HYPR partners with Samsung Pass for enterprise decentralized biometric authentication
HYPR Corp has formed a partnership with identity management-as-a-service application Samsung Pass to provide biometric workstation log-in capabilities to enterprise employees using Samsung mobile devices. Additionally, HYPR has secured a $1 million investment from Samsung NEXT.
HYPR’s technology stores credentials on the user’s device to avoid the risk of a central database hack, and combining with Samsung Pass removes the need for employees to manage multiple passwords or tokens, according to the announcement. The companies seem to have other use cases in mind as well, based on comments from Hector Lozano, Senior Business Development Manager of Samsung Pass.
“The work HYPR has done building decentralized biometric solutions directly aligns with what Samsung is trying to achieve with Samsung Pass,” said Lozano. “HYPR will help us reach more people who can use their Samsung devices to securely, and conveniently, authenticate themselves in split seconds. Whether you are unlocking your computer at work or getting cash from an ATM, it will only take a glance on the phone to get this done.”
“The centralized storage of employee credentials provides a risk the enterprise has always had to bear. By eliminating this single point of failure, the decentralized storage of personal credentials such as biometrics, PINs and passwords is a significant step forward for enterprise security,” said George Avetisov, CEO and Co-Founder of HYPR. “By working closely with the Samsung Pass team, we are able to greatly accelerate adoption and deliver a secure biometric experience throughout the enterprise.”
HYPR closed an $8 million funding round last year, and the new investment from Samsung NEXT brings its total funding to date to $13.8 million.