New York bank selects BIO-key’s multifactor biometric sign-in solution
A regional bank serving customers throughout Long Island and New York City boroughs has selected BIO-key to provide an integrated multifactor biometric sign-in solution for use by its employees accessing computer devices and connected applications.
According to the announcement, the BIO-key solutions are intended to ensure compliance with the multifactor authentication requirements of the New York State Department of Financial Services Cybersecurity Requirements for Financial Services Companies.
BIO-key’s ID Director software solution adds secure fingerprint biometric authentication to the bank’s Windows platform. It integrates with Microsoft’s Active Directory network access platform, delivering biometric single sign-in capabilities so employees can securely access banking applications, email, fraud and risk management applications such as Verafin and Centrix, and the KACE systems management ticketing system.
The bank is also integrating BIO-key’s Federal Information Processing Standard Publication 201 (FIPS 201) compliant PIV-Pro fingerprint scanners to secure access to each computing device.
“Regulatory compliance is a compelling driver for implementing cybersecurity solutions in highly regulated industries,” explained BIO-key chairman and CEO, Mike DePasquale. “We are also learning that banks and other financial institutions are increasingly recognizing that adjusting passwords from eight to fourteen characters is not the answer to their complex security needs. Specifically, many companies are finding longer passwords actually inhibit workflow and sound business practices, motivating them to consider more secure and less cumbersome multi-factor authentication including biometrics.”