Crayonic Joins FIDO Alliance Ahead of Biometric KeyVault Launch

Crayonic is the latest company to become part of the FIDO Alliance. The Dutch decentralized identity specialist joins the Alliance as an Associate Member, and will work to reduce the need for passwords in identity and authentication applications.

In that regard, Crayonic indicated that it will release a new Cryonic KeyVault device based on FIDO standards before the end of the year. The KeyVault is a keychain-friendly security device that leverages multiple forms of biometrics (including behavioral biometrics) and a unique proof-of-free-will utility to verify the identity of its owner.

Cryonic is currently conducting a KeyVault Beta Program ahead of the official launch of the device. The company is hoping that the KeyVault will help address the recent increase in cyberattacks, citing an FBI Internet Crime Complaint Center report that found that COVID-related cybercrime has jumped 300 percent during the pandemic.

“Crayonic recognizes the value of the FIDO framework being adopted by the industry to protect access,” said CEO Peter Kolarov. “Secure identity and access solutions are more critical than ever as bad actors take advantage of COVID-19 with increased levels of phishing and financial fraud, while employees attempt to work remotely often bypassing security protocols and exposing sensitive data.”

“The FIDO Alliance is proud of our associate member for its dedication to the vision for strong authentication,” added FIDO Executive Director and CMO Andrew Shikiar. “They join a FIDO ecosystem vital to widespread adoption of interoperable, strong authentication that simplifies the user experience while raising security and privacy.”

The FIDO Alliance now includes more than 275 member organizations all over the world. AU10TIX became one of the newest members when it signed on back in April, while the tech giant Apple joined and took a spot on the board in February. The organization is now looking forward to its inaugural Authenticate conference, which will be a virtual event due to COVID-19.

–

September 10, 2020 – by Eric Weiss

Related News

Partners

FaceTec’s patented, industry-leading 3D Face Verification and Reverification software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ finally make trusted, remote identity verification possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for 3D Liveness and Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

AuthenticID provides 100% automated identity verification and fraud detection solutions that are leveraged by companies worldwide, including 2 of the top 3 U.S. Banks, 8 out the top 10 wireless providers in North America, and 2 of the 3 credit bureaus. Using proprietary computer vision and machine learning technology, these solutions help companies accurately verify the identity of their users across retail, digital and call center environments for onboarding and ongoing re-authentication events; KYC, IAM, and more. The solutions are easy to integrate and provide customers a large ROI by stopping fraud losses, increasing customer conversion at onboarding, reducing operational costs and allowing quick and cost-effective operational scalability, all while ensuring global privacy regulations are complied with. https://www.authenticid.com/

Anonybit is a privacy-focused technology platform that provides decentralized solutions for securing personal data, particularly biometric information. Rather than storing sensitive data in centralized repositories, which are vulnerable to breaches, Anonybit uses a distributed architecture that breaks data into smaller encrypted bits and stores them across a network of decentralized nodes. This approach ensures that no single entity has access to the full dataset, enhancing privacy and security, even preventing insider threats. Anonybit is used by leading banks, fintechs and other enterprises for critical biometric identity functions like deduplication and blocklist checks, step up authentication, passwordless login and account recovery https://anonybit.io/

Identity Week aims to be a significant identity industry catalyst. It’s our mission is to help accelerate the move towards a world where trusted identity solutions enable governments and commercial organisations to provide citizens, employees, customers and consumers with a multitude of opportunities to transact in a seamless, yet secure manner. All the while preventing the efforts of those intent on doing harm. https://identityweek.net/

The Biometric Digital Identity Prism is a market landscape framework designed to help influencers and decision makers understand, innovate, and implement digital identity technologies and solutions. This innovative framework for understanding and evaluating the rapidly evolving biometric digital identity marketplace is the only market model that is truly biometric-centric based on the foundational conviction that in the age of digital transformation the only true, reliable link between humans and their digital data is biometrics. https://www.the-prism-project.com

ID R&D is an innovator of biometric facial liveness, document liveness, and voice biometrics. Ranked #1 by NIST, our patented passive approach to liveness, and specialized detection of voice clones, injection attacks and deepfakes, empowers KYC and authentication systems with fast, accurate and secure biometric verification technologies. Over 140 partners in more than 70 countries are collectively processing hundreds of millions of identity checks per year. ID R&D solutions easily integrate with mobile, web, messaging, smart speakers, set-top boxes, and IoT devices. Learn more: www.idrnd.ai

Related News

Footer

Follow Us