TransUnion (NYSE: TRU) announced today it completed a FedRAMP® Ready assessment for TruValidate solutions for government, which help public agencies interact with American public users to help protect against fraud.
The Federal Risk and Authorization Management Program (FedRAMP) is a government-wide program that provides a standardized approach to security assessment, authorization and continuous monitoring for cloud products and services.1 Achieving FedRAMP compliance is required by federal contracts employing the use of advanced cloud-based technologies, with a number of states at various levels of adoption as well.
“Bringing TruValidate’s suite of flexible anti-fraud capabilities to FedRAMP readiness is a critical step,” said Jeffrey Huth, senior vice president of TransUnion’s Public Sector business.
TransUnion is pursuing FedRAMP Certification with a rapid path forward using mature and tested tooling. Solutions have been assessed by a leading Third-Party Assessment Organization as qualifying for FedRAMP Ready status.
TruValidate Identity Verification for government introduces friction-right experiences for constituents applying for and accessing government programs, reducing the amount of time and effort required for legitimate constituents to prove their identity with high assurance.
Conversely, this product helps to detect bad actors attempting to defraud government programs and steal benefits and tax refunds from legitimate constituents using its mature Identity Graph that continuously evaluates accuracy.
TRU shares took on 71 cents early Wednesday to $88.38.
