The number of smartphone users in the United States is expected to top 308 million by 2024. At the same time, more and more smartphones are becoming “5G” ready, meaning they accommodate the recent network upgrade that allows for faster speeds, reliability and improved user experience.  This explosive growth brings new opportunities to gather and analyze data. It can also leave insurance carriers vulnerable to cybercrime. As fraudsters become more sophisticated in their attacks, it is vital for you as a carrier to protect your customers – and your business.  To do so, you’ll want to know critical information such as how recently a phone number has been ported and if any suspicious activities are associated with a phone number. 

Adding a multi-layered risk management approach to your authentication process can help you mitigate risk without alienating your customers.  LexisNexis Risk Solutions can help you make the most of your authentication strategy and prepare for the five “G”s of mobile strategy:

  • Get a game plan together
  • Gather accurate information
  • Gauge levels of risk
  • Guard against fraud
  • Grow customer satisfaction

Get ready for the 5G revolution with LexisNexis® Phone Finder and LexisNexis® One Time Password. Click the image below at right to view our latest infographic and then contact us at 800.458.9197.

Looking for more ways to Say “Yes” with Confidence? Visit our website to learn about our LexisNexis® ID Compass Platform.