LexisNexis Risk Solutions Wins Three Technology Industry Awards for Its Fraud Prevention Solutions

Hong Kong Business Technology Awards – LexisNexis® ThreatMetrix® is the Winner of the Cybersecurity – Financial Services category for fraud prevention, identity verification and authentication products that help virtual banks mitigate fraud risks while maintaining a friction-appropriate consumer experience.

Asia Risk Technology Awards 2022 – ThreatMetrix® received the Cyber Risk Solution of the Year award for the second consecutive year for helping customers lower fraud by providing them with physical and digital identity risk insights.

Cybersecurity Breakthrough Awards – LexisNexis® Behavioral Biometrics earned top honors in the Behavior Analytics category, which provides passive authentication to establish identity trust and help prevent fraud.

“We’re honored to receive these prestigious awards, which reflect our commitment to advancing fraud and identity technology across the consumer journey,” said Stephen Topliss, vice president of fraud and identity strategy at LexisNexis Risk Solutions. “While digital channels deliver convenience for consumers, it also attracts 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 clients’ challenges in a world where fraudsters never cease to evolve their tactics.”

“LexisNexis Risk Solutions has shown that it is on top when it comes to protecting their clients’ businesses through their fraud prevention solutions,” Hong Kong Business noted in its award summary. “Their innovation to counter cybercrime threats through digital identity insights derived from billions of transactions with leading analytic technology and embedded machine learning greatly helps virtual banks prevent fraudulent crimes and protect customers.”

Also Read: The Evolving Role of CISOs in a Flourishing Cybercrime World

“The judges were most impressed with the digital intelligence and authentication tool from LexisNexis Risk Solutions,” said Chris Davis, senior markets reporter and Asia editor at Risk.net. “With cybercrime becoming ever more sophisticated in today’s digital landscape, ThreatMetrix enables businesses to detect and block complex cyber risks moment by moment while minimizing friction for consumers.”

“Gathering data across multiple touchpoints in the online journey helps build richer behavioral profiles and inform better decisions in this new world, and the behavioral biometrics tool from LexisNexis Risk Solutions represents a true breakthrough in risk management, allowing organizations to detect high-risk scenarios and make better fraud decisions,” said James Johnson, managing director at CyberSecurity Breakthrough. “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 taking home this 2022 CyberSecurity Breakthrough Award.”