FIDO

New Forbes Insight Report Reveals Almost 70% of Banking and Finance Leaders Believe AI-Powered Fraud Will Threaten the Security of User Transactions in 2024

Retrieved on: 
Wednesday, March 27, 2024
CIO, Microsoft, Organization, MFA, Innovation, Risk management, Intelligence, Corporate title, Fraud, Research, CISO, FIDO, FIDO2, USB, Fintech, Traction, Online shopping

The Forbes Insights report highlights growing pressures and expectations for fraud prevention and user authentication based on survey results from 200 business leaders in banking and financial services.

Key Points: 
  • The Forbes Insights report highlights growing pressures and expectations for fraud prevention and user authentication based on survey results from 200 business leaders in banking and financial services.
  • This is the latest original research from Forbes Insights, which provides actionable intelligence for C-Suite executives and other industry participants.
  • The technology is now available to make the user experience truly seamless and address password problems that only create security holes and increase customer frustration.
  • Key insights from the report include:
    Customer Experience – Improving customer experience is a main driver in implementing new security techniques.

Trust Stamp releases a White Paper on its AI-Powered Stable-IT2 Technology

Retrieved on: 
Tuesday, March 12, 2024
FIDO, Stable, Trust, FIDO2, IT2, Face, Security printing

Atlanta, GA, March 12, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM has released a white paper discussing its Stable-IT2 technology and potential use cases.

Key Points: 
  • Atlanta, GA, March 12, 2024 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity CompanyTM has released a white paper discussing its Stable-IT2 technology and potential use cases.
  • In particular, the white paper addresses the use of the Stable IT2 in FIDO implementations.
  • Stable IT2 incorporates all of the benefits of Passkeys while introducing an additional layer of authentication to bolster security further.
  • We are, therefore, one-step closer to creating a biometric-bound digital identity token.”
    To request a copy of the white paper: [email protected]

Prove Identity Appointed to FIDO Alliance Board

Retrieved on: 
Tuesday, February 20, 2024
CMO, Reputation, FIDO2, Organization, FIDO Alliance, FIDO, Partnership, Cryptocurrency

Leader in Digital Identity Verification and Authentication Brings Expertise in Ensuring the Highest Standards for Authentication and Device Attestation.

Key Points: 
  • New York, New York--(Newsfile Corp. - February 20, 2024) - Prove Identity, Inc. ("Prove"), the global leader in digital identity, today announced it has been appointed to the FIDO Alliance Board of Directors .
  • Tim Brown, global identity officer at Prove, will serve as the company's Primary Board Delegate.
  • "It's an incredible honor to join the FIDO Alliance Board," said Tim Brown, global identity officer at Prove.
  • "Serving as a board member puts Prove and the FIDO Alliance in an excellent position to keep setting the highest standards for the development, utilization and compliance of non-phishable authentication solutions bound by strong, frictionless identity verification.

Entersekt Awarded New Patent for Frictionless Multi-Factor Authentication (MFA)

Retrieved on: 
Wednesday, February 28, 2024
Other Professional Services, Security, Data Management, Technology, Finance, Fintech, Business, Apps, Applications, Professional Services, Online Privacy, Artificial Intelligence, Other Technology, Telecommunications, Patent Law, Networks, Internet, OTP, Friction, Secure, GDPR, Mozilla, Patent, Organization, FIDO, EMV, United States patent law, Apple, W3C, Privacy, Microsoft, PSD2, CCPA, Online shopping

Entersekt, The Financial Authentication Company, continues its trailblazing innovation in the fight against financial fraud with its 99th software technology patent application being granted by the US Patent office.

Key Points: 
  • Entersekt, The Financial Authentication Company, continues its trailblazing innovation in the fight against financial fraud with its 99th software technology patent application being granted by the US Patent office.
  • Entersekt was recently awarded a new patent for its approach in enabling frictionless, multi-factor authentication (US granted patent “Frictionless SCA”).
  • This now enables Entersekt to provide a multi-factor authentication solution without any explicit user interaction required.
  • This new patent underscores Entersekt’s pioneering role in shaping the financial authentication market and a commitment to continued innovation.

Everything Blockchain Inc. Poised for Growth in 2024

Retrieved on: 
Monday, February 12, 2024
Blockchain, OEM, Encryption, Internet, ADFS, Patent, Computer security, ESG, Zero trust security model, ART, FIDO, Fintech, IP, Pocs, EBI, CNIPA, SAML, Artificial intelligence, DBMS, Active Directory, Cryptocurrency

Performance testing showed up to 4x better performance against the competition and up to 40% cost savings.

Key Points: 
  • Performance testing showed up to 4x better performance against the competition and up to 40% cost savings.
  • In addition, by adding the ability to store embeddings and vectors, BuildDB is now able to displace traditional vector databases in AI applications.
  • We look forward to 2024 being a significant growth year as our platforms launch into the market and we acquire important customers.
  • To learn more about Everything Blockchain Inc, visit https://everythingblockchain.io/

LastPass is First Password Manager to Achieve FIDO2 Server Certification

Retrieved on: 
Tuesday, January 30, 2024
Software, Internet, Data Management, Technology, Apps, Applications, Online Privacy, Mobile, Wireless, Security, FIDO2, Multimedia, Certification, FIDO, YubiKey, LastPass, FIDO Alliance, CMO, Face, Online shopping

LastPass , a leader in password and identity management solutions, today announced it has achieved FIDO2 certification of its servers, making it the first password manager to achieve this certification.

Key Points: 
  • LastPass , a leader in password and identity management solutions, today announced it has achieved FIDO2 certification of its servers, making it the first password manager to achieve this certification.
  • FIDO’s certification process, conducted by FIDO auditors, reviewed, validated, and officially confirmed that LastPass’ servers meet the FIDO2 standards .
  • Customers can have peace of mind knowing that using FIDO2 authenticators for their login to LastPass provides for a more secure and accredited authentication to their vault.
  • FIDO2 certification is the latest milestone in LastPass’ passwordless journey:
    LastPass has been embracing a future without passwords since 2022, when it became the first password manager to provide a passwordless login experience to the vault with the LastPass Authenticator App.

2024 Identity & Payments Summit Agenda Explores How Industries Intersect Through Unified Identity, AI, Faster Payments, Authentication and More

Retrieved on: 
Monday, January 22, 2024
Transport, Identity, Summit, NFC, AI, Arizona Department, Entrust, EMV, JCB, Bluetooth, Mastercard, IDS, MDL, DMV, UWB, System, Access, FIDO, Education, Visa

REDWOOD CITY, Calif., Jan. 22, 2024 (GLOBE NEWSWIRE) -- The Secure Technology Alliance has just unveiled the agenda for its 2024 Identity & Payments Summit .

Key Points: 
  • REDWOOD CITY, Calif., Jan. 22, 2024 (GLOBE NEWSWIRE) -- The Secure Technology Alliance has just unveiled the agenda for its 2024 Identity & Payments Summit .
  • The agenda features sessions on instant payments, unified identity, digital IDs and mobile driver’s licenses.
  • The Identity & Payments Summit will be held February 26 through 28, 2024, at the scenic Westin La Paloma Resort and Spa in Tucson, Arizona.
  • For a full list of topics that will be covered at the Identity & Payments Summit, visit the agenda page on the Identity & Payments Summit website.

1Kosmos BlockID 1Key Extends Passwordless MFA to Restricted Environments Where Mobile Devices are Not Accessible

Retrieved on: 
Wednesday, January 24, 2024
Software, Insurance, Finance, Banking, Professional Services, Technology, Mobile, Wireless, Security, MFA, FIDO2, NIST, WebAuthn, Organization, System, FIDO, City centre

The BlockID 1Key which is connected to a shared workstation, is FIDO compliant and provides phishing-resistant passwordless MFA (multi-factor authentication) without the need to assign every user a physical key.

Key Points: 
  • The BlockID 1Key which is connected to a shared workstation, is FIDO compliant and provides phishing-resistant passwordless MFA (multi-factor authentication) without the need to assign every user a physical key.
  • BlockID 1Key also defeats unauthorized access due to key sharing and improves cycle time for customer-facing business processes, especially where login to multiple systems is required.
  • For workstation-independent environments, BlockID 1Key supports a register-once-use-anywhere model that allows users to authenticate and work on any managed device.
  • “Passwordless is extremely difficult and costly to deploy in environments such as call centers and manufacturing floors where mobile devices aren't permitted or used,” said Hemen Vimadalal, CEO of 1Kosmos.

Badge Innovation Cracks the Code in Security by Removing PII and Biometric Storage as Attack Vector for Data Breaches

Retrieved on: 
Wednesday, January 17, 2024
Senior, Privacy, SAML, MFA, Kerberos, Trust, Face, Software as a service, OAuth, OIDC, TLS, Identity, Freedom, NIST, Risk, KBA, MIT, PII, 2.0, Red Seal, FIDO, Friction, Cryptocurrency

SAN FRANCISCO, Jan. 17, 2024 /PRNewswire/ -- Badge Inc., the award-winning privacy company enabling Identity without Secrets™, today announced public availability of its patented authentication technology that renders PII and biometric credential storage obsolete, eliminating passwords, device redirects, and knowledge-based authentication (KBA) with "enroll once and authenticate on any device" ease. Among the first partners to collaborate with Badge is Okta. Now available on the Okta Marketplace, the two companies today announced integration with the popular Auth0 Marketplace, extending Badge's technology to Okta and Auth0 customers and highlighting the versatility and broader applicability of Badge's solutions within the Okta ecosystem.

Key Points: 
  • "Badge cracked the code on the leading cause of data breaches: stored credentials."
  • With Badge, the pervasive concern of PII being in the open and unprotected is over.
  • The extraordinary MIT minds at Badge cracked the code on the leading cause of data breaches – stored credentials.
  • For partners, Badge provides zero-code integration using standard protocols, including OAuth 2.0, OIDC, SAML, FIDO, TLS, Kerberos, and others.

BIO-key PortalGuard Wins 2024 Business Intelligence Group’s BIG Innovation Award for its Authentication Software

Retrieved on: 
Wednesday, January 10, 2024
Identity management, MFA, International, As a service, FFIEC, Identity, NIST, IAM, Organization, Software, Access management, Workforce, FIDO, FTC, Cryptocurrency

“We are pleased to have been selected by Business Intelligence Group as a leader in the software category recognizing BIO-key for our advanced enterprise IAM solutions”, stated Mike DePasquale Chairman and CEO BIO-key.

Key Points: 
  • “We are pleased to have been selected by Business Intelligence Group as a leader in the software category recognizing BIO-key for our advanced enterprise IAM solutions”, stated Mike DePasquale Chairman and CEO BIO-key.
  • “Innovation is driving our society,” said Maria Jimenez, chief nominations officer of the Business Intelligence Group.
  • Nominations were then judged by a select group of business leaders and executives who volunteered their time and expertise to score submissions.
  • After this rigorous selection process, BIO-key was named the winner of the BIG Innovation Award in the prestigious Software category.