FB pixel

U.S. insurance provider selects BIO-key fingerprint solution

 

An unnamed U.S. insurance provider focused on retirement products with total assets of nearly $250 billion has selected BIO-key EcoID fingerprint readers as an added layer of hardware-based user authentication to complement its existing password-based sign-in credentials for thousands of employees.

BIO-key’s EcoID solution, tested and qualified by Microsoft for use with Windows Hello, is a durable, compact, standalone USB-compatible fingerprint scanner designed for commercial use. EcoID is native to the Windows Hello biometric sign-in platform and includes a three-foot USB cord for plug-and-play functionality.

“Given the scope and potential business consequences of the recent Equifax data breach, organizations that house personal customer data face even greater pressures to take action in better securing their enterprise data,” stated Mike DePasquale, chairman and CEO, BIO-key. “As this insurance provider discovered in their review, biometric authentication is an excellent and tangible step in protecting the enterprise. Fortunately, the cost of integrating biometric technology is no longer prohibitive, as hardware and software costs have been reduced dramatically over the past year.”

BIO-key presenting at Sidoti & Company Fall 2017 conference

In other company news, BIO-key CEO Mike DePasquale will present at the Sidoti & Company Fall 2017 Conference in New York on Thursday, September 28th.

According to the conference website, Sidoti & Company is an institutional-quality equity research provider on Wall Street covering small- and micro-cap equities. The conference builds interest and visibility into this segment of the equity market and puts small- and micro-cap companies together with quality investors.

Just last month, BIO-key issued its financial results for Q2 2017 where its total revenues saw a 113 percent increase as compared to Q2 2016.

Article Topics

 |   |   |   | 

Latest Biometrics News

 

Deepfake detection upgrade for Sumsub highlights continuous self-improvement

Sumsub has launched an upgrade to its deepfake detection product with instant online self-learning updates to address rapidly evolving fraud…

 

Metalenz debuts under-display camera for payment-grade face authentication

Unlocking a smartphone with your face used to require a camera placed in a notch or a punch hole in…

 

UK regulators pan patchwork policy for law enforcement facial recognition

The UK’s two Biometrics Commissioners shared cautionary observations about the use of facial recognition in law enforcement over the weekend…

 

UK gov’t seeks covert surveillance tech in benefit fraud crackdown

The UK Department for Work and Pensions (DWP) has published a £2 million (US$2.7 million) tender seeking software and hardware…

 

Biometrics in warfare, surveillance raise new oversight challenges

A new Congressional Research Service (CRS) report warns that biometric technologies are moving from routine identity verification into more consequential…

 

Harvard, Linux Foundation launch open-source wallet for selective data sharing

The internet is seeing a wide-scale push towards identity verification and age assurance, but the question remains: how can users…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis and Buyer's Guides

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events