Identity

Today’s consumers enjoy near-instant access to goods and services, along with a self-service model that lets them manage their accounts and conduct transactions on demand. But the flipside of this accessibility is burgeoning fraud—currently a one trillion dollar problem that affects virtually every private and public industry.

To ensure safe transactions, your organization must conduct proper due diligence to confirm the identities of people seeking access. Strong authentication strategies let you quickly and safely onboard new customers or vendors and provide seamless access throughout the lifetime of the relationship.

Best practices state that two-factor authentication is the minimum standard for confirming an identity. (For high-risk transactions, even more robust multi-factor authentication protocols may be in order.) Two-factor authentication includes at least two of the following:

• Something you know (passwords, PINs, knowledge-based authentication quizzes)
• Something you have (token, a passcard, a device)
• Something you are (a physical characteristic such as a fingerprint or voice print)

Our solutions support risk-based authentication workflows, letting you adjust requirements based on risks associated with the channel, the user’s location and other transactional details. And, our authentication solutions easily integrate with other identity tools for more efficient identity management. LexisNexis authentication solutions include:

• Dynamic knowledge based authentication (KBA) quizzes that pull from your customer information and our proprietary and public records data to ask questions that only an individual with personal knowledge could accurately answer.
• Biometrics, such as fingerprints or voice prints, to confirm the identity of an individual. Combined with our identity proofing solutions, biometrics let you bind the proofed identity at enrollment to a repeat-access user.
• Additional form factors, such as One Time Password, that let users authenticate themselves using their existing hardware, instead of requiring additional tokens.