LexisNexis Risk Solutions, part of RELX, acquired behavioral biometrics technology provider BehavioSec, according to a company press release Tuesday (May 3).
BehavioSec was founded in Sweden in 2008 and operates in the U.S., Canada and EMEA, using its predictive behavioral biometrics solution that uses behavior analysis for continuous authentication to establish identity trust and help prevent fraud, the press release says.
As part of the acquisition, BehavioSec’s solutions will become a part of LexisNexis’ Business Services group.
“Behavioral biometrics is a valuable component in fraud prevention strategies that layer defenses to tighten the net that stops fraudsters,” said Rick Trainor, Business Services CEO, in the joint press release. “Founded 14 years ago by a team of highly accomplished visionaries, BehavioSec is a forerunner in the behavioral biometrics segment and continues to evolve and innovate ahead of any other behavioral biometric solution available today.
“Our combined customer base will benefit significantly from a blended behavioral biometrics solution within ThreatMetrix that offers more defense for customers without adding friction across the consumer journey,” he said.
BehavioSec converts mobile signals from touchscreen and sensors into rules and advanced mobile behavioral biometric-based authentication capabilities, complementing the browser-based solutions within ThreatMetrix, per the company press release.
By integrating offerings from BehavioSec into ThreatMetrix, customers will also benefit from continuous authentication, advanced machine learning capabilities and additional behavioral data for enhanced authentication processes, according to the press release.
The new fraud prevention tool will allow access to behavioral biometric solutions by larger organizations when combined with ThreatMetrix, serving small to medium-sized organizations seeking a standalone behavioral biometrics offering.
“I am looking forward to discovering the next phase in the evolution for behavioral biometrics alongside a successful, innovative company looking to further evolve our advanced capabilities,” BehavioSec CEO Dr. Neil Costigan said in the press release.
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