authid.ai [Nasdaq: AUID], a leading provider of secure authentication solutions, announced the launch of Verified 3.0, its next-generation platform that delivers Human Factor Authentication™ (HFA). authID’s Verified platform binds strong, “unphishable”, passwordless authentication with biometric identity, which offers our customers a streamlined path to zero trust architecture. Verified best-of-breed FIDO2 passwordless authentication is certified by the FIDO Alliance to be compliant and interoperable with FIDO specifications.
Legacy multi-factor authentication (MFA) falls short in protecting against today’s sophisticated social engineering attacks. More than 82% of data breaches exploit a human element, such as phishing attacks and credential compromise, in which cybercriminals rely on passwords and human error to be successful – costing companies globally an average of $4.4 million per data breach. Verified HFA closes security gaps for enterprise workforce and consumer applications by combining passwordless authentication with biometric certainty to shut down access, privileges, and lateral movement for unauthorized users.
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“Because the world is still largely dependent on passwords and compromise-prone legacy MFA, cyberattacks that exploit human behavior and wreak havoc for organizations are all too common in 2022,” said Tom Thimot, CEO of authID. “With the release of Verified 3.0, authID has pioneered HFA, a human-centric authentication solution, which addresses cyber risks that exploit human error. HFA helps businesses disarm hackers and gate critical resources, while improving workforce productivity and reducing friction for consumers.”
With Verified 3.0, organizations now have access to a single platform that eliminates the risks and hassles of using passwords, while protecting valued systems and corporate assets with strong identity assurance. Whenever the enterprise needs to authorize user access to sensitive applications, perform a high-risk activity, or to add or recover a new device, Verified seamlessly elevates authentication, with a quick selfie captured in seconds in any browser, to verify the human behind the device.