LexisNexis® Acquires RSA’s Consumer Knowledge Based Authentication Technology To Drive Innovation in Identity Management

  LexisNexis® Acquires RSA’s Consumer Knowledge Based Authentication
  Technology To Drive Innovation in Identity Management

 Identity management solution helps customers fight fraud and reduce identity
                                    theft

Business Wire

ATLANTA -- April 03, 2013

LexisNexis® Risk Solutions today announced the acquisition of RSA Security’s
consumer Knowledge Based Authentication (KBA) technology to drive further
innovation in LexisNexis’ identity proofing solutions and strengthen its
leadership position in the identity management and fraud sector.

“This investment demonstrates our commitment to provide—and continuously
improve—our capabilities in identity management to help our customers make the
right decisions and fight fraud, while protecting their customers from
identity theft,” said Dennis Becker, Vice President, Identity Management,
LexisNexis Risk Solutions.

More than 369,000 identity theft complaints were filed with the Federal Trade
Commission in 2012 – a figure that has increased 32 percent since 2011 –
according to the Consumer Sentinel Network (CSN)^1. To combat this growing
problem, financial institutions, retail organizations and government agencies
need identity management solutions to verify and authenticate identities while
conducting face-to-face and customer-not-present transactions. This allows
organizations to mitigate the risk of fraud and comply with certain rules and
regulations.

The consumer KBA acquisition will allow LexisNexis to further extend its
leadership position in the identity management and fraud sector. InstantID®
Q&A, LexisNexis’ flagship identity management product, uses public records and
other data sources to create a quiz in real time and authenticate a user’s
identity. This added level of security helps institutionsreduce fraud costs
and improve customer relationships.

InstantID Q&A is endorsed by the American Bankers Association and used by more
than 200 organizations worldwide.

^1 Consumer Sentinel Network Data Book January – December 2012
http://www.ftc.gov/sentinel/reports/sentinel-annual-reports/sentinel-cy2012.pdf

About LexisNexis Risk Solutions

LexisNexis Risk Solutions (www.lexisnexis.com/risk/) is a leader in providing
essential information that helps customers across industries and government
predict, assess and manage risk. Combining cutting-edge technology, unique
data and advanced analytics, Risk Solutions provides products and services
that address evolving client needs in the risk sector while upholding the
highest standards of security and privacy. LexisNexis Risk Solutions is part
of Reed Elsevier, a leading global provider of professional information
solutions across a number of sectors.

Our identity management solutions assist organizations with preventing
financial crime, achieving regulatory compliance, mitigating business risk,
improving operational efficiencies and enhancing profitability.

Contact:

LexisNexis Risk Solutions
Stephen Loudermilk, 678-694-2353
stephen.loudermilk@lexisnexis.com
 
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