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Digital Identity, Security & Online Fraud

Experian, Symantec to offer identity proofing and authentication technology

Friday 29 April 2011 | 11:03 AM CET

Experian, a global credit information company, has entered an agreement with the US security software designer for computers Symantec to provide a suite of identity proofing and authentication services that supports the National Institute of Standards and Technology\'s (NIST) Electronic Authentication Guideline (Special Publication 800-63).

The two companies have developed a service that supports NIST Levels 1 through 3 requirements to allow users to prevent fraud when conducting personal and sensitive transactions online.

The jointly developed service is set to work with the existing business processes through the use of new credentialing capabilities which provide a combination of online identity proofing and authentication, thus ensuring that the right person with the correct credentials carries out the transaction. Furthermore, the service also provides users within the government sector with the ability to self-register for an online account making the online enrolment part of the credentialing process to ensure that the user's identity is properly validated.

After their identity has been verified, users are able to create a login and password account that will require them to bind a Symantec authentication credential to the newly created account. For subsequent logins, users are required to introduce their login account, password and VIP credential to have access to their account.

The two companies have developed the service by combining Experian's Precise ID(SM) risk-based identity proofing capabilities with the authentication capabilities of Symantec's VeriSign Identity Protection (VIP) cloud-based authentication service which enables enterprises to protect online access and transactions to help obtain compliance and combat fraud.

More: Link
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