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Identity management company Ping Identity has announced the upcoming release of a new risk management and fraud detection service called PingOne Protect.
The service aims to prevent the proliferation of fake accounts while protecting users from account takeover.
PingOne Protect combines identity and access management (IAM) with fraud detection “across the entire user journey”. It uses an “intelligence-based” approach to evaluate risk at all times, starting before a user logs in, tracking multiple risk signals such as behavioural biometrics, IP and network telemetry, device telemetry, and the user’s behaviour.
Using all these data points, PingOne Protect then calculates a risk score for the end user, which in turn drives authentication and authorisation policies, as well as identification.
The end result, according to Ping Identity, is a reduction in user frustration and, ultimately, risk of account takeover or impersonation. Businesses can also integrate third-party risk factors, allowing a consolidated approach to account protection.
“Account takeover and fraudulent accounts are the fastest-growing and costliest threats in the digital economy,” said Andre Durand, chief executive and founder of Ping Identity. “By marrying IAM and intelligent fraud mitigation in a single platform, businesses gain greater agility and visibility into the user journey and can deliver a tailored approach to preventing fraudulent activity based on the individual’s level of risk.”
PingOne Protect will be available in summer this year.
David Hollingworth has been writing about technology for over 20 years, and has worked for a range of print and online titles in his career. He is enjoying getting to grips with cyber security, especially when it lets him talk about Lego.
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