Authentication, Fraud Prevention, Digital Identity

What Businesses Can Do About a Trillion-Dollar Fraud Problem

Posted by Sunil Madhu on Aug 22, 2017

Data breaches happen every day. Astonishingly, over nine times the population of the United States’ data was stolen in 2016 alone. Data breaches affect not only merchants but large-scale financial institutions like banks, credit card companies and credit bureaus that store a lot of information about consumers. It now costs about $4 on average to buy someone’s stolen identity data and mere hours of trolling people’s social media exhaust to learn enough to commit fraud. Fraud costs trillions of dollars to world economies annually. For consumers whose identity data has been stolen, the impact on their lives can vary from being a nuisance to financial and emotional trauma.

Compliance

Socure is a SOC2 Type 2 compliant SaaS company

Posted by Socure on Dec 1, 2016

Socure is pleased to offer the first Digital Identity Verification Solution that is compliant with SOC 2. 

SOC is an internationally recognized auditing standard created by The American Institute of Certified Public Accountants (AICPA). The SOC 2 report provides a description of a service organization’s system and the suitability of design and operating effectiveness of the organization’s controls.

Product Update, ID+

A Momentous Redesign Makes Digital Authentication Easy with ID+ from Socure

Posted by Socure on Nov 30, 2016

The online dashboard used for reviewing identity verification transactions, to administer users, configuration and manually run transactions has been completely redesigned for ease of use, self-service and with a new look that ID+ clients are raving about! 

Article

The Future of Social Data as Authentication

Posted by Sunil Madhu on Nov 8, 2016

Reacting to the kerfuffle between Admiral UK Insurance and Facebook, Socure CEO Sunil Madhu wrote in Payments Source about the broader implication for using Social Media data.  While privacy concerns abound, there are many benefits to consumers who may obtain better rates, coverage and services. 

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