LastPass, Onfido and Nuance pick up Infosec Awards for biometrics and authentication at RSA 2020
Cyber Defense Magazine has handed out the hardware for its annual IT security awards at RSA Conference 2020, singling out several biometrics and authentication companies for their innovative technology.
The LastPass Identity platform has been declared the Best Product in Identity and Access Management in the eighth annual Infosec Awards from Cyber Defense Magazine at RSA Conference 2020, LastPass by LogMeIn has announced.
LastPass Identity provides password management and single sign-on (SSO) functionality with adaptive multi-factor authentication and delivers a passwordless login experience for enterprise employees. The awards are determined by a panel of certified security professionals to recognize next-generation information security innovators.
“Today’s digital workplace and changing security threat landscape means businesses face more complex identity and access management challenges than ever,” comments John Bennett, general manager of Identity & Access Management at LogMeIn. “We’ve designed LastPass Identity as a complete identity offering built off our leading password management solution to help businesses get both the best security and user experience. We’re delighted to be recognized for our efforts by fellow security experts.”
LastPass is at RSA 2020 booth 3201.
Onfido has won Best Product for Next Gen Fraud Prevention from among 3,000 applicants, with Cyber Defense Magazine Editor-in-Chief Pierlugi Paganini saying the company “is leading the industry in identity verification, offering a new and unique approach to defeating bad actors and preventing fraud.”
“With the UN estimating that up to 5 percent of the world’s GDP is made up of laundered money (used in terrorist financing, human/drug trafficking, etc.), the imperative to stop bad actors has never been greater,” explains Husayn Kassai, CEO and co-founder of Onfido. “We feel privileged that our AI-based approach is being recognized as a key tool in this fight against fraudsters, especially from one of the most prestigious cybersecurity awards in the industry.”
The company recently reported impressive growth during fiscal 2019.
The award for Most Innovative Biometrics has been won by Nuance Communications for its fourth-generation deep neural network technology that identifies individuals with voice and behavioral biometrics, along with other characteristics.
The company launched the new cloud-native version of its technology, Nuance Gatekeeper, last year.
“The simple fact is that traditional passwords and PINs are not secure. Biometrics offers a huge opportunity for organizations to not only bring their consumers a more convenient option but to enable a whole new level of security,” states Brett Beranek, general manager and vice president of Nuance’s biometrics business. “We have seen our customers move from detecting and deflecting fraud to truly preventing it and guarding their data, assets and trustworthiness, not to mention driving a significant impact to their bottom lines.”
Nuance says a leading telecommunications customer improved its customer satisfaction score (CSAT) score by 20 percent by implementing its technology, and a large financial institution was able to avert $1.3 million in fraud in its first 30 days of deployment.