NEW YORK--(BUSINESS WIRE)--Socure, the leading provider of digital identity verification and fraud solutions, today announced that Jordan Burris has joined Socure as senior director, product market strategy, public sector. Burris will be instrumental in replicating Socure’s commercial success and leadership in its rapidly expanding public sector business, built to support the government’s digital transformation.
Burris has spent more than a decade working to improve the digital trust of organizations and saw a big opportunity for Socure to address the challenges that government agencies face while eliminating taxpayer losses and drastically improving access for the public. As the trusted, proven identity verification and fraud platform for enterprises of all sizes, including four of the five largest banks and seven of the 10 largest credit card issuers, Burris was inspired by Socure’s broad identity coverage for diverse populations and its mission to verify 100% of identities in real time across every transaction on the Internet.
“I joined Socure to promote a more equitable and inclusive identity verification standard for the American public and transform the way public sector benefits and services are accessed and delivered,” said Burris. “Bringing the most accurate and inclusive identity verification and fraud detection platform in the market to the public sector is vital for supporting the government’s digital transformation, stopping fraud, and creating a safe and seamless experience for all.”
Prior to his role at Socure, Burris served at the intersection of policy and delivery as the Chief of Staff in the White House Office of the Federal Chief Information Officer. He was responsible for orchestrating the execution of technology and cybersecurity efforts across two Presidential administrations to include the oversight of the federal government’s $90B technology budget. Burris is a well-regarded strategist and thought leader behind the development of government-wide technology and cybersecurity policy, notably in the domain of identity, credential, and access management (ICAM). Before joining the government in 2017, Burris worked for Deloitte, helping both commercial and public sector clients improve their cybersecurity risk management practices.
As it did in other industries, the pandemic forced government benefits and services online, and outdated knowledge-based authentication (KBA) and heavy manual-review approaches created friction and delayed benefits and services for the public, especially among 18-to-25-year-old, new-to-country, underbanked, and thin-file individuals. With most state agencies still using these legacy approaches to identity verification, fraud also skyrocketed, resulting in more than $400B in unemployment identity fraud being reported last year.
“Adding Jordan to the team is a huge endorsement for our industry-leading solutions and the opportunity in the public sector to improve citizens’ online experience and stop needless fraud, waste, and abuse,” said Matt Thompson, Socure’s general manager of public sector solutions. “Jordan will drive a meaningful dialogue with government agencies to solve their identity fraud challenges, eliminate massive financial losses, and improve inclusive access to government benefits and services.”
To learn more about how identity fraud was perpetrated during the pandemic and the identity verification framework that can prevent future fraud attacks, join this upcoming webinar moderated by Jordan, and featuring public sector identity expert Jeremy Grant of the Better Identity Coalition along with identity fraud authority Dr. Stephen Coggeshall, co-founder and retired chief scientist for ID Analytics. Registration is free and now open to the public by registering here.
Socure is the leading platform for digital identity verification and trust. Its predictive analytics platform applies artificial intelligence and machine learning techniques with trusted online/offline data intelligence from email, phone, address, IP, device, velocity, and the broader internet to verify identities in real time. The company has more than 750 customers across the financial services, gaming, healthcare, telecom, and e-commerce industries, including four of the top five banks, seven of the top 10 card issuers, three of the top MSBs, the top payroll provider, the top credit bureau, the top online gaming operator, the top Buy Now, Pay Later (BNPL) providers, and over 100 of the largest fintechs. Marquee customers include Chime, SoFi, Varo Money, Public, Stash, and DraftKings. Socure customers have become investors in the company including Citi Ventures, Wells Fargo Strategic Capital, Capital One Ventures, MVB Bank, Voyager, and Synchrony. Additional investors include Accel, funds and accounts advised by T. Rowe Price Associates, Inc., Bain Capital Ventures, Tiger Global, Commerce Ventures, Flint Capital, Scale Venture Partners, Sorenson, Two Sigma Ventures, and others.
Socure has received numerous industry awards and accolades, including being ranked as the fastest-growing identity verification company in North America on the 2021 Deloitte Technology Fast 500™ for the second year in a row, being named to the 2021 Forbes Cloud 100 List, Forbes’ Fintech 50 List 2021, and Forbes’ America’s Best Startup Employers 2021, being named to CB Insights: The Fintech 250 for the third year in a row, being awarded Best New Technology Introduced Over the Last 12 Months—Data and Data Services at the 2020 American Financial Technology Awards (AFTAs), being listed as a Gartner Cool Vendor, being recognized by Forbes as one of the Top 25 Machine Learning Startups to Watch, being awarded Finovate’s Award for Best Use of AI/ML, to name a few. Founder and CEO Johnny Ayers has also been recognized by Goldman Sachs as one of the 100 Most Intriguing Entrepreneurs of 2021.