LexisNexis acquires anti-fraud behavioural biometrics firm BehavioSec
LexisNexis Risk Solutions, part of the Relx Group, has acquired behavioural biometrics tech provider BehavioSec for an undisclosed sum.
Founded in 2008, Swiss-based BehavioSec’s technology is designed to learn and understand how people uniquely type and swipe on their phones, converting mobile signals from touchscreen and sensors into rules to continuously authenticate identity and prevent fraud.
Behavioural biometrics is used across financial services to prevent new fraudulent account opening, account takeovers and scams. It can identify and detect bots or malware, typical fraudster usage patterns and changes in legitimate individual usage patterns.
BehavioSec’s solutions will be available as part of LexisNexis’ business service group, enhancing its device and digital identity-focused offering, including its ThreatMetrix product.
LexisNexis business services CEO Rick Trainor says: “Behavioural biometrics is a valuable component in fraud prevention strategies that layer defences to tighten the net that stops fraudsters.”
The deal will enable LexisNexis to provide access to behavioural biometric solutions for larger organisations when combined with ThreatMetrix, while also serving small to mid-sized organisations seeking a stand-alone behavioural biometrics offering.
In August, LexisNexis acquired cloud-based orchestration platform TruNarrative in a deal reported at £130 million.