Experian’s Precise ID(SM) platform achieves Assurance Level 3 FICAM recognition for identity proofing

Experian is first to receive recognition for identity proofing component under Kantara Trusted Framework

You might liken it to winning a gold medal if there were Olympics for fraud-prevention platforms.

On July 26, Experian’s Precise IDSM platform was recognized for identity proofing at Assurance Level 3, under the Kantara Initiative’s  Identity Assurance Framework, one of the Federal Identity Credential Access Management (FICAM) Trusted Framework providers. As part of the process, a Kantara-Accredited Assessor determined that Experian’s Precise ID service conformed to the Identity Assurance Framework’s Service Assessment Criteria, which enable a relying party to trust the identity and security assurances from an identity or credential service provider.

This success follows months of collaborative effort between Experian’s Fraud and Identity Solutions division; an independent auditor; and Kantara Initiative, the certifying authority.

So what do all the acronyms, officious titles and identity proofing certifications mean?

Precise ID now is uniquely positioned to deliver identity proofing services (the ability to verify with reasonable certainty that a person is whom he or she is claiming to be) to the vast majority of public sector, healthcare and perhaps soon-to-be private sector entities that likely will cite certification as a requirement more often than not. Recent examples of this capability can be found in Experian being awarded the contracts for the United States Department of Veterans Affairs (VA) and the Centers for Medicare and Medicaid Services (CMS), both of which require such certification.

Several more examples of these initiatives in action:

The Drug Enforcement Administration mandated that doctors who issue prescriptions online (e-prescriptions) must conform to National Institute of Standards and Technology (NIST) guidelines that recommend technical safeguards.

The White House’s identity-management initiative to make online transactions more trustworthy — known as the National Strategy for Trusted Identities in Cyberspace (NSTIC) — is aimed at creating an Internet-identity ecosystem that uses interoperable technology standards and policies to authenticate not only consumers, but also organizations and IT infrastructure.

Experian’s Precise ID platform is being used by the Social Security Administration, Centers for Medicare & Medicaid Services and DrFirst.

Lest you think all of this applies only to the government and public entities:

Although today the National Institute of Standards and Technology (NIST) levels of assurance are most closely associated with public sector service requirements and the NSTIC Identity Ecosystem, it is highly likely in upcoming years that many private sector identity verification and fraud risk initiatives also will align with NIST levels of assurance.

As one of only two identity proofing services with this level of approval, Experian and Precise ID are well on their way to providing the standard in identity assessment and fraud risk management for both the private and public sectors.

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