Features include registering, identity proofing, screening, credentialing, authenticating, reporting and notification management SureID has announced the launch of SureID Certified Enterprise, a high-assurance identity that provides configurable identity assurance for organisations of all sizes across government and private enterprise. With the ability to integrate into an organization’s existing systems, SureID offers identity solutions to enhance an organization’s confidence that it knows its third-party vendors and contractors who access critical systems and physical locations. Rise in cybersecurity incidents According to a 2016 independent study conducted by the Ponemon Institute titled “Data Risk in the Third-Party Ecosystem,” 75 percent of businesses said cybersecurity incidents related to vendors are increasing. The study also indicated that almost 50 percent of the respondents stated their organisation experienced a data breach caused by a vendor. Not only are data breaches prevalent, they are costly. The “2016 Cost of Data Breach Study: Global Analysis” from the Ponemon Institute concluded that the average total cost of a data breach grew this year from $3.8 million to $4 million per incident. “SureID has provided best in class, high-assurance identities for the Department of Defense and its contractors for the past 15 years,” said Steve Larson, chairman and CEO of SureID, Inc. “We are now introducing our high-assurance identity to commercial enterprise and other federal customers. Whether a company needs a PIV-I solution to meet government compliance requirements or manage their vendor and contractor employee populations, or both, SureID Certified Enterprise offers the identity solution to meet a company’s needs.” The SureID Certified Enterprise identity solution includes: SureID Certified Enterprise: For medium and large-sized businesses needing a high-assurance identity for vendors and contractors. This identity can integrate within a commercial enterprise organisation’s existing credential or identification badge system. SureID Certified Enterprise also includes a thorough background screen that can offer ongoing monitoring to an identity on a subscription basis. SureID Certified Management Portal: The portal offers full credential lifecycle management for third-party vendors and contractors. Features include registering, identity proofing, screening, credentialing, authenticating, reporting and notification management. The portal also provides real-time revocation allowing system administrators to status check and immediately revoke any credential. SureID Certified API: The Application Program Interfaces (APIs) integrate to existing enterprise identity and access management (IAM) systems, as well as to logical and physical access controls. SureID Certified PIV-I: For government contractors, the new streamlined SureID Personal Identity Verification-Interoperable (PIV-I) federated solution can integrate within an organisation’s existing infrastructure, enable multifactor authentication and provide trusted access through the federal bridge. This trusted identity can also help Department of Defense (DoD) and other federal government contractors to achieve NIST SP 800-171 compliance. Advanced vendor management systems Industry analysts have also called attention to the need for advanced vendor management (VM) systems. Christopher Ambrose, research vice president at Gartner, commented that “Although regulatory pressures are growing, improving VM should not just be a response to regulations, but rather a desire to apply a better and more standardized discipline to the management of the life cycle of vendor relationships.” Ambrose went on to predict that “by 2017, CIOs will develop vendor relationship skills as a top-five competency to extract business value and innovation from strategic vendors.”* *Gartner, 2015 Strategic Roadmap for Vendor Management, October 21, 2015 Save Save
HID and SureID integration enables organisations to verify the identity of vendors, contractors to increase security HID Global®, a worldwide leader in secure identity solutions, and SureID, Inc., a leader in identity management programmes and solutions, recently announced a technology alliance that combines HID Global’s breakthrough Seos® credential technology with SureID’s high-assurance identity management programs. These programs provide organisations the ability to conduct identity screening, verification and credentialing for vendors, contractors and volunteers in order to increase safety and security. The SureID program is ideal for better identifying and verifying individuals whom businesses can trust. Identity management solutions powered by Seos “With identity solutions powered by Seos®, customers have the potential to use any combination of smart cards, smart phones, tablets, wearables and other smart devices to secure more applications than ever before,” said Anthony Ball, President of Identity and Access Management with HID Global. “Our technology alliance with SureID, the nation’s commercial leader in high-assurance identity management, is the latest example of how HID Global’s innovations are broadening the possibilities for identity management to enhance the end-user experience.” Seos-enabled credentials from HID Global Seos-enabled credentials from HID Global represent a new era of freedom and convenience by making it possible for identity credentials to reside on any smart device while instilling confidence that identities are secure and privacy is protected. “HID Global is the leader in identity and access control technologies,” said Steve Larson, Chief Executive Officer of SureID. “Building our identity services using leading-edge technologies from HID Global gives us the peace of mind that our customers will continue to receive highly secure and flexible high-assurance identity management solutions that are based on the latest technologies.” SureID’s PIV-I credentials based on HID CMS SureID, which is one of the nation’s largest issuers of PIV-I credentials, has more than a decade of experience in providing high-assurance identity management combined with ongoing vetting of individuals for some of the most security-conscious organisations in the world. SureID’s PIV-I credentials are based on HID Global’s Credential Management Solution (CMS).
Goldman Sachs' credit facility allows SureID to accelerate its growth of high-assurance identity management solutions SureID, Inc., a national leader in high-assurance identity management solutions, announced recently that it has closed on a capital raise with Goldman Sachs Specialty Lending Group L.P. This credit facility allows SureID to accelerate its growth, including through expansion of high-assurance identity management solutions for consumers as well as government and commercial organisations. Largest single round of financing “This funding will help us execute our expansion plan,” said Steve Larson, SureID Chairman and CEO. “Given the growing importance of identity management and our tested and trusted solutions, the timing of this capital raise is excellent to help ensure we have the resources to meet the growing demand for our services.” This past year, SureID was named to the Inc. 5000 list of the nation’s fasted growing companies for the fifth year in a row. This financing marks the largest single round of financing in the company’s history and comes at a time when the company is on pace for another year of record annual revenues and when enrolments in its flagship RAPIDGate Programme is at an all-time high. Goldman Sachs Specialty Lending Group ("GSSLG"), founded in 2004, operates as the middle market financing and investing platform within The Goldman Sachs Group, Inc. SureID was advised on the deal by Deloitte Corporate Finance LLC and was represented by legal counsel from the Portland office of Perkins Coie LLP.
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