Property Exchange Australia selects Verizon for online security

Wednesday 26 November 2014 13:38 CET | News

Property Exchange Australia has selected a Verizon credentials identity-authentication solution to secure its new national electronic-conveyancing system.

The system eliminates the need for purchasers to manually complete multiple forms, and allows Land Registries, financial institutions and practitioners to transact online together.

PEXAs electronic-conveyancing systems functionality will support new mortgages, mortgage discharges, transfers, settlements, caveats, notices and other administrative documents in one electronic platform. The fully managed Verizon solution will enable PEXA to establish end-user identities across multiple systems and applications, creating a fully integrated, auditable trail. In addition, it enables users to digitally sign documents through a smart card. 

According to the Verizon 2014 Data Breach report, two-thirds of all breaches can be attributed to lost/stolen user credentials (user name/password).

Verizon Communications is a global provider of broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Property Exchange Australia, Verizon, online security, authentication solution
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

Industry Events