Acceptto wins 2019 SINET 16 Innovator Award for behavioral biometric tech
Behavioral biometrics company Acceptto has been included in the SINET 16 Innovators, an industry evaluation of hundreds of innovative cybersecurity firms, and recognized for its user identity and behavior verification technology, the company announced.
Acceptto wants to disrupt cybersecurity and eliminate traditional binary authentication such as passwords by introducing its Continuous Behavioral Authentication for user identity and access control. Acceptto’s solution uses unique identity attributes that remain unaltered in time. The company claims this is the only solution currently on market that continually oversees and controls access to cyber resources.
“The time is now for a transformative shift away from passwords and rudimentary multi-factor (MFA) authentication solutions. Not only do they impose significant friction through a variety of temporary and binary controls, they all still prove ineffective to safeguard against identity spoofing and credential stuffing attacks,” said Shahrokh Shahidzadeh, Acceptto’s CEO. “Being recognized as a SINET 16 Innovator is a testament to our continued commitment to eliminating reliance on such weak and outdated controls and instead continuously analyze behaviors and definitively verify legitimate user identity access across cloud, mobile, web and IoT devices, even post-authentication.”
The evaluation process covered two stages. Some 161 companies from eighteen countries were evaluated by the SINET Showcase Judging Committee, made up of 100 cybersecurity professionals from global organizations, government intelligence and defense and venture capitalists.
“Since the award program launched 11 years ago, the applicant pool of early-stage and emerging technology companies with revenues under $15 million has become more and more competitive,” said Robert D. Rodriguez, Chairman of SINET. “We are proud to play a role in increasing the awareness of these technologies and look forward to watching these companies continue to grow and innovate.”
Winning teams will showcase their technology on stage at the SINET Showcase in front of 350 attendees, including investors, buyers of cyber solutions and policymakers in November in Washington DC.
In September, Acceptto announced that its behavioral biometric technology has been certified by the FIDO Alliance for the FIDO2 server protocol as part of its effort to address traditional binary authentication problems and solve the problem of password insecurity.