Newly-formed identity verification solution provider Q5id has announced the launch of its new multi-factor Proven Identity Management (PIM) biometric identification technology. Q5id uses a combination of biometric and live real-time authentication to prove an individual’s identity for secure digital transactions. With identity fraud being a major concern for both consumers and businesses, Q5id hopes to…
TypingDNA, a specialist in behavioral biometrics-driven authentication, has had an eventful year, adding One Time Password functionality to its platform in late spring, and bringing the platform to mobile operating systems this month. But now, in a new post on its website, the company is seeking to explain what makes its core technology so special.…
Acceptto has integrated with Apereo’s Central Authentication Service (CAS) in an effort to deliver a more comprehensive single sign-on solution. Acceptto is a behavioral biometrics specialist and the developer of the Continuous Biometric Authentication platform, which will now support multi-factor authentication and passwordless QR authentication thanks to the CAS arrangement. As with any single sign-on…
The University of Memphis Research Foundation (UMRF) has announced they have licensed their patented multi-factor authentication (MFA) system to i2Chain, a Silicon Valley cybersecurity startup. While most MFA methods require the user to provide at least two differing elements to verify their identity — often a combination of a PIN, password, smart card, or biometrics…
“…just as younger consumers tend to show a higher preference for mobile banking, those in the 18-34 age range tend to prefer using the biometric authentication capabilities of those devices, whereas older survey respondents showed more of a preference for security questions.” Customers are increasingly accessing financial services on mobile devices, and providers need to…
“In this environment, any device could contain confidential information that might be considered harmful if it were to get into the wrong hands and potentially put our country at great risk.” – Mike DePasquale, CEO, BIO-key BIO-key‘s biometric authentication solutions are now helping to secure the digital assets of employees in the legislative branch of…
The FBI made headlines this week with a Private Industry Notice warning partners in the private sector about sophisticated hacks of MFA security systems, and BIO-key is celebrating the Bureau’s recommendations regarding biometric security. The FBI’s alarm over the issue appears to stem from hacking incidents cited in the FBI’s Internet Crime Complaint Center. These…
Ping Identity is gearing up for a planned IPO, announcing that it’s offering 12,500,000 common stock shares pursuant to a prospectus filing with the Securities and Exchange Commission. The company hasn’t yet set a date for its stock market debut, but says that its shares have been approved for listing on the New York Stock…
Lloyds Banking Group is upgrading its digital security with multi-factor authentication technology from Callsign. Callsign’s behavioral biometrics platform will allow Lloyds’ 15 million customers to leverage their biometric information to log into their accounts and authorize transactions. The integration is expected to offer a more seamless and more secure end user experience for those…
LexisNexis Risk Solutions has published a new report on The State of Patient Identity Management after polling more than 100 healthcare professionals about their cybersecurity practices. Carried out in collaboration with the Information Security Media Group (ISMG), the survey revealed that many healthcare providers may be overconfident about their organization’s ability to protect their patients’…
A new report from Transparency Market Research (TMR) predicts that the Identity-as-a-Service (IDaaS) market will hit $26.2 billion by 2027, with a CAGR of 26 percent during that period. The increasing demand for authentication and document verification technology is expected to fuel much of that growth as technology allows for the creation of more secure…
“This unique MFA solution is fully customizable and easy to scale so small businesses and large corporations can equally benefit from it.” – Raul Popa, CEO, TypingDNA TypingDNA is adding an extra layer of security to its keystroke biometrics platform. The company has announced the launch of TypingDNA MFA, a multifactor authentication solution that combines…
“We are very pleased Debbie and Mark have joined our company. Their years of experience in financial services, physical access, enterprise technology, global scale and culture fit make them ideal leaders to join our mission,” – Rob Douglas, Chairman & CEO, BioConnect BioConnect is looking to further build on excitement over its multimodal biometric authentication…
OneSpan has launched a comprehensive onboarding platform designed for financial institutions. The cloud-based solution is called Secure Agreement Automation, and it automates the entire account opening process to reduce costs and improve the end-user experience. Secure Agreement Automation runs on open APIs, and unites multiple services under one software umbrella, including eSignature, workflow and end-to-end…
“Enterprises care most about protecting their most valuable assets – their people, data and IP. The physical security systems of yesterday don’t have the intelligence and security that is demanded in today’s workplace.” – Rob Douglas, CEO, BioConnect BioConnect is offering a sneak preview of planned enhancements to its biometric access control offering, with a…
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…
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…
“The aim is to develop a highly sophisticated authentication system that can passively identify a user without relying on any single modality.” The US military is making progress in its effort to develop a ‘patterns of life’ authentication system to replace the Common Access Cards traditionally used by personnel. According to a new FCW report,…