HYPR showcasing decentralized authentication solutions at CES

This week at CES, HYPR Corp. CEO George Avetisov and CTO Bojan Simic are demonstrating how HYPR is being deployed across the Fortune 500 to prevent future breaches. HYPR decentralized authentication solutions offer enterprises an innovative approach to eliminating fraud and reducing the risk of large-scale credentials breaches. With more than 25 million users secured across the Fortune 500, HYPR will demonstrate the power, use cases and benefits of decentralized security. The showcase includes some of the leading use cases

HYPR joins Mastercard Start Path program

HYPR has been named to the latest class of Mastercard Start Path. Coming on the heels of the authentication solution provider’s recently announced Series A funding round of $8 million led by RRE Ventures, Mastercard’s strategic investment further enables HYPR’s decentralized authentication solutions to extend into the millions of users across the Mastercard payments ecosystem. “The importance of secure authentication has never been greater,” said Roman Kadinsky, COO of HYPR. “Working with Mastercard allows us to bring our decentralized authentication

HYPR closes $8 million funding round

HYPR Corp. has closed an $8 million Series A round of funding led by RRE Ventures with existing investors RTP Ventures, Boldstart Ventures, and Mesh Ventures also participating. The Series A round brings total funding to date to $12.8 million and enables HYPR to accelerate deployment of its next-gen security solutions. As part of this funding, industry veteran James Robinson IV of RRE Ventures will join HYPR’s board of directors. HYPR’s decentralized authentication greatly reduces the risk for enterprises of

Is Mastercard bridging the gap from passwords to biometrics?

This is a guest post by Thomas Yohannan, a mentor at Alchemist Accelerator. MasterCard rolled out an interesting initiative a few weeks back in South Africa. The company developed cards with an additional layer of security to counteract fraud — a biometric fingerprint sensor. By combining chip technology with your fingerprint, the company can now verify the cardholder’s identity for in-store purchases. The process is quite simple in that you stick your card into the terminal during payment. The biometric

HYPR appoints its first independent member to board of directors

HYPR Corp. has appointed IBM veteran Nicholas M. Donofrio as the first independent member of its board of directors. Donofrio currently holds seven technology patents and is a member of numerous technical and science honor societies. As director, Donofrio will provide HYPR with extensive expertise on scaling technology, operations and corporate governance earned during his lengthy tenure at IBM. “From the rise of personal computing to machine learning, Nick has experienced a half-century of innovation and disruption across multiple waves

​HYPR platform server component gains FIDO certification

HYPR Corp. announced that the server component of the HYPR platform has received FIDO Alliance certification after passing a series of strict conformance testing measuring interoperability to ensure its implementations are functional and compatible across all devices. Although the platform has secured over 15 million users across the financial services industry, IoT system makers including manufacturers of connected home product suites and physical access represent a growing part of HYPR’s partner portfolio. HYPR said it continues to work closely within

Juniper Research identifies leading disruptors in mobile biometric authentication

Juniper Research released a new research report that identified G&D (Giesecke & Devrient), Gemalto and Synaptics as the leading disruptors within mobile biometric authentication. The three companies are featured prominently within Juniper’s Biometric Platform Disruptors & Challengers Quadrant, released as part of its Mobile Payment Security: Biometric Authentication & Tokenisation research. Juniper defines leading disruptors as companies who possess the capabilities to disrupt the wider mobile ecosystem through the implementation of their platforms. The research firm asserted that while the

HYPR Corp. develops biometric shopping platform for retailers

HYPR Corp. has launched a secure biometric shopping platform designed for the eCommerce sector, which enables Fortune 500 enterprises to deliver secure, passwordless experiences to their customers across mobile, desktop, and IoT systems. The announcement comes in advance of the National Retail Foundation’s Annual Convention & EXPO aka “Retail’s BIG Show”, held January 15 to 17 at the Jacob K. Javits Convention Center in New York City. Designed to curb personal data theft, HYPR’s cybersecurity solution decentralizes the storage of

HYPR raises $3M to fund enterprise deployment of biometric security

HYPR Corp. has secured $3 million in funding from RTP Ventures, Boldstart Ventures and Mesh Ventures. The company will use the funds for rapid expansion of its security engineering talent base and its dedicated office space in the Herald Square area of central Manhattan. “This funding is earmarked for expanding our world-class engineering team in order to better serve our large enterprise customers,” HYPR CEO George Avetisov said in an email interview. “Securing this funding round with our enterprise software-focused

HYPR CTO to keynote cybersecurity for IoT makers and entrepreneurs workshop in NYC

HYPR announced that its Chief Technology Officer, Bojan Simic, will speak at the first Cyber Security for IoT Makers and Entrepreneurs Workshop in New York City. According to a company blog post, Simic will discuss how enterprises are deploying HYPR to provide a password-less authentication experience across the growing Internet-of-Things and the company will be showcasing how HYPR-2 enhances security and UX for IoT use cases by extending biometric tokenization down to the firmware level. The workshop is being organized