Equifax Deepens Commitment to Consumer Identity Protection, Joins Cause to Evolve Verification Beyond Social Security Numbers
Equifax Inc. (NYSE: EFX) announced its latest commitment to finding solutions for more secure identity verification beyond the Social Security Number – a strategic relationship with the rapidly growing Better Identity Coalition. The Coalition is a national organization focused on developing and advancing consensus-driven, cross-sector policy initiatives that promote the development and adoption of better solutions for identity verification and authentication. Since its launch in February, nearly 20 companies from a variety of industries have united behind this important mission.
As one of the largest global consumer credit reporting agencies, Equifax recognizes the importance of collaboration in protecting consumer data and is actively working with its partners and peers to advance the adoption and implementation of a more secure digital identifier. In addition to membership in the Coalition, Equifax is leveraging the new organization Atlanta for the Advancement of Security (ATLAS) to build support for a better identity solution. ATLAS is a council dedicated to information sharing and open dialogue between Chief Information Security Officers and currently includes more than 20 Atlanta-based private and public sector organizations.
Equifax is also on track to invest $275 million in 2018 to enhance processes, technologies and infrastructure – especially around identity and access management and data security – and will proactively share its learnings in these areas with The Coalition.
About: The Better Identity Coalition is an organization focused on developing and advancing consensus-driven, cross-sector policy solutions that promote the development and adoption of better solutions for identity verification and authentication.
The coalition was launched in February 2018 as an initiative of the Center for Cybersecurity Policy & Law, a non-profit dedicated to promoting education and collaboration with policymakers on policies related to cybersecurity.
In July 2018, the coalition released Better Identity in America: A Blueprint for Policymakers, a report that outlines a comprehensive policy agenda for improving the privacy and security of digital identity solutions. The report highlights five key initiatives:
- Prioritize the development of next-generation remote identity proofing and verification systems.
- Change the way Americans use the Social Security Number.
- Promote and prioritize the use of strong authentication.
- Pursue international coordination and harmonization of identity standards.
- Educate consumers and businesses about better digital identity solutions.
Source: Equifax Press Release