OneSpan, the digital agreements security company, introduced its latest innovation to the Digipass Authenticators product line, with DIGIPASS FX1 BIO. This cutting-edge physical passkey with fingerprint scan empowers organizations to embrace passwordless authentication while providing the utmost security against social engineering and account takeover attacks. This latest addition to the workforce authentication market is designed to safeguard corporate data and applications for a dispersed workforce.
With data breaches on the rise and remote work the new normal, the need for robust and user-friendly workforce authentication has never been more critical. According to Gartner®, “By 2025, more than 50% of the workforce and more than 20% of customer authentication transactions will be passwordless, up from less than 10%.” Moreover, the current state of data security is concerning, with 74% of all data breaches including a human element, with people being involved either via error, privilege misuse, use of stolen credentials or social engineering, costing an average of $4.5 million globally.
DIGIPASS FX1 BIO revolutionizes authentication, rendering it faster, more secure, and user-friendly while reducing authentication friction. It provides a cost-efficient, adaptable, and future-proof solution that overcomes traditional multi-factor authentication (MFA) limitations. With DIGIPASS FX1 BIO, organizations can safeguard employees, partners, and corporate resources while enabling a flexible ‘work from anywhere, anytime, on any device’ policy without compromising security.
“In the Web3 era, we firmly believe that a one-size-fits-all approach to security is insufficient,” said Matthew Moynahan, President & CEO at OneSpan. “We are committed to continuous innovation, delivering diverse and secure solutions for organizations while keeping customer experience and security at the core of what we do. In a world where security needs to take precedence, DIGIPASS FX1 BIO presents a solution to the challenges faced by modern enterprises, providing a secure and user-friendly environment for an organization’s workforce.”
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DIGIPASS FX1 BIO enables:
- Unparalleled Security: Passwordless biometric authentication using fingerprint biometrics and public-key cryptography, reducing the risk of breaches.
- Simplified User Experience: Seamless, flexible authentication across various devices and connectivity options (USB, Bluetooth, NFC), enabling work from anywhere.
- Mitigating Social Engineering Attacks: Modern phishing-resistant technology protects any user against the most sophisticated attacks.
- Increased Efficiency: Cuts operational and development costs, integrates easily with industry standards and requires no additional software installation.
- Future-Ready: Built on FIDO technology, adapts to emerging tech, and works with a wide range of platforms and services.
- Compliance Assistance: Designed to assist with meeting GDPR and HIPAA compliance requirements
1 Gartner, Take 3 Steps Toward Passwordless Authentication, Ant Allan, Reviewed on 22 February 2023. Originally Published on 19 October 2021
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SOURCE: Businesswire