Ping Identity Acquires SecuredTouch, Accelerates Identity Fraud Capabilities
Ping Identity has acquired SecuredTouch, a provider of fraud and bot detection and mitigation.
By leveraging behavioral biometrics, artificial intelligence, machine learning and deep learning, SecuredTouch gives identity, risk and fraud teams early visibility into malicious activity potential occurring on numerical properties. With bot detection and account takeover protection, businesses can leverage SecuredTouch to deliver a more secure and seamless experience for their customers.
As SecuredTouch is integrated with the larger PingOne cloud platform, corporate clients will have access to advanced signals, data and intelligence to better understand fraudster behavior and strengthen authentication as needed to stop malicious activity and reduce losses due to fraud.
Customers will be able to deploy SecuredTouch as a stand-alone solution or as part of the larger Ping One cloud platform.
âIdentity isn’t just about who the customers are, it’s about when someone claims to be a customer. As businesses embark on massive digital transformation initiatives, the need for transparent, frictionless and secure identity solutions to confidently understand these two situations is imperative, âsaid Andre Durand, Founder and CEO of Ping Identity. âThe acquisition of SecuredTouch accelerates our vision for intelligent identity solutions delivered in the cloud that combat malicious behavior such as bots, emulators and account taking.
âThis is a watershed moment for our industry as identity security and fraud come together,â said Alasdair Rambaud, CEO of SecuredTouch. âPing Identity’s robust and proven platform forms the perfect foundation for SecuredTouch’s advanced fraud detection capabilities. “
âPing Identity is a perfect fit for our team, our products and our technology,â added Ran Shulkind, co-founder and CEO of SecuredTouch. âWe look forward to joining forces to accelerate our mission of bringing the most advanced fraud detection solutions to businesses around the world. “