LexisNexis Risk Solutions announced the acquisition of BehavioSec, an advanced behavioral biometrics technology provider. BehavioSec will become a part of the Business Services group within LexisNexis Risk Solutions and enhance its device and digital identity-focused offerings, such as LexisNexis ThreatMetrix.
Increasingly, sophisticated scams are manipulating end-users to compromise their accounts unknowingly, leading to fraudulent transactions as the cybercriminals have tricked genuine end-users into making payments with their trusted device. Even with additional authentication methods this still leaves the human element as the most exposed in the fraud chain. BehavioSec claims to reduce that risk exposure.
According to sources, BehavioSec brings the ability to convert complex mobile signals from touchscreen and sensors into rules and advanced mobile behavioral biometric-based authentication capabilities, complementing the browser-based solutions within ThreatMetrix.
With this integration, even the most sophisticated cybercriminals will have difficulty succeeding in new account opening fraud, account takeovers and scams, amongst other use cases.
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