Socure Receives US-EU & US-Switzerland Safe Harbor Certification

Company Attests Compliance with European & Swiss Data Privacy & Security Control Framework

NEW YORK – July 17, 2015 – ​Socure, the provider of next­ generation SaaS-­based anti­-fraud and compliance solutions, formally announced today the company’s completion of the U.S.–EU and U.S.–Switzerland Safe Harbor framework self­-certification process from the U.S. Department of Commerce. This certification states Socure handles sensitive customer and client data according to European Union and Swiss privacy standards.

 “We understand and value the importance of keeping the data we process safe, secure, and private, and our Safe Harbor certification tells the world we can work with data from within the EU and Switzerland with confidence,” said Sunil Madhu, CEO of Socure.

The patent­ pending Socure Social Biometrics™ solution leverages online and social behavior checks in real­time, verifying the authenticity of customer identities registered on websites and mobile applications. Enterprises using Social Biometrics APIs achieve higher user acceptance rates with reduced friction, fraud losses and manual review costs. Additionally, Social Biometrics enables a quicker path to Know Your Customer Socially (KYC+S) and Anti­Money Laundering (AML) compliance.

Enacted in 1998, the Safe Harbor framework provides a bridge between the U.S. and EU states and Switzerland when transferring private data. The framework ensures users and businesses that Socure services adhere to the data privacy and security controls for those countries. More information can be found at: http://export.gov/safeharbor

“Our international customers and vendors have asked about this, and today we’re proud to say we’re officially certified,” said Ken Allen, senior vice president of operations. “This demonstrates our continued commitment to data integrity and privacy, no matter where that data is from.”

You can read the Safe Harbor policy on the Socure website at: http://www.socure.com/safeharbor.html

About Socure

Socure is the leader in real­time online identity verification solutions that protect enterprises against identity fraud, increase acceptance of valuable customers and reduce the cost of compliance and manual review. Socure was founded in 2012 and is based in NYC.  

Topics: Press Release

Socure

Socure

Socure is the leader in high-assurance digital identity verification. The company’s predictive analytics platform applies artificial intelligence and machine learning to trusted online/offline sources including email, phone, address, IP address, social media and traditional GLBA/DPPA data to authenticate identities in real-time. The Socure ID+ platform reduces fraud by up to 90 percent, lowers manual review/knowledge-based authentication (KBA) rates by as much as 80 percent, and automates Customer Identification Program (CIP), Know Your Customer (KYC) and anti-money laundering (AML) compliance initiatives.