Onfido and LastPass biometric solutions each win CyberSecurity Breakthrough Awards
The program recognizes the world’s best information security companies, products and people, providing a platform for public recognition around the achievements in breakthrough information security.
Onfido’s technology uses AI-powered technology to provide document verification and match IDs to individuals through face biometrics.
The platform can scan over 4,500 document types from 195 countries and has already won Onfido a series of awards.
Just in 2020, the company was ranked first 1st on the FinTech 50 list of most innovative Fintech companies for the second consecutive year.
It was also awarded CogX Awards for “Best Innovation in Algorithmic Bias Mitigation” and “Outstanding Leader in Accessibility”, among others.
The award for ‘AI-Based CyberSecurity Solution of the Year’ further cements Onfido’s reputation in its fight against online fraud.
“We feel proud that our AI-based approach is being recognized as a key tool in the fight against fraud”, said Husayn Kassai, CEO and co-founder at Onfido.
“Especially at a time when companies are accelerating their digital transformation plans and need to know they can continue to deliver and scale their services while stopping bad actors in their tracks.”
LastPass wins ‘Multifactor Solution of the Year’ award
The company behind one of the most used password managers worldwide won the ‘Multifactor Solution of the Year’ award at the CyberSecurity Breakthrough event.
The award is the second CyberSecurity Breakthrough Award for LastPass in as many years, as the company was named ‘Overall ID Management Solution of the Year’ in 2019.
The company’s two-factor authentication (2FA) solutions are enhanced with biometric factors, like face and fingerprint ID, as well as contextual factors, such as geolocation and IP address.
LastPass is now developing its solutions further to provide secure authentication for the rapidly expanding remote workforce.
“There is a sensitive balance in play in today’s business environment, wherein a company’s remote workforce requires IT to ensure employees have access to the resources they need, but must maintain security throughout the business with no borders,” commented CyberSecurity Breakthrough Managing Director James Johnson.
“LastPass MFA addresses this complexity,” Johnson explained, “breaking through among other MFA providers with its ability to leverage biometric and contextual factors, while offering a passwordless, simple, and secure login experience.”
For more information about the CyberSecurity Breakthrough Award event and winners, you can follow this link here.