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Monday, 09 October 2017 00:55

ThreatMetrix spears two Leader awards in Javelin scorecard

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Digital identity company ThreatMetrix is the only leader in multiple categories in Javelin Strategy and Research's Identity Proofing Platform Scorecard.

Javelin’s Identity Proofing Platform Scorecard provides financial institutions and other identity-reliant businesses with "a view into the identity proofing vendor landscape".

The Identity Proofing Platform Scorecard assessed vendors that are merging identity verification and authentication, which were traditionally bifurcated areas.

Of note is ThreatMetrix, which was the only vendor to be named as a leader in multiple categories.

The first leadership win is in "the Innovative awards category", which honours technology providers that "integrate cutting-edge technologies to address not just today’s problems, but also to overcome tomorrow’s major fraud avenues".

The second leadership win is in the "Tailored category", which covers ease of integration and flexibility of the solution to adapt to different clients’ needs.

In the latter category, ThreatMetrix was "awarded based on its business-friendly outputs, reporting and delivery options".

Alisdair Faulkner, chief products officer at ThreatMetrix, said: "It’s an honour to be awarded by Javelin for our integrated authentication, identity verification and fraud decisioning technology.

“As a company, ThreatMetrix has a clear vision on how to push the boundaries in digital identity and continually innovate. This is why we developed ThreatMetrix ID, which we see as a game-changer in the industry. We are delighted that our role as an innovator in the industry is being recognised.”

ThreatMetrix notes that it "combines offline and online identity data to enable organisations to determine the true digital identity of their users. This is expressed as a unique customer identifier, ThreatMetrix ID, which is persistent for each digital identity across its global network of 1.4 billion users".

If you were to ask me, I'd say that after the gobsmackingly shocking Equifax scandal, which saw hundreds of millions of US citizens having their digital identities as recorded by Equifax hacked and scattered across the Internet, ThreatMetrix ID is a technology that sounds like a solution to the identity theft problem.

One wonders whether companies like Equifax are going to be able to salvage whatever is left of their shattered reputations by identifying how ThreatMetrix ID technology can protect Equifax users shellshocked by Equifax's mind-blowing ineptitude.

Al Pascual, senior vice-president and research director at Javelin Strategy and Research, said: "With fraud dramatically changing the financial services landscape, any identity-proofing product must integrate cutting-edge features and offer flexibility for each customer.

“In the Identity Proofing Scorecard, we awarded vendors, such as ThreatMetrix, who recognise that a holistic approach is needed to take into account a rich array of context around the identity and behaviour of the consumer – from the beginning of a session to the time the account is closed.”

For the inaugural Identity Proofing Platform Scorecard, "Javelin developed the Functional, Innovative, Tailored (FIT) model, recognising that decisions on vendor implementation depends not just on their current capabilities for solving business problems, but also on their long-term vision, innovation, and ease of integration. A competitive analysis and comparison of 23 major vendors was conducted".

After free registration, you can download the report here

ThreatMetrix is also recognised as the sole Leader in the 2017 Forrester Wave for risk-based authentication.

On a separate but related note, 12 October Pacific Time in the US, sees ThreatMetrix chief technology officer Andreas Baumhof and chief product officer Alisdair Faulkner discuss ThreatMetrix ID, dubbed "the world’s first and only global digital ID", during a free webinar. 

For Australians, this is 5am on 13 October, but it is at friendly times in the US and Europe, and often, if you register for a webinar, you get access to a replay, although whether this is the case with this webinar, I don't know. 

In any case, the webinar will discuss ThreatMetrix ID's four main capabilities:

  • A unique, anonymous identifier for each of the 1.4 billion recognised users across the ThreatMetrix Digital Identity Network;
  • A dynamic Confidence Score to qualify the veracity of each designated ThreatMetrix ID;
  • An interactive graph visualisation of all related device, credential, threat, and behavioural attributes that comprise each identity; and
  • A Trust Score that reflects the reputational integrity of the ThreatMetrix ID for a given transaction.

You can register for free access here

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Alex Zaharov-Reutt

One of Australia’s best-known technology journalists and consumer tech experts, Alex has appeared in his capacity as technology expert on all of Australia’s free-to-air and pay TV networks on all the major news and current affairs programs, on commercial and public radio, and technology, lifestyle and reality TV shows. Visit Alex at Twitter here.

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