Socure Earns "Moderate" FedRAMP® Authorization

Socure is now authorized to provide secure, accurate digital identity verification to federal agencies focused on fighting fraud and improving the delivery of services online

INCLINE VILLAGE, Nev., March 27, 2025 /PRNewswire/ -- Socure, the leading provider of artificial intelligence (AI) for digital identity verification, compliance, and fraud prevention, today announced that its Socure For Government (SocureGov) platform has achieved the "Moderate" authorization from the Federal Risk and Authorization Management Program (FedRAMP^®).

The General Accountability Office's (GAO) 2025 update to its High-Risk Series highlighted how reducing improper payments and fraud in key programs such as those administering taxes, grants, emergency relief, and Medicare, could save billions while improving government efficiency and effectiveness. SocureGov harnesses AI to help agencies address many of the challenges leading to higher rates of identity fraud and improper payments while delivering both security and service at scale.

Through SocureGov, agencies will have access via a single platform to advanced digital identity proofing and fraud prevention capabilities to realize a simple, seamless, and secure verification process for the American public. Central to the platform is the application of AI and machine learning techniques to analyze and correlate every facet of an individual's digital identity, accurately verifying identities and bank accounts in real time while simultaneously detecting and preventing fraud before it occurs.

This milestone underscores Socure's ongoing commitment to scaling public sector adoption of accurate digital identity verification that combats fraud and keeps federal, state, and local information secure. Socure is currently being used by more than 34 state agencies and 3 federal agencies to stop tens of billions of dollars in annual fraud losses without compromising access or inclusivity to the government benefits and services that the public depends on.

"We stand at a defining moment in identity and fraud prevention—an inflection point where complacency is no longer an option. The adversaries are advancing, but so are we. With Socure achieving FedRAMP authorization, federal agencies now have the power to take the fight to them, leveraging the most advanced identity verification technology to protect our nation and eliminate taxpayer fraud losses. The time to act is now—because fraud prevention isn't just a necessity, it's a responsibility," said Jordan Burris, Head of Public Sector at Socure.

Socure's platform offers public sector agencies:

• Auto-approval of more eligible individuals - 99% for mainstream populations, and up to 94% for hard-to-identify populations including Gen Z, millennials, and new-to-country individuals vs legacy providers who can only verify between 65-75% of the US adult population.
• More effective fraud prevention, capturing 99% of third-party identity fraud in just the riskiest 5% of users vs legacy providers who can only stop 40-55% of third-party ID fraud attacks.
• Reduction of manual reviews and unnecessary video referee costs with fully automated identity verification and fraud prevention, with a response time of just milliseconds vs legacy providers who can take up to weeks to verify an identity or require in-person verification.
• A fully automated document verification predictive analytics platform to process identity verification for the ~1% of the population who can't get verified automatically vs legacy providers who require 25-35% of the US population to go through friction-filled methods to get verified.

With more government services moving online and shifting towards adopting forward-leaning approaches to combating identity fraud, Socure is prepared to bring its best-in-class analytics and technology from the private sector to help build the future of government programs online.

FedRAMP^® removes the burden on federal agencies to undertake a lengthy security review and authorization process before adopting innovative cloud solutions. Socure has also been named to the State Risk and Authorization Management (dba GovRAMP) Program's Authorized Product List in January of 2024 after illustrating the core regulatory and industry-defined requirements for GovRAMP compliance. The offering is also listed on the Kantara Trust Status List as an approved IAL 2 Component service.

About FedRAMP
FedRAMP is a government-wide program that promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security and risk assessment for cloud technologies and federal agencies.

About Socure
Socure is the leading provider of AI-powered digital identity verification and fraud prevention solutions, trusted by the largest enterprises and government agencies to build trust and mitigate risk, anytime through the customer lifecycle. Socure's industry-leading platform achieves the highest accuracy, automation and capture rates in the industry. With the acquisition of Effectiv, Socure expands its capabilities to offer end-to-end identity fraud and payment risk management, integrating advanced transaction monitoring, credit underwriting and know-your-business (KYB) solutions into its platform.

Serving more than 2,800 customers across financial services, government, gaming, marketplaces, healthcare, telecom, and e-commerce, Socure's customer base includes 18 of the top 20 banks, the largest HR payroll providers, the largest sportsbook operators, 34 state agencies, three federal agencies, and more than 500 fintechs. Leading organizations including Capital One, Citi, Chime, SoFi, Lili, Green Dot, Robinhood, Dave, Gusto, Poshmark, Uber, DraftKings, PrizePicks, the State of California, the State of Florida, and many more trust Socure to deliver certainty in identity across onboarding, authentication, payments, account changes, and regulatory compliance. Learn more at www.socure.com.

SOURCE Socure