FB pixel

LexisNexis buys BehavioSec, adds behavioral biometrics to fraud detection portfolio

LexisNexis buys BehavioSec, adds behavioral biometrics to fraud detection portfolio
 

LexisNexis Risk Solutions has acquired BehavioSec to strengthen its anti-fraud detection and ID authentication with passive behavioral biometrics.

LexisNexis says BehavioSec’s mobile touchscreen behavioral biometrics will complement its ThreatMetrix products, which employ behavioral biometrics to detect abnormal browser activity. LexisNexis executives have said that their customers will also benefit from continuous authentication, advanced machine learning and additional behavioral data for enhanced authentication processes.

In January, LexisNexis released a study that found a surge in fraud in the United States and Canada as mobile devices continue to rise as a source of malicious bot transactions.

The acquisition will allow for larger organizations to defend against fraudulent transactions with access behavioral biometric products through ThreatMetrix. Smaller organizations will have standalone behavioral biometrics, LexisNexis said. Financial services, ecommerce, technology, insurance, health care, communications, mobile and media companies and government agencies are using behavioral biometrics for fraud detection and identity authentication.

Rick Trainor, CEO of business services at LexisNexis, said, “Founded 14 years ago by a team of highly accomplished visionaries, BehavioSec is a forerunner in the behavioral biometrics segment and continues to evolve and innovate ahead of any other behavioral biometric solution available today. Our combined customer base will benefit significantly from a blended behavioral biometrics solution within ThreatMetrix that offers more defense for customers without adding friction.”

BehavioSec CEO Dr. Neil Costigan comments that he is “looking forward to discovering the next phase in the evolution for behavioral biometrics alongside a successful, innovative company looking to further evolve our advanced capabilities.”

“BehavioSec represents a great addition to an already strong digital identity detection and authentication capability set for LexisNexis Risk Solutions,” states Julie Conroy, head of risk insights at Aite-Novarica Group, in the company announcement. “Behavioral biometrics are an important component of the digital channel control framework, helping with both detection and authentication in a passive manner.”

Article Topics

 |   |   |   |   |   |   | 

Latest Biometrics News

 

GLEIF kicks off corporate digital identity hackathon

The Global Legal Entity Identifier Foundation (GLEIF) has launched a hackathon aimed at developing new applications for its organizational digital…

 

Ethiopia gets accolades for leading digital transformation in Horn of Africa

At a recent meeting of Horn of Africa Finance Ministers in Kenya’s capital Nairobi, Ethiopia’s digital transformation progress got thumps…

 

Financial fraud prompts $14M digital identity intelligence investment, calls for action

Financial institutions and regulators continue to invest in anti-fraud and identity verification. Barclays has invested in anti-fraud platform Heka as…

 

Age estimation at the shop, age verification online: France laws tested with questions

In France, age assurance tools are showing up online and at retail vendors selling age restricted products, prompting questions from…

 

Ofcom planning more safety measures to tackle addictive design

It has been noted previously in these pages that the UK is looking to be taken seriously in pursuing its…

 

OFIQ community reviews early results of biometric quality assessment tool

The standardization of image quality for face biometrics is a major step towards making population-scale biometric systems functional, and as…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events