Socure Achieves FedRAMP Moderate “In Process” Status

November 20, 2023 — Socure is excited to announce that our Socure ID+ Platform has achieved FedRAMP Moderate In-Process Status. This means Socure’s industry-leading identity verification and fraud prevention solution is on the path to a FedRAMP authorization and full usage by the federal government.

Socure ID+ for Government is now available on the FedRAMP Marketplace and will proceed to agency review. This is a game-changing moment for Socure’s public sector business as it allows us to directly partner with federal agencies on identity verification.

“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,” said Chad Kalmes, Chief Information Security Officer at Socure. “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.”

Why is FedRAMP important for Socure?
Before working with federal agencies that handle protected data, Socure must meet FedRAMP’s cloud security standards. FedRAMP is a standardized approach to security and continuous monitoring for cloud products and service programs that the government uses. A data breach at the federal government could affect national security and millions of residents. Without FedRAMP, the federal government can’t work with your cloud service.

The assessment process helps government officials manage risk and maintain security in a cloud-based environment. The goal of FedRAMP is to accelerate the adoption of secure cloud solutions across the federal government through reuse of assessments and authorizations.

Socure has attained an In Process designation and is on the path to achieving a full FedRAMP Authority to Operate (ATO) in 2024.

How Socure can help federal agencies
With more federal government agencies offering online services, they will all need access to comprehensive and secure identity proofing that works for all Americans, regardless of background. Socure is prepared to be that critical identity verification solution for government programs. Federal agencies can use Socure to fulfill the President’s ambitions to create a strong digital identity ecosystem for all Americans as laid out in the National Cybersecurity Strategy.

Socure is the leading platform for digital identity verification and fraud risk management. Our goal is to eliminate identity fraud on the internet, a goal we share with the Biden administration and federal agencies. Socure’s predictive analytics platform applies artificial intelligence and machine learning techniques with trusted online/offline data intelligence as well as email, phone, address, IP, device, velocity, date of birth, SSN, and the broader internet to verify identities in real time.

Socure ID+ offers:

• Identity proofing at NIST IAL2 standards, certified by the Kantara Initiative
• 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 platform that dramatically outperforms the competition using predictive analytics. This solution verifies the 2% of people who don’t verify automatically.

By using Socure ID+, federal agencies can offer improved service to constituents by eliminating time-consuming digital identity verification processes and blocking identity fraud in public benefits programs.

Socure’s public sector business is rapidly growing at the local, state, and federal level, and this milestone is proof of our team’s commitment to the industry and the strength of our team. We are one step closer to achieving our goal of verifying 100% of identities in real time and eliminating online identity theft.

Socure
Socure is the leading platform for digital identity verification and trust. Its predictive analytics platform applies artificial intelligence and machine learning techniques with trusted online/offline data intelligence from email, phone, address, IP, device, velocity, and the broader internet to verify identities in real time.

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