HID Global, global provider of trusted identity solutions, has announced that its HID Approve mobile authentication application was awarded New Product of the Year at the Info Security Global Excellence Awards gala ceremony during RSA 2018 in San Francisco. Cryptography and mobile push notifications HID Approve is a next-generation multi-factor authentication solution that combines the security of public key-based cryptography with the convenience of mobile push notifications, and that delivers a simple and secure way for users to authenticate and verify their transactions. Financial institutions have already discovered that HID Approve is a groundbreaking technology redefining user authentication for mobile banking"The ability to brand it accordingly to enterprise, banking or healthcare provider needs raises the attractiveness for the companies, while the ability to run multiple accounts on one device raises the experience for their users and employees with shared mobile workstations. HID Approve works in conjunction with the ActivID Authentication Server & HID Risk Management Solution that provides the supporting infrastructure and advanced Risk-Based Authentication capabilities to the application. HID Approve multi-factor authentication “Financial institutions have already discovered that HID Approve is a groundbreaking technology redefining user authentication for mobile banking, but this New Product of the Year award at RSA speaks to the innovation that HID is delivering to enterprise & healthcare organisations who are continuously trying to improve security and user experience for their users,” said Martin Ladstaetter, Vice President of Product Management, Identity & Access Management Solutions with HID Global. “We are honored that HID Global is recognised as one of the leading innovators for identity and access management.” HID Global has one of the broadest portfolios of identity and access management products and services, ranging across multi-factor authentication, physical identity and access management, credential management, digital signing and digital encryption.
HID Global®, a provider of trusted identity solutions, announced that its HID Approve™ two-factor mobile authentication and verification platform, now supports Apple’s iPhone X Face ID facial recognition system. The company expects facial recognition to play an increasingly important role in its authentication offering, combined with threat and fraud detection. “With the growing demand for an optimised user experience, facial recognition is a great addition for banks and enterprises that also want a high level of security,” said Martin Ladstaetter, Vice President of Product Management, IAM Solutions, with HID Global. “HID Global now delivers an easy way for organisations to take advantage of Apple’s Face ID capability with our HID Approve mobile authentication solution.” Positive features of facial recognition The new feature can also be used to secure remote access to employee data and applications Facial recognition is featured on Apple’s new iPhone X to secure access to online or mobile banking, and digital signatures used in banking transactions. Apple’s Face ID feature can also be used to secure remote access to employee data and applications. HID Global customers now have an easy way to implement Face ID using the company’s mobile authentication platform, either as a turnkey application or directly integrated into existing corporate apps using the HID Approve software development kit (SDK). HID Global is able to combine facial recognition technology with threat detection and other risk-based intelligence so that organisations can more quickly recognise potential fraud or misuse while improving and personalising the user experience. The company is developing new capabilities that make it easier for financial institutions to detect cyber threats such as malware, ransomware, application hacking, phishing and fraudulent transactions. Facial recognition will play an integral role in delivering these capabilities, providing valuable data to help fuel predictive analytics and other artificial intelligence (AI) capabilities.
HID Global, a worldwide leader in trusted identity solutions, announced that it has signed a collaboration agreement with ThreatMark, a threat and fraud detection technology company, to develop new capabilities that will enhance the ability of financial institutions to detect cyber threats, such as malware, application hacking, phishing, account takeover, identity theft and fraudulent transactions. HID’s expertise in Identity & Access Management (IAM) includes multi-factor authentication, credential management system software and identity verification capabilities in complex environments. HID’s capabilities complement ThreatMark’s expertise in cyber-criminal detection and fraud prevention. The two companies will work together to extend threat and fraud detection in order to meet today’s ever-increasing risk from cyber-attacks. Cyber security solutions Collaborating with HID gives ThreatMark the opportunity to combine our expertise to improve the overall security ecosystem" “With cyber threats continuously evolving, HID Global is committed to advancing and extending our threat detection capabilities,” said Martin Ladstaetter, Vice President Products for IAM Solutions at HID Global. “Working with ThreatMark not only provides a partnership with a very successful company with domain know-how, but it also gives us visibility into an even broader attack surface that needs to be addressed, ensuring that we are staying ahead of cyber threats today and in the future.” “Collaborating with HID gives ThreatMark the opportunity to combine our expertise to improve the overall security ecosystem through threat and fraud detection,” said Michal Tresner, CEO ThreatMark. “ThreatMark has differentiated itself by providing innovative deep behavioral profiling technology that, together with advanced analytics, can help to understand how cyber-criminal work. Collaboration with companies like HID Global allow us to broaden our reach and develop better-integrated solutions.” Identity management solution HID Global provides the broadest range of IAM solutions as the only company that can truly deliver a converged physical and logical identity management solution for high assurance and multi-factor authentication. ThreatMark’s solution integrated with HID Global’s portfolio for securing both consumer and employee transactions in banking and finance will greatly enhance security while maintaining a frictionless user experience that is important to the banking industry.