FIDO2

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.

Bitwarden Enhances Passwordless.dev Toolkit with Event Logs and Self-Hosting Capabilities for the Enterprise

Retrieved on: 
Wednesday, February 14, 2024
Software, Technology, Data Management, Security, Documentation, API, Growth, FIDO2, Workforce, SDK, Organization, WebAuthn, VPN, Risk, Online shopping

Bitwarden , the credential management leader, today strengthened its Passwordless.dev enterprise plan with event logs and self-hosting options.

Key Points: 
  • Bitwarden , the credential management leader, today strengthened its Passwordless.dev enterprise plan with event logs and self-hosting options.
  • Bitwarden Passwordless.dev, part of the Bitwarden credential management portfolio, is built on FIDO2 WebAuthn standards and offers extensive APIs for effortless passkey integration into customer-facing websites and enterprise applications.
  • Event logs enable enterprises to monitor system performance, identify security vulnerabilities, and enhance business compliance.
  • Bitwarden Passwordless.dev for developers and early adopters building FIDO2 WebAuthn based passkey authentication for websites and applications.

KONA I to introduce biometric smart cards with IDEX Biometrics in Japan

Retrieved on: 
Thursday, February 8, 2024
Partnership, USD, Private sector, FIDO2, Credit, KONA, IDEX Biometrics, ID

Oslo, Norway and Tokyo, Japan – 8 February 2024 – IDEX Biometrics and KONA I are partnering to deploy biometric payment and access cards in Japan.

Key Points: 
  • Oslo, Norway and Tokyo, Japan – 8 February 2024 – IDEX Biometrics and KONA I are partnering to deploy biometric payment and access cards in Japan.
  • KONA I expects banks to begin offering high-technology biometric cards to consumers in the second half of 2024.
  • KONA I and IDEX Biometrics smart card platform provides the cybersecurity market with an end-to-end authentication platform focused on digital security, and compatible with standard protocols such as FIDO2, as well as biometric payments cards.
  • “The partnership with IDEX Biometrics enables us to react to the fast-growing demand for biometric smart cards in Japan,” said Koichiro Sasai, Head of KONA Japan LLC as a subsidiary of KONA I.

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.

Liminal Forecasts $38.9 Billion Global Market for Customer Authentication by 2028

Retrieved on: 
Tuesday, January 30, 2024
Intelligence, TAM, Market, Travel, Research, FIDO2, Tourism, Face, Research report, Organization

NEW YORK, Jan. 30, 2024 /PRNewswire/ -- In a new research report by Liminal, the leader in digital identity market intelligence, the customer authentication market is expected to expand from a total addressable market (TAM) of $18.0 billion in 2024 to a staggering $38.9 billion by 2028, at a compound annual growth rate (CAGR) of 16.6%. This significant growth underscores the need for advanced security technologies, driven by escalating cybersecurity threats and increasing demands for enhanced security and better digital experiences. However, the report reveals a complex picture: while 83% of businesses recognize the security risks associated with multi-factor authentication methods like one-time passcodes (OTPs), 74% still plan to continue using them for customer authentication.

Key Points: 
  • NEW YORK, Jan. 30, 2024 /PRNewswire/ -- In a new research report by Liminal , the leader in digital identity market intelligence, the customer authentication market is expected to expand from a total addressable market (TAM) of $18.0 billion in 2024 to a staggering $38.9 billion by 2028, at a compound annual growth rate (CAGR) of 16.6%.
  • 83% of businesses recognize security risks with one-time passcodes, yet 74% plan to use them for customer authentication
    Jennie Berry, President at Liminal, comments, "Our research indicates a critical juncture in customer authentication.
  • Liminal's latest report, " The Market & Buyer's Guide to Customer Authentication ," explores the market dynamics and strategic decisions facing businesses and further examines the gap between supply-side innovations and demand-side adoption in the rapidly evolving market landscape.
  • 64% of organizations view adaptive authentication as the best way to balance security and user experience in customer authentication, a challenge common to nearly all.

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.

Keeper® Security Adds Support for Hardware Security Keys as Sole 2FA Method

Retrieved on: 
Wednesday, January 17, 2024
Cloud, YubiKey, Architecture, FIDO2, Android, Authorization, NIST, SMS, SIM, Heel, PIN, Organization, Privilege (evidence), IOS, Online shopping

CHICAGO, Jan. 17, 2024 /PRNewswire/ -- Keeper Security, the leading provider of zero-trust and zero-knowledge cybersecurity software protecting passwords, passkeys, privileged access, secrets and remote connections, today introduces support for hardware security keys as a single Two-Factor Authentication (2FA) method. Implementing user authentication with only a hardware security key enhances overall security by providing a robust physical second factor, mitigating remote attacks and reducing dependency on mobile devices. Administrators can enforce the use of a hardware key as the sole 2FA method and mandate even more robust restrictions by requiring the use of a PIN.

Key Points: 
  • CHICAGO, Jan. 17, 2024 /PRNewswire/ -- Keeper Security , the leading provider of zero-trust and zero-knowledge cybersecurity software protecting passwords, passkeys, privileged access, secrets and remote connections, today introduces support for hardware security keys as a single Two-Factor Authentication (2FA) method.
  • While support for hardware security keys is not new to Keeper®, users were previously required to have a backup 2FA option in addition to their security key.
  • Keeper enables users to have multiple security keys, allowing users to have backup keys, keys in multiple locations or keys for multiple devices.
  • However, setup of a security key as the sole 2FA method must be performed on the Web Vault or Keeper Desktop App.

Everything Blockchain Inc. Launches EB Control Enterprise

Retrieved on: 
Friday, January 5, 2024
DBMS, Zero trust security model, Blockchain, Active Directory, FIDO, CUI, SAML, EBI, ADFS, Controlled Unclassified Information, Privacy, FIDO2, Organization, Online shopping

Everything Blockchain Inc. , (OTCMKTS: EBZT), a technology company that is blending blockchain, DBMS and Zero Trust to deliver disruptive new ways to store, manage and protect data, has launched EB Control Enterprise.

Key Points: 
  • Everything Blockchain Inc. , (OTCMKTS: EBZT), a technology company that is blending blockchain, DBMS and Zero Trust to deliver disruptive new ways to store, manage and protect data, has launched EB Control Enterprise.
  • Expanding upon the celebrated EB Control platform, EB Control Enterprise will feature an enhanced centralized management portal, empowering companies to perform comprehensive enterprise management and reporting on a larger scale.
  • EB Control Enterprise now also plugs seamlessly into enterprise IT workflows such as Active Directory ADFS and adds support for FIDO 2 and SAML.
  • “The launch of EB Control Enterprise will revolutionize data security for major corporations, granting them the ability to retain control over their data regardless of its destination or recipients,” says Toney Jennings, CEO of Everything Blockchain, Inc. “EB Control Enterprise sets the stage for a cybersecurity landscape that is not only more secure but also highly resilient, especially as threats and threat actors continue to evolve.”
    Notably, EB Control Enterprise includes a FIDO2 compliant integration, designed for user login enhancements.