LexisNexis Risk Solutions’ Fraud Prevention Solution Wins Three Technology Industry Awards

LexisNexis® ThreatMetrix and LexisNexis behavioral biometrics recognized for their ability to help businesses fight sophisticated fraud through digital identity intelligence and authentication

Hongkong, October 31 March 2022 /PRNewswire/ — LexisNexis® Risk Solutions announces that its fraud and identity solutions have won three technology awards in the Asia Pacific region:

  • Hong Kong Business Technology Awards – LexisNexis® ThreatMetrix® is the winner in the Cybersecurity – Financial Services category for fraud prevention, identity verification and identity verification products that help virtual banks reduce fraud risk while maintaining a friction-appropriate consumer experience.
  • 2022 Asia Venture Technology Awards – ThreatMetrix® For the second year in a row, it won the Cyber ​​Risk Solution of the Year award for helping clients reduce fraud by providing customers with physical and digital identity risk insight.
  • Cybersecurity Breakthrough AwardLexisNexis® Behavioral Biometrics Top honors in the behavioral analytics category, which provides passive authentication to build identity trust and help prevent fraud.

“We are honored to receive these prestigious awards, which reflect our commitment to advancing fraud and identity technologies throughout the consumer journey,” said Stephen Toplis, Vice President, Fraud and Identity Strategy, LexisNexis Risk Solutions. “While digital channels offer convenience to consumers, it also attracts fraudsters who target consumers in these channels for ill-gotten gains. By providing a layered approach to fraud prevention and authentication, we are able to Helping solve the challenges customers face in the world Fraudsters will never stop developing their strategies.”

“LexisNexis Risk Solutions shows that it is a leader in protecting clients’ businesses with its fraud prevention solutions,” Hong Kong Business noted in its award summary. “Their innovations in addressing cybercrime threats through digital identity insights gained from billions of transactions through leading analytics and embedded machine learning greatly help virtual banks prevent fraud crimes and protect customers.”

“The judges were most impressed with LexisNexis Risk Solutions’ digital intelligence and identity verification tools,” he said Chris DavisSenior Market Reporter and Asia Editor of Risk.net. “As cybercrime becomes increasingly sophisticated in today’s digital environment, ThreatMetrix enables businesses to detect and block sophisticated cyber risks at any time, while minimizing friction for consumers.”

“Collecting data from multiple touchpoints in an online journey helps build a richer profile of behavior and inform better decision-making in this new world, and LexisNexis Risk Solutions’ behavioral biometric tools represent a real breakthrough in risk management. , enabling organizations to detect high-risk scenarios and make better fraud decisions,” he said James Johnson, Managing Director of Cybersecurity Breakthroughs. “It adds a powerful layer of intelligence to identity authentication and represents a powerful tool in the fight against cybercrime. We are proud to congratulate LexisNexis Risk Solutions on receiving the 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 decision-making for the benefit of people around the world. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in the Atlanta metropolitan area, Georgia, we have offices around the world and are part of RELX (LON: REL/NYSE: RELX), a provider of information-based analysis and decision-making tools for professional and commercial clients Global supplier. For more information, visit www.risk.lexisnexis.com and www.relx.com.

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