Ipsidy has released its year end results for 2018, revealing that the company increased revenue and reduced losses as it expanded its operations in the Identity as a Service sector. Total year-end revenues climbed from $2.3 million in 2017 to $3.8 million in 2018, while net losses dropped from $17.5 million to $10 million and…
AppGuard has launched a new mobile app that is designed to provide “zero trust” security for organizations of all shapes and sizes. Dubbed TRUSTICA Mobile, the new app creates a unique key to encrypt every single text message, voice message, and file sent through the service. “Malware and malicious apps can’t steal or expose sensitive…
The carsharing company HyreCar is launching a new mobile onboarding app for iOS and Android devices. The platform is built using Mitek identity verification technology and is designed to streamline the car rental and application process. “We’re committed to providing both trust and convenience with each digital transaction and are thrilled to be supporting HyreCar…
GoChain and IriSafe are teaming up to build a new enterprise-level identity management solution that will take advantage of blockchain’s security capabilities. The new platform will utilize IriSafe’s iris recognition technology, which is itself based on an IriTech algorithm that the latter says has already been deployed by authorities in India, the United States, the…
BlackBerry Cylance is using behavioral biometrics to enhance its Cylance AI security platform. The new features are being introduced under the CylancePERSONA heading, and will deliver continuous authentication to its enterprise-level clients to detect and prevent fraudulent activity. “Every day, rogue insiders and external threat actors exploit valid user credentials to launch cyber attacks, so…
In recent years, more and more financial institutions have turned to biometric technology to improve security and customer service, incorporating solutions that range from voice banking software to facial recognition scans at ATMs. However, a new report from OneSpan suggests that it will take a considerable push to make the full transition to biometric authentication…
“Our integration with ForgeRock helps bring a true biometric based trusted identity to a leading Identity and Access Management platform.” – Rob Douglas, Chairman & CEO, BioConnect BioConnect has become the latest biometric security specialist to join the ForgeRock platform. ForgeRock offers a portfolio of curated security solutions to its client network, and has proven…
Fujitsu has announced that TEPCO Systems Corporation has deployed Fujitsu’s FIDO-certified Online Biometric Authentication Service to streamline its maintenance procedures. The platform is specifically being used to improve operations for TEPCO Power Grid, which handles utility pole maintenance in the company’s service area. As with other FIDO-certified services, Fujitsu’s Online Biometric Authentication app is designed…
“News of W3C’s WebAuthn approval comes on the heels of the announcement that the entire Android platform had received FIDO2 certification from the FIDO Alliance…” The WebAuthn authentication specification is now an official web standard, the World Wide Web Consortium (W3C) and FIDO Alliance have announced. The news comes almost a year after the announcement…
Veridium has announced the launch of InMotion, a new VeridiumID software platform that enhances mobile security with behavioral biometrics. The solution is geared towards businesses and individuals, and builds a behavioral profile to supplement other forms of biometric authentication. InMotion specifically focuses on the act of authentication itself. Whenever you use a fingerprint or facial…
With the mobile biometrics revolution now having been underway for about half a decade, it’s high time that a similar revolution should come to healthcare. And it is coming: Biometric technologies are starting to have a major impact on a range of areas in this sector, from EPCS to patient identification and even medical diagnosis.…
Ipsidy has deepened its existing partnership with South Africa’s Safetrade Africa and its Xpressa Payment Solutions division. Already an authorized Ipsidy reseller, Safetrade has now deployed Ipsidy’s Verified Portal Solution at its Xpressa call center to enable biometric authentication on customer support calls made from a smartphone. Verified is a selfie authentication platform that will…
“Thanks to MUFG Bank’s embrace of Nok Nok Labs’ S3 Authentication Suite, customers can now access mobile services using biometric authentication on their Android and iOS devices.” Japan’s largest bank is now offering online customers enhanced authentication security thanks to Nok Nok Labs and its partner Hitachi. Thanks to MUFG Bank’s embrace of Nok Nok…
The FIDO Alliance has announced that the entire Android platform has received FIDO2 Certification. The move immediately brings more than 1 billion Android devices under the FIDO2 umbrella, providing a massive boost to FIDO’s ongoing efforts to move beyond passwords and drive the transition to a biometric authentication standard. The development will simplify access management…
Ipsidy is making the case for digital visitor management in a new blog post, “Visitor Management Systems – Six Features to Shop” outlining what kinds of technologies are now available and why it’s a good idea to embrace them. A couple of the key advantages have to do with the visitor experience. Digital visitor management…
Financial security is important. It can also be frustrating when a transaction gets declined while you’re using your own credit card. According to BioCatch, false declines – that is, legitimate transactions that are flagged as potentially fraudulent – have a footprint 13 times bigger than the cost of fraud itself, a number that reflects the…
There’s no question that behavioral biometrics is one of the most exciting new modalities in biometric security. Many in the financial services sector have embraced such technology as a valuable second layer of authentication in users’ online sessions, and even the military is actively exploring how this kind of technology can be used to help…
“By being first to market with FIDO Alliance biometric component certification for their new line of Galaxy devices, Samsung is positioning the Galaxy S10 and S10+ as the industry best practice for biometric-enabled devices…” – Brett McDowell, Executive Director, FIDO Alliance The first solution to receive certification through the FIDO Alliance’s Biometric Component Certification Program…
OneSpan has issued its results for the fourth quarter and 2018 fiscal year, showing strong results that exceeded the upper end of its revenue guidance for the year. The Chicago-based authentication specialist saw revenues of revenues of $64.8 million in Q4, up 19 percent year-over-year. For the full 2018 fiscal year, OneSpan reports revenues of…