LexisNexis Risk Solutions Wins Three Technology Industry Awards for Fraud Prevention Solutions
LexisNexis® ThreatMetrix and LexisNexis Behavioral Biometrics Recognized for Capabilities Helping Enterprises Fight Complex Fraud with Digital Identity Intelligence and Authentication
HONG KONG, October 31, 2022 /PRNewswire/ — LexisNexis® Risk Solutions announced that it has won three technology awards in the APAC region for its fraud and identity solutions:
- Hong Kong Business Technology Awards – LexisNexis® ThreatMetrix® is the winner in the Cybersecurity – Financial Services category for fraud prevention, identity verification and authentication products that help virtual banks mitigate fraud risk while maintaining a friction-friendly customer experience.
- Asia Risk Technology Award 2022 – ThreatMetrix® received the Cyber Risk Solution of the Year award for the second consecutive year for helping customers reduce fraud by providing information on physical and digital identity risks.
- Cybersecurity Breakthrough Award – LexisNexis® behavioral biometrics won top honors in the Behavior Analytics category, which provides passive authentication to establish identity trust and help prevent fraud.
“We are honored to receive these prestigious awards, which reflect our commitment to advancing fraud and identity technology throughout the consumer journey,” said Stephen Topliss, vice president of identity and fraud strategy at LexisNexis Risk Solutions. “While digital channels are convenient for consumers, they also attract fraudsters who target consumers in these channels for ill-gotten gains. By offering a layered approach to fraud prevention and authentication, we are well positioned to help solve our customers’ challenges in a world where fraudsters are constantly evolving their tactics.”
“LexisNexis Risk Solutions has proven to be at the forefront when it comes to protecting its customers’ businesses through its fraud prevention solutions,” Hong Kong Business noted in its award summary. “Their innovation to counter cybercrime threats through digital identity information derived from billions of transactions with advanced analytics technology and built-in machine learning greatly helps virtual banks prevent fraudulent crimes and protect customers. “
“The judges were very impressed with LexisNexis Risk Solutions’ digital intelligence and authentication tool,” said Chris DavisSenior Markets Reporter and Asia editor at Risk.net. “As cybercrime becomes increasingly sophisticated in today’s digital landscape, ThreatMetrix enables enterprises to detect and block complex cyber risks at every moment while minimizing friction for consumers.”
“Collecting data across multiple touchpoints in the online journey helps create richer behavioral profiles and inform better decisions in this new world, and LexisNexis Risk Solutions’ behavioral biometrics tool is a real breakthrough. in risk management, enabling organizations to detect high-risk scenarios and make better fraud decisions,” said James Johnson, CEO of CyberSecurity Breakthrough. “It adds a powerful layer of intelligence to identity authentication and is a powerful tool in the fight against cybercrime. We are proud to congratulate LexisNexis Risk Solutions on winning this 2022 CyberSecurity Breakthrough Award.”
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to deliver insights that help businesses and government entities reduce risk and improve decisions for the benefit of people everywhere. We provide data and technology solutions for a wide range of industries, including insurance, financial services, healthcare and government. Based in the Atlanta metro area, Georgia, we have offices around the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision-making tools for professionals and enterprises. For more information, please visit www.risk.lexisnexis.com and www.relx.com.
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SOURCE LexisNexis Risk Solutions