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Tag: Biometric Authentication

Veriff Modifies Its Face Match Identity Verification Technology

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A global identity verification service provider, Veriff has updated its Face Match identity verification technology. Face Match’s latest version speeds up creating a user verification procedure by using face biometrics (through a selfie) to match the returning user. It analyzes the person’s selfie to Veriff’s existing session data, allowing it to immediately recognize the user and activate their re-authentication settings, and workpiece and promote a more pleasant user engagement.

Veriff founder and CEO, Kaarel Kotkas, stated “For the past six years we’ve been working to build the most accurate verification service on the market. Now we are ready to launch a continuous authentication Face Match product that represents another step in the identity workflow. It enables biometrics to secure accounts throughout their whole lifetime making account takeover fraud history.”

Veriff’s AI-powered Face Match technology verifies that a returning user is who they say they are by employing biometric techniques to detect and mitigate fraudulent actions including account takeover and identity theft, while also reducing user friction.

Growing consumer verification and ongoing KYC are currently popular throughout all online enterprises. As the cryptocurrency industry depends on the notion of seamless virtual currency transfers, authentication is becoming increasingly important for businesses in this field as the demand for actual end-user security develops.

Veriff’s upgraded Face Match solution will provide the following benefits to users:

  • Increased protection against account takeovers. Face Match will need to confirm user actions like adding a new bank account, requesting a significant withdrawal, or logging in from a different location.
  • Increased asset protection.  Veriff’s biometric analysis improves overall safety in a simple, secure, transparent, and reliable way.
  • User security was maintained through a single solution setup. Current user and customer re-authentication activities are time-consuming.
  • Verify identity using a secure and reliable method. If users need to reset their crypto account credentials, Face Match assures that only the account owner has access.

AuthenticID and 1Kosmos partner to deliver identity proofing and authentication solutions to customers

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AuthenticID and 1Kosmos have established a cross-product strategic partnership to provide governments, organizations, and individuals with a comprehensive suite of identity proofing and authentication solutions.

Organizations may use AuthenticID and 1Kosmos together to validate a user’s identity for new account creation, accelerate customer onboarding, decrease expenses associated with manual document checks, and provide a quick and simple customer experience for password-less access deployment.

CEO of 1Kosmos, Hemen Vimadalal said, “This partnership provides customers with integrated end-to-end identity verification and proofing on a global basis. The 1Kosmos and AuthenticID standards-based solution have received every major market certification, including FIDO Alliance, NIST 800-63-3 IAL-2 / AAL-2, iBeta Biometric PAD-2 Liveness, GDPR, and SOC-2 for interoperability, security, and reliability.”

“Our combined products now allow us to support every identity use case for the physical, digital, blockchain, and metaverse ‘Web3.0’ economies and become the first identity platform to achieve both highest level certifications in the areas of proofing, verification, and authentication of Digital Identity. The combined platform leverages blockchain for credential verification keeping privacy by design principle at the core,” said Jeff Jani, CEO of AuthenticID.

The organizations will now collaborate to provide frictionless KYC onboarding and authentication to the workforce, end consumers, and citizens. The combined benefits of AuthenticID’s proofing and 1Kosmos BlockID password-less authentication technologies are also helpful in expanding use case support, lowering operating expenses, and enabling speedy and cost-effective scalability, all while adhering to worldwide privacy rules.

Cybersecurity Company Netrust Announced Partnership With Leading Biometric Technology Firm IDmission To Improve Cybersecurity Solutions

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A renowned provider of cybersecurity services in the Philippines, Netrust Philippines Corporation, has partnered with IDmission to provide improved security solutions to its clients in the Philippines and the wider ASEAN market. Due to increased cyber risk, digital transformation and remote work became the norm in many firms during the past year as a result of the pandemic.

“In this age of digital transformation, it is imperative for leaders to put a digital-first approach to stay competitive. As such, we in Netrust, whose main focus is on securing Identities, are thrilled with our partnership with IDmission, a leader in the eKYC and identity proofing space. This partnership will complete our Identity portfolio and allow us to provide the best technology for a seamless customer onboarding journey. Our partnership will provide that competitive edge for our clients to serve their own customers in the most efficient and secure manner,” said Ms. Jennifer Tongco, CEO of Netrust Philippines Corporation.

Using standard compliant security, passive liveness biometrics, artificial intelligence, and industry expertise, IDmission creates a seamless end-to-end encrypted identity verification procedure.

Because of this partnership, Netrust’s security will improve to the next level protecting the digital identities, applications and data of all of its clients. To combat the threat posed by increasingly sophisticated cyberattacks, new and more complex detection systems are needed. IDmission’s biometric identity verification system uses biometric identifiers to increase security, speed up the verification process, and prevent attackers.

“IDmission has been serving customers in the Asia Pacific for a few years. The Netrust partnership is a big step in the direction of providing new and existing customers better access to state-of-the-art identity technology and local support.” says IDmission CEO Ashim Banerjee,

SecureReview Rebrands as SessionGuardian

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SecureReview, an industry leader in cybersecurity for distributed workforces, has announced the launch of a new brand name and identity. SessionGuardian will be the firm’s new name, indicating their strong commitment to developing a new global standard for endpoint security. A new logo, brand name, and visual identity are all part of the rebranding.

“After launching the next evolution in remote endpoint cybersecurity, we felt it was the right time for a brand evolution. Our new SessionGuardian.com website and brand identity reflect our industry-leading position and clearly demonstrate the evolution of our endpoint security software and company. Our team is excited to deliver the future of cybersecurity as SessionGuardian,” said Jordan Ellington, founder and CEO of SessionGuardian.

Ellington and his market advisors founded SessionGuardian in 2017 after noticing a significant gap in conventional endpoint security procedures. They introduced software that uses biometric technology to enforce second-by-second facial recognition throughout remote user sessions, from log on to log off, in order to address this widespread threat that end users pose. 

SessionGuardian is better positioned to expand their impact on worldwide cybersecurity landscape with a new identity. They are proud to adopt a name that more precisely and strongly communicates the end-user vulnerability protection they provide.

Stytch raised $30M for an API-first passwordless authentication platform

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Stytch has raised $30 million in Series A fundraising led by Thrive, with participation from Coatue, Benchmark and existing investors, Benchmark and Index. Gaurav Ahuja of Thrive and Benchmark’s Chetan Puttagunta have joined as board of directors. Matthew Prince, Cassidy Williams, Neha Narkhede, and Joshua Browder are among the new angel investors on board.

They saw passwords firsthand at Plaid, both in terms of security and usability. They saw how easily people gave up when the authentication procedure became too difficult and easy passwords left users vulnerable to account takeover attacks.

Authentication, which underpins all of our online interactions, has been stuck in the 1990s despite the fact that user experience and security have both improved over the last few decades.

That’s why Stytch was created – to make the next generation of authentication passwordless.

They believe in developing tools and infrastructure that allow integrating authentication into apps and websites easier, faster, and safer. By adopting passwordless technologies, they’re making it simple to upgrade users’ authentication flows and provide exceptional user experiences.

Alternative authentication techniques have risen in popularity in recent years, utilising developments in both hardware (e.g. biometrics, YubiKey) and software (e.g. APIs for programmatic text + email), paving the way for a password-free future. However, developing a reliable new authentication system is a major job, requiring organisations to dedicate entire teams to the task. They see this as a huge opportunity to assist developers transition to a new era of authentication, where they can use simple APIs and SDKs to incorporate passwordless authentication solutions.

More than 350 developers are already using the Stytch platform to design user onboarding and login flows that include email magic links, SMS and WhatsApp passcodes, and one-click user invitations. They said that they have seen enterprises of all sizes drawn to the straightforward developer experience and flexibility given by their API-first strategy, including a handful of Fortune 500 companies who use the platform.

With the new funding, they want to introduce a variety of new authentication options to the platform, including mobile biometrics, WebAuthn, OAuth logins, QR codes, and push notification login. They are also beefing up the user infrastructure features that make Stytch the easiest and most frictionless method to onboard and engage users, such as session management, account recovery, and more effective fraud detection.

InfoSecurity Outlook Magazine focuses on keeping track of Information Security, Data Security, Cloud Security, IoT Security and Fraud Management related technology to help entrepreneurs protect their organizational data from threats and misuse.

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