January 28, 2014 -
BBVA, a financial institution has more than 120,000 staff, turned to Neoris to consult the company for this project, which eventually led to the introduction of AuthenWare’s behavioral biometric tools for second factor authentication.
“AuthenWare is part of our cyberbiometric architecture and acts as a mechanism for generating identity scoring. It allows us to have an additional element in the online risk decision making process of our employees,” Santiago Moral, Technical and Security Director of BBVA said.
Reported previously in BiometricUpdate.com, AuthenWare recently launched an app for authentication, leveraging its expertise in behavioral measurements. This app, called Tap a Tune, authenticates users based on their own unique sense of rhythm.
“In today’s world, security is based on unnatural demands, such as remembering complicated passwords; that’s why we developed a security solution that is based on human nature or human behaviors,” Felix Racca, CEO of AuthenWare said. “With AuthenWare, users login normally and the authentication happens seamlessly in the background. Our technology identifies the user based on their behaviors. The result is that users adopt online security because it is easier and more convenient.”
According to a recent research report on the remote biometrics market, which includes behavioral measures for security, the overall market is forecasted to reach $3.2 billion by 2016, growing at a CAGR of 33%.
“At Neoris, we are constantly offering our clients the latest technology innovation to help them maximize their investments,” Claudio Muruzabal CEO of Neoris said. “We believe biometric authentication, combined with the multi-channel security, sets a new standard in this area, and AuthenWare was the right partner for this project.”