Socure, the provider of Artificial Intelligence for digital identity verification, sanction screening and fraud prevention, announced its Socure ID+ platform has achieved the “In Process” designation from the Federal Risk and Authorization Management Program (FedRAMP) and is now “listed on the FedRAMP Marketplace.”
Socure’s ID+ Platform is a digital identity verification and fraud prevention solution that combines AI and ML “to analyze every element of identity, maximize accuracy and inclusivity, and protect against identity fraud.”
The platform helps public sector agencies “deliver simple and secure access to vital services with minimal friction and fraud prevention.”
This important milestone “underscores Socure’s commitment to scaling federal adoption of accurate digital identity verification that combats fraud and keeps federal information secure.”
Socure will continue its work to meet “the strict cybersecurity requirements of a trusted and secure cloud technology for federal and public sector agencies with the goal of reaching full authorization.”
Chad Kalmes, Chief Information Security Officer at Socure, said:
“Socure is well on our way to meeting the high bar established by the FedRAMP Moderate standard as a result of a company-wide commitment across our Product and Engineering, Operations, and Security teams. We look forward to partnering with federal and public sector customers in the near future to safeguard their constituents’ identities, improve service delivery, and prevent fraud.”
Socure ID+ offers public sector agencies:
- Auto-approval of more eligible individuals (98% for mainstream populations, and up to 94% for hard-to-identify populations including Gen Z, millennial, and new-to-country individuals).
- More effective fraud prevention, capturing 90% of third-party identity fraud in the riskiest 3% of users.
- Reduction of manual reviews with fully automated identity verification and fraud prevention, with a response in milliseconds.
- An automated document verification predictive analytics platform to process identity verification for the 2% of people who don’t verify automatically.
With more government services moving online, Socure is prepared “to be a critical identity verification solution for government programs.”
Federal agencies will soon have “access to comprehensive and secure identity proofing, fulfilling the President’s ambitions to create a strong digital identity ecosystem for all Americans as laid out in the National Cybersecurity Strategy.”
FedRAMP certification removes the burden “on federal agencies to undertake a lengthy authorization process before adopting innovative cloud services.”
Socure previously announced “the addition of its platform to the State Risk and Authorization Management Program’s (StateRAMP) ‘Progressing’ Product List after illustrating the core regulatory and industry-defined requirements for StateRAMP compliance.”