OneSpan Launches Passwordless, Phishing-Resistant Authentication for a Secure Workforce
November 14 2023 - 8:00AM
Business Wire
DIGIPASS FX1 BIO provides high-assurance
security presenting the next level of protection for remote
workforces
OneSpan™ (NASDAQ: OSPN), the digital agreements security
company, today 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% today.”1 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.”
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.
For more information on OneSpan DIGIPASS FX1 BIO, visit
here.
1 Gartner, Take 3 Steps Toward Passwordless Authentication, Ant
Allan, Reviewed on 22 February 2023. Originally Published on 19
October 2021
GARTNER is a registered trademark and service mark of Gartner,
Inc. and/or its affiliates in the U.S. and internationally and is
used herein with permission. All rights reserved.
About OneSpan
OneSpan helps organizations accelerate digital transformations
by enabling secure, compliant, and refreshingly easy customer
agreements and transaction experiences. Organizations requiring
high assurance security, including the integrity of end-users and
the fidelity of transaction records behind every agreement, choose
OneSpan to simplify and secure business processes with their
partners and customers. Trusted by global blue-chip enterprises,
including more than 60% of the world’s largest 100 banks, OneSpan
processes millions of digital agreements and billions of
transactions in 100+ countries annually.
For more information, go to www.onespan.com. You can also follow
@OneSpan on Twitter or visit us on LinkedIn and Facebook.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of applicable U.S. securities laws, including
statements regarding potential future plans, expectations,
features, benefits, use cases, integrations, and outcomes of the
DIGIPASS FX1 BIO product. Forward-looking statements may be
identified by words such as "seek", "believe", "plan", "estimate",
"anticipate", “expect", "intend", "continue", "outlook", "may",
"will", "should", look forward” "could", or "might", and other
similar expressions. These forward-looking statements involve risks
and uncertainties, as well as assumptions that, if they do not
fully materialize or prove incorrect, could cause our results to
differ materially from those expressed or implied by such
forward-looking statements. Factors that could materially affect
our business and financial results include, but are not limited to
the factors described in the “Risk Factors” section of our Annual
Report on Form 10-K, as updated by the “Risk Factors” section of
our Quarterly Report on Form 10-Q for the quarters ended June 30
and September 30, 2023. Our filings with the Securities and
Exchange Commission (the “SEC”) and other important information can
be found in the Investor Relations section of our website at
investors.onespan.com. We do not have any intent, and disclaim any
obligation, to update the forward-looking information to reflect
events that occur, circumstances that exist or changes in our
expectations after the date of this press release, except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231114137671/en/
Media Contact: Nicole Bosgraaf Director, Global PR &
Social Media +1-401-219-2131 nicole.bosgraaf@onespan.com
Investor Contact: Joe Maxa Vice President of Investor
Relations +1-312-766-4009 joe.maxa@onespan.com
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