Security has been designated Leader in the Innovation category in the 2017 Identity Proofing Platform Awards by Javelin Strategy & Research.
NuData’s flagship product line, NuDetect identifies authentic users over fraudulent ones, at the time of account creation, based on their online, mobile and smartphone interactions by collecting their usage information and assigning a risk score to an individual or transaction. The solution integrates behavioral biometrics, behavioral analysis, device and access intelligence and a database of events across its customer base and business network.
The Identity Proofing Platform Scorecard is based on Javelin’s “Functional, Innovative, Tailored” (FIT) model. The Innovation category recognizes that fraud continues to rapidly evolve and advance in tandem with the changing landscape of financial services and honors vendors’ long-term ability to successfully address emerging needs and threats and continually integrate cutting edge features into existing customer solution ecosystems.
“The traditional approach to identity verification, which largely relied on validating personally identifiable information, is wholly insufficient to the challenges of today’s vulnerable digital world,” said Al Pascual, Research Director and Head of Fraud & Security for Javelin Strategy & Research. “When it comes to identity proofing, NuData Security has emerged as a leader in innovation, which is really a critical element in a space where the threats are evolving so rapidly.”
NuData was acquired by Mastercard earlier this year.