Logjam of Pending Security Clearances Can Be Expedited with New Partnership
Receiving a security clearance is a critical element in the hiring process for many jobs – especially within government agencies. With a security clearance backlog of more than 500,000 cases in the government alone, TransUnion (NYSE: TRU) and Giant Oak have partnered to expedite this process while ensuring prospective employees are properly vetted.
The partnership allows for enhancements to Giant Oak’s GOST® technology, which uses proprietary machine learning algorithms, artificial intelligence and behavioral science methods to ensure government agencies can meet the ever-increasing demands of hiring and onboarding employees. As a result of this partnership, a government employee charged with screening employees will be now be able to conduct in one day that would normally have taken them approximately one month.
“A fast, yet effective security clearance screening process is critical for our government and other businesses to function efficiently,” said Jonathan McDonald, executive vice president of TransUnion’s public sector business unit. “The combination of Giant Oak’s GOST technology and TransUnion’s vast data resources and analytics will allow organizations to focus on generating results by accelerating numerous activities associated with screening employees.”
In addition to security clearance screening, the partnership allows for an expanded continuous vetting process that can quickly identify possible employee threats on an on-going and proactive basis. The combination of TransUnion and GOST can reduce workload for administrators by more than 90% and provide a 30x lift in productivity. TransUnion enhances Giant Oak’s indexed publicly available electronic information (PAEI) with vital information related to unique sets of public and proprietary data – including credit header data, criminal records and public records data. The data is coupled with flexible analytics to help agencies detect and prevent cyber fraud, and make connections between people, businesses, assets and locations.
“This partnership drives towards our mission to help ensure public safety and security, manage compliance and boost services for constituents served,” said Dr. Gary Shiffman, CEO and founder of Giant Oak. “TransUnion will help us further integrate behavioral science and domain expertise in everything we do. We follow a scientific process inspired by years of working across the information spectrum.”
For more detailed information about the enhanced GOST® solution and the combined efforts of TransUnion and Giant Oak, please click here.
TransUnion’s Public Sector division provides fraud, benefit eligibility verification, continuous evaluation services, identity authentication, data breach response, investigation services, and other key solutions to federal, state and local government agencies in the U.S. TransUnion’s solutions help both private and public sector organizations manage risk and reduce costs.
About Giant Oak and GOST® solution:
Government: GOST® allows government agencies to screen individuals and organizations quickly and efficiently, as well as sort entities by threat level, making jobs easier. It is the only domain-specific search tool enabling large-scale, high-speed screening and continuous evaluation. GOST® has been successfully used by the Department of Defense, Department of Homeland Security, Department of State, Department of Treasury, Law Enforcement Agencies, and non-governmental organizations (NGOs) for counter-terrorism efforts, counter-trafficking efforts, and other national security needs.
Financial: GOST® is the fastest, most reliable negative media search tool on the market and conforms to the highest security standards used by the financial services industry. Its sophisticated risk-scoring method targets of the most relevant information on every customer, and can generate individual reports or a prioritized summary of thousands of people or companies in minutes. It has been successfully used in know-your-customer (KYC), customer due diligence (CDD), enhanced due diligence (EDD), anti-money laundering (AML), counter-threat finance, fraud and corruption investigations, counter-terrorism, and counter-trafficking applications.
Those in the financial sector tasked with screening customers, detecting financial fraud, and preempting malicious behavior need a technology solution that makes screening and detection more effective and efficient. With GOST you can improve compliance and mitigate risk. What used to take hours … now only takes minutes.
Source: TransUnion Press Release