Security News
FIDO-certified multi-factor authentication provider LoginID this week announced that it raised $6 million in seed funding. Founded in 2019 and based in San Mateo, California, LoginID provides identity protection and control over personal information, helping companies add FIDO-certified biometrics to websites and applications, including ecommerce and banking sites.
LoginID announced a $6M round of seed funding to accelerate the adoption of a passwordless world. LoginID provides a wide range of APIs and SDKs which give enterprises the ability to integrate FIDO-certified authentication in as little as 15 minutes.
GitHub on Monday informed users that it had discovered what it described as an "Extremely rare, but potentially serious" security bug related to how some authenticated sessions were handled. A second patch was released on March 8 and on the evening of the same day the company decided to invalidate all authenticated sessions to completely eliminate the possibility of exploitation.
Transmit Security announced the release of BindID, customer authentication service that is completely password-free. "Is there anyone who hasn't had a frustrating experience with passwords? Whether it's trying to create and remember multiple passwords, answering security questions, continual resets or even being locked out of important accounts - passwords are impractical, burdensome and among the weakest links in security," said Mickey Boodaei, CEO and Co-Founder, Transmit Security.
An ever-evolving and rampant form of cybercrime that targets emails as the potential medium to conduct fraud is known as Business Email Compromise. This is why industry experts are coming up with email authentication protocols like DMARC to offer a high level of protection against impersonation.
BIO-key announced new capabilities for its PortalGuard IDaaS cloud-delivered authentication solution. To mitigate common threats while providing more convenient methods of authentication such as passwordless, biometric, and adaptive technologies, BIO-Key is introducing new innovations for PortalGuard IDaaS to better serve customers who are keen to have more options for securing their hybrid environments of cloud-based and on-premises applications, as well as multiple directory support, including Microsoft Azure.
The global out of band authentication market was valued at $443.81 million in 2019, and it is expected to reach a value of $846.80 million by 2025, registering a CAGR of 11.37% over the forecast period 2020 - 2025, according to ResearchAndMarkets. Some studies show that BYOD approach lets employees utilize the benefits of greater flexibility, collaboration, and work-life balance to improve productivity by up to 34%. However, it also raised security-related issues which are expected to drive the out of band authentication market as many enterprises are increasingly adopting software solution that generates one-time passcodes and sent using via email or SMS text message to establish a secure connection to secure their networks from the security threats.
Axiad, a provider of a cloud-based passwordless authentication solutions, has raised $20 million in growth funding from private equity firm Invictus Growth Partners. According to Yves Audebert, co-founder and co-CEO of Santa Clara, Calif.-based Axiad, the company has been bootstrapped and cash flow positive for more than ten years, with the company saying it protects more than 2.5 million enterprise credentials for hundreds of customers.
Intel introduced Intel RealSense ID, an on-device solution that combines an active depth sensor with a specialized neural network designed to deliver secure, accurate and user-aware facial authentication. "Intel RealSense ID combines purpose-built hardware and software with a dedicated neural network designed to deliver a secure facial authentication platform that users can trust," said Sagi Ben Moshe, Intel corporate vice president and general manager of Emerging Growth and Incubation.
Intel has gingerly dipped a toe into the face-based authentication market with the launch of its RealSense ID product. In terms of security, Chipzilla has made some bold claims, stating RealSense ID has a one-in-one-million false acceptance rate and can withstand the usual attempts to circumvent face-based authentication tools, like masks and photographs, with - according to its RealSense webpage - a spoof acceptance rate of less than 0.1 per cent.