FPC Gets $1M Order from Provider of FIDO Solutions

Fingerprint Cards AB (Fingerprints) has announced that it has received a purchase order valued at over $1 million from a global provider of FIDO solutions.

In recent years, an increase in cyber-attacks has brought greater attention to IT security among company leaders and policymakers, with the attacks often taking advantage of compromised passwords, prompting interest in alternative authentication methods.

Passwords are frequently viewed as a significant vulnerability in IT security, leading to a growing interest in alternative authentication methods. Biometrics are seen by many as a way to address this issue by offering a secure solution, either as a standalone method or as part of a multi-factor authentication system.

“We have recently seen a growing demand for biometric logical access solutions, and specifically FIDO certified solutions,” said Hila Meller, Chief Revenue Officer of Fingerprints. “Zero Trust networks put secure identities at the core of their security controls and drive a need for strong password-less authentication solutions.”

This news follows the recent announcement that Fingerprints and IN Groupe, through its SPS brand, have launched a secure component solution for contactless biometric payment cards. That collaboration looks to scale up the production of next-generation biometric payment cards to meet the growing consumer demand for contactless payments, with a focus on simplifying manufacturing processes, enhancing reliability, and reducing costs.

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July 12, 2024 – by Tony Bitzionis