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.