Banking the unbanked

This is a guest post by James Stickland, CEO of Veridium. Nearly 3.5B people worldwide are unable to access banking services. To date, efforts at solving this problem have been built on traditional banking models, often requiring physical access to branches and onerous verification of identity. This approach doesn’t work in many emerging markets, leaving billions worldwide without access to financial services. Veridium, in collaboration with Wala – a blockchain-powered financial services platform – has embarked on a pilot program

Cybersecurity in 2018: drastic measures for drastic times

This is a guest post by James Stickland, CEO of Veridium. Many of us were affected by the Equifax data breach, but those of us in the cybersecurity industry were shaken to our core. The fallout of this and other major cyberattacks over the last few years has yet to be fully realized, and the sheer scale of these breaches has caused many enterprise leaders in security to finally call for a complete rethink of their strategies going into the

Eliminating passwords in the enterprise

This is a guest post by John Spencer, Chief Product Officer at Veridium Did you know that the average IT team spends more than 7 hours a week resetting employee passwords? At a company with 3,500 end users, that’s more than 45 work days per year. That’s a lot of time spent on a single task, time that could be better spent improving security, fixing other systems, and deploying new technology. Passwords are costing enterprises time and money, with significant

Secure mobile banking with biometrics

This is a guest post by David van Damme, responsible for partnerships and business development at bunq‎. The mobile industry is constantly evolving, particularly when it comes to what we are able to do with our devices. No trend highlights this better than the innovations occurring in mobile banking and fintech. However, the biggest challenge facing companies in mobile banking is the balance between offering a secure and simultaneously user friendly experience. Dutch-based, mobile-only banking firm bunq is on the forefront

Biometric trends for 2017

This is a guest post by Alan Goode, Managing Director at Goode Intelligence. Biometrics is one of the hottest topics in technology and cybersecurity markets today. The use of biometrics for user authentication and identity assurance is an essential improvement over usernames and passwords, and innovations in mobile devices, wearables, and other technologies are bringing biometrics to mainstream audiences. ‎ Join me for this webinar, Biometric Trends for 2017, on December 08, 2016, at 11:00am EST, as I discuss with

Top biometric identifiers: Risks & rewards

This is a guest post by Dr. Asem Othman, a biometric scientist at Veridium. While biometric identifiers offer the promise of enhanced authentication compared to prevailing norms, like passwords, their tight, and often unique, linkage to a person makes them highly valuable data to hackers. Hackers who steal, replicate or modify biometric identifiers can cause serious harm to organizations and individuals, since the biometric identifiers of an individual cannot be easily “reset” like passwords. To further explore the potential benefits

The password is dead

This is a guest post by Dr. John Callahan, Chief Technology Officer at Hoyos Labs. The death of passwords has been heralded for over a decade now, but these reports were often greatly exaggerated. In recent years this trend has begun to change, however, as new technologies are allowing companies to change how they secure access to digital assets. From traditional usernames and passwords to two-factor authentication, outdated security practices are failing to keep data secure. Last year, 63 percent

Beyond Touch ID

This is a guest post by Francis Mather, Director of Computer Vision at Hoyos Labs. Fingerprints are the most easily accessible biometric solution for mobile devices for the majority of users. High-end smartphones already come equipped with fingerprint sensors, and millions of people are using Touch ID to log into their devices and apps. From smartphones to credit cards, more businesses to beginning to adopt biometrics as a way to authenticate user account access. As these solutions become more widespread,

Nok Nok Labs to host webinar on mobile app authentication

Nok Nok Labs will host a webinar, with guest Forrester Research, titled “Mobile app authentication beyond passwords: what is next?” on December 15 at 10 am PST. This webinar will explain the current state of authentication for mobile apps and how organizations have deployed biometrics to protect consumer-facing applications and better engage with their customers while improving security, privacy and reducing costs. This webinar speakers are Andras Cser, VP and principal analyst serving security and risk professionals at Forrester Research

FIDO Alliance names ING, USAA board members, hosting Q&A webinar

The FIDO (Fast IDentity Online) Alliance announced that ING in Europe and USAA in the U.S have joined its board of directors. ING in Europe and USAA in the U.S. join the 25-member FIDO board of directors, which also includes financial institutions Bank of America, Discover, MasterCard, PayPal, and Visa, FIDO is seeing strong momentum from the financial services (FS) sector with several financial services expressing interest in joining FIDO since PayPal first joined in 2013 to establish the FIDO