Digital Identity Authentication Provides Additional Security as Breaches Intensify

As large-scale data breaches continue to compromise personal information like login credentials and Social Security Numbers, companies have realized that they need to evolve their security methods over time in order to maintain consumer trust. In the past, many companies have solely relied on knowledge-based factors like birth dates and addresses to verify the identity of their customers.

The data breach at the IRS in 2015 proved that the answers to knowledge-based authentication questions can be deciphered by hackers. In addition, the recent massive data breach at a top consumer credit reporting agency showed consumers that their identities are at risk, and can be at risk for the rest of their lives. As a consequence, companies in various industries are steadily moving from physical to digital authentication.

Digital authentication through biometrics is gaining traction because it is harder for hackers to duplicate biometric features. Biometric authentication, such as our Acuant FRM, uses liveness detection to prevent criminals from using static images to break into devices. Facial recognition technology provides consumers with a more robust layer of security by making it more difficult for hackers to work around.

The convenience of facial recognition makes the technology appealing to consumers who frequently forget passwords or don’t want to carry around digital tokens. Facial recognition allows consumers to unlock their devices without memorizing long strings of characters. For forgetful consumers, the method of resetting a password is also a security risk. Organizations use secondary security questions like “What is your mother’s maiden name?” help consumers easily reset their passwords, but hackers can uncover the answers to these questions through social engineering and spear phishing.

Apple’s adoption of facial recognition technology reinforces our belief that consumers are looking for more secure ways to verify their identities and safeguard their devices. The new iPhone X allows consumers to use facial recognition to unlock their smartphones and verify their transactions on Apple Pay. Although a few Android devices also allow consumers to use facial recognition to unlock their devices, Apple’s adoption of facial recognition technology in the iPhone X demonstrates a significant step in the consumer adoption and acceptance of this novel technology.

In addition to biometrics, at Acuant we provide layers of authentication to enable trusted transactions that allow businesses to know who they are dealing with in a frictionless and customer friendly manner. It’s as simple as verifying that an ID is not fake, then verifying that the ID matches a real live person, all in one easy process that take less than 10 seconds and can be done from any location (via mobile devices or on-premise scanners).

As the industry pushes forward with the convergence of physical and digital IDs, Acuant continues to evolve our product line to stay at the forefront of these changes as evidenced by our latest acquisition of Ozone® PKI Authentication Solutions.

 

Contact us today to learn more about a solution for your business.

Acuant Acquires Mount Airey Group’s Suite of Ozone® Identity Solutions

Transaction Creates New Gold Standard for Converged Physical and Electronic Authentication

LOS ANGELESSept. 18, 2017 /PRNewswire/ — Acuant, a leading provider of data capture and authentication solutions, announced that it has acquired Ozone®, a line of identity products, intellectual property (IP) and talent from Mount Airey Group, a premier provider of identity solutions used by federal organizations and agencies around the world. According to ICAO there are approximately 100 Nations/States currently issuing ePassports, and over 490 million ePassports are in circulation.

This transaction follows a highly successful partnership between Acuant and Mount Airey Group, which integrated Acuant’s AssureID  with Mount Airey Group’s Ozone e-Passport Authentication technology to create the industry’s most comprehensive e-authentication solution for border control, featuring certificate chain validation for passports and country-specific policy controls.

Bill Russell, Chief Technology Officer for Mount Airey Group stated, “we are excited to bring these two world-class product sets together. They provide powerful state-of-the-art security checks with rapid identity authentication. In today’s world, this full range of identity document verification is a must-have for our customers.”

Ozone, which allows application owners to PK-enable their applications without the need to understand the mechanics of Public Key Infrastructure (PKI), supports enterprise-scale identity and access management (IDAM) solutions, including ePassport analysis, ICAO Public Key Directory (PKD) and validation capabilities, and atomic authorization capabilities incorporated within cloud and mobility solutions. ePassports add a layer of security to traditional non‑electronic passports by embedding an electronic chip in the passport.

“The addition of Ozone into our expanding line of identity solutions strengthens our chip and PKI offering to provide industry leading security,” said Yossi Zekri, CEO, Acuant. “These expanded capabilities will have a significant impact on both government and commercial markets relative to identity verification and authentication trends.”

About Acuant

Acuant Inc. is a global technology company that provides comprehensive Identity Verification solutions responding to various levels of risk and assurance requirements. Utilizing patented technology Acuant transforms data intake into a business-enhancing proposition while instantly reducing the risk of fraudulent transactions.

Acuant’s intelligent engineering is made to work in any industry in any environment with compatibility for Windows, iOS, Android, Hybrid and HTML 5- and built to allow meeting the highest level security requirements and regulations such as KYC, PII, HIPAA and AML. Partners include start-ups, Fortune 500 and FTSE 350 organizations.

For more information, please visit acuantcorp.com

About Mount Airey Group, Inc.

Mount Airey Group, Inc. (MAG) is an advanced technology services company that focuses on enterprise architecture, information security, identity management, secure authorizations, and security related business processes in order to provide solutions that meet the complex information security and technology needs of its customers. MAG actively engages with several international standards bodies including IETF and ISO/ANSI, and is a direct participant in the ICAO-supporting working groups developing the requirements and standards for machine readable documents.

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PR Contact:
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acuant@luminapr.com

 

 

 

 

 

 

 

 

 

Acuant Powers Peer-to-Peer Sharing Platform Boro with ID Verification, Authentication

Acuant’s Identity Solutions Power Innovation, Disruption in the Sharing Economy

Acuant, a leading provider of data capture and identity verification software globally, today announced a partnership with Boro Technologies Corporation (Boro), a peer-to-peer sharing platform that enables users to rent power tools and other popular home items from peers in local communities throughout North America.

Boro offers its customers low rental prices for high cost items by leveraging a peer-to-peer sharing model, reducing transaction and overhead costs compared with traditional rental arrangements. For owners, Boro creates an immediate opportunity to generate income for unused or lightly used assets, while leveraging a flexible work schedule. For renters, Boro offers a convenient and user-friendly platform that provides the popular items they need at a fraction of the cost of ownership.

In a recent survey of 1,000 individuals ages 18-26, Boro found that 72% of respondents expect to participate in the sharing economy in the next two years; 86% say it makes “life more affordable”; and 89% agree it is based on “trust between providers and users.”

Boro will leverage Acuant’s AssureID™ solution to efficiently register and validate the identity of users on its platform. AssureID provides secure and frictionless transactions for Boro customers by extracting the data from IDs, such as driver’s licenses, and authenticating it in one easy step. Users can register on Apple and Android devices and capture their IDs to be accepted as Boro members.

“We are committed to providing a safe environment and an outstanding user experience for our customers,” said Arvin Bhangu, CEO of Boro. “Acuant, a trusted market leader in identify authentication, helps us build a community of trust with our customers as we launch our platform throughout North America.”

Steve Maloney, EVP Business Development & Strategy of Acuant, further states, “Given the fast growth of the sharing economy, Acuant has recognized and met the need for user friendly mobile ID verification with several offerings and is pleased to have been chosen to help Boro grow their customer base.”

About Boro
Boro changes the way you access the things you need. This unique service is packed with amazing products to use whenever you need – from tools you need to start a home project to drones that you can fly on your time off. Book private products from others around you or list your own. Boro is fun, fast and secure.

About Acuant
Acuant Inc. is a global technology company that provides comprehensive Identity Verification solutions responding to various levels of risk and assurance requirements. Utilizing patented technology Acuant transforms data intake into a business-enhancing proposition while instantly reducing the risk of fraudulent transactions.

Acuant’s intelligent engineering is made to work in any industry in any environment with compatibility for Windows, iOS, Android, Hybrid and HTML 5- and built to allow meeting the highest level security requirements and regulations such as KYC, PII, HIPAA and AML. Partners include start-ups, Fortune 500 and FTSE 350 organizations.

For more information, please visit acuantcorp.com

Follow Acuant

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Blog: http://www.acuantcorp.com/blog/
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PR Contact:
Mike Gallo
Lumina Communications for Acuant Corp
212-239-8594
acuant@luminapr.com

 

 

 

Acuant Improves Updates to Industry’s Largest Identity Document Library and Enhances Image Spoofing Detection

With More than 1 Billion Trusted Transactions Worldwide, Acuant Continues to Lead in Identity Proofing

Los Angeles, CA, June 28, 2017Acuant, a leading provider of data capture and identity verification software globally, today announced significant enhancements to its AssureID™ and mobile products, including faster updates to the industry’s largest identity document library and new image tampering detection technology. In response to customer demand, Acuant has also added an optional data storage feature and introduced support for Xamarin SDK, as well as, MySQL.

AssureID now provides a more efficient process for customers to access Acuant’s industry leading identity document library which is continuously updated with the latest version of IDs. As a result, customers utilizing Acuant’s library via local and cloud solutions do not have to wait for updates when new IDs, such a state driver’s license, are introduced. Previously the installation of new software meant a lengthy testing cycle for businesses, especially if frequent software updates were required. AssureID has now separated the document library from the software installation making it as easy as uploading a new file to be up to date. This enhancement allows customer facing web sites and mobile apps to maintain the highest stability and availability.

Acuant is also addressing the growing problem of image spoofing. Fraudsters are using tampered images for biometric facial recognition processes where digital images are used for verification of insurance, licensing, or proof of identity in consumer-not-present transactions. Acuant FRM’s new photo tampering detection technology will not approve illegitimate images, allowing for more valid transactions and preventing fraud.

“In today’s market, transaction delays mean losing customers,” said Yossi Zekri, CEO of Acuant. “We are constantly working to improve the speed and accuracy of our identity proofing solutions to allow for a frictionless experience while offering the highest level of authentication to protect against fraudulent transactions.”

Beyond easy integration, Acuant provides multiple deployment options to match any company’s specific needs and use cases.  Recent additions include extending product support to include a Xamarin SDK for mobile solutions. This allows companies to deliver native iOS, Android and Windows applications using existing skills, teams and code. Acuant’s AssureID Connect has also extended its support to MySQL and AWS Aurora databases for companies, providing an on premise deployment choice that is flexible and cost effective.

Additionally, Acuant has recognized the need and request from businesses to safely and securely store customer data without introducing a threat to Personally Identifiable Information (PII). This is accomplished via Acuant’s proprietary data encryption, which is optional to customers, and allows for future use of customer data.

To learn more about Acuant and how to choose leading identity verification solutions, read their white paper: Beyond Machine Learning.

 

About Acuant

Acuant Inc. is a global technology company that provides comprehensive Identity Verification solutions responding to various levels of risk and assurance requirements. Utilizing patented technology Acuant transforms data intake into a business-enhancing proposition while instantly reducing the risk of fraudulent transactions.

Acuant’s intelligent engineering is made to work in any industry in any environment with compatibility for Windows, iOS, Android, Hybrid and HTML 5- and built to allow meeting the highest level security requirements and regulations such as KYC, PII, HIPAA and AML. Partners include start-ups, Fortune 500 and FTSE 350 organizations.

For more information, please visit acuantcorp.com

Follow Acuant

Twitter: https://twitter.com/acuantcorp
Blog: http://www.acuantcorp.com/blog/
LinkedIn: https://www.linkedin.com/company/acuant
Facebook: https://www.facebook.com/acuantcorp/

PR Contact:

Mike Gallo

Lumina Communications for Acuant Corp

212-239-8594

acuant@luminapr.com

Acuant Named a “Key Innovator” in Consumer Identity and Access Management (IAM) by MarketsandMarkets

LOS ANGELES, May 9, 2017 /PRNewswire/ — Acuant, a leading provider of data capture and authentication solutions, today announced that it has been named a “Key Innovator” by Research Firm MarketsandMarkets in its recent Consumer IAM Market report.

Acuant was selected as a “Key Innovator” among other world class IAM vendors due to its range of innovative solutions that have improved businesses workflows by transacting with identity documents through the capture and verification of unstructured data from credentials and ID documents. Acuant’s core solutions, which include idScan®, AcuFill™, AssureID™, Acuant FRM™ and Acuant CHIP™ are well positioned to drive continued innovation and adoption in the IAM market as it continues to grow, especially in the card not present and mobile transactions markets.

“The market for identity capture and authentication solutions is rapidly expanding, driven by advances in mobility, ongoing business digitization across industries and the evolution of the sharing economy,” said Steve Maloney, Executive Vice President – Business Development and Strategy of Acuant. “We are pleased to be recognized as a key innovator in the IAM market, and believe this is a reflection of the continuously innovative suite of solutions that we offer to our clients.”

The MarketsandMarkets report notes that identity authentication is expected to have the largest market share in the next five years, as organizations widely adopt a range of identity solutions to combat identity thefts and other advanced cyber threats. Moreover, biometrics authentication is estimated to grow at the highest CAGR from 2017 to 2022, due to high adoption in Banking, Financial Services, and Insurance (BFSI), healthcare, and government sectors.

Resources:

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsAndMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

About Acuant

Acuant Inc. is a global technology company that provides comprehensive Identity Verification solutions responding to various levels of risk and assurance requirements. Utilizing patented technology Acuant transforms data intake into a business-enhancing proposition while instantly reducing the risk of fraudulent transactions.

Acuant’s intelligent engineering is made to work in any industry in any environment with compatibility for Windows, iOS, Android, Hybrid and HTML 5- and built to allow meeting the highest level security requirements and regulations such as KYC, PII, HIPAA and AML. Partners include start-ups, Fortune 500 and FTSE 350 organizations.

For more information, please visit acuantcorp.com

Mount Airey Group and Acuant Partner to Launch First-to-Market Chip Reader Technology for Passport Authentication

LOS ANGELES, March 21, 2017 /PRNewswire/ — Mount Airey Group, Inc., a premier provider of identity solutions to federal agencies, is partnering with Acuant, a leading provider of data capture and authentication solutions, to launch the industry’s most comprehensive authentication solution for border control minimizing the acceptance of fraudulent passports.

Acuant’s newly developed chip reader technology, Acuant CHIPTM will function as a core component of AssureIDTM which is integrated with Mount Airey Group’s Ozone® e-Passport Authentication technology. The partnership offers the first-to-market certificate chain validation for passports, including country-specific policy controls.

Acuant CHIP performs a comprehensive series of authentication tests such as, Basic Access Control (BAC) to cryptographically access the chip contents; Active Authentication, to confirm the authenticity of the chip (and that it has not been cloned); Data Group Hash Authentication, to confirm that data group files have not been modified; and Document Signer Authentication, to confirm the authenticity of the Data Group hashes. Ozone® then performs the cryptographic validation of the Document Signer against its trusted Country Signer Directory to confirm that it is a valid signer, that has not been revoked by the country, and that it is in compliance with country-specific policy enforcement controls. The outcome of the Ozone® processing either confirms the authenticity of the presented document or identifies it as untrusted (and possibly fraudulent).

Mount Airey Group, Inc., which supports government and commercial entities globally, has worked with Acuant to integrate its Ozone e-Passport Authentication technology, which collects all relevant PKI data for each country and validates any electronic passport for compliance with International Civil Aviation Organization (ICAO) standards, with the market leading AssureID product. The integrated offering validates a passport’s certificate chain to confirm that the document was electronically signed and issued by the originating country, and as such, can be trusted as an authentic identity document.

“Teaming with Mount Airey Group creates a gold standard for authentication for any use, be it by government or in the commercial sector,” said Steve Maloney, Executive Vice President of Business Development and Strategy of Acuant.

The e-Passport solution is designed to handle a host of issues unique to passports with individualized policies for every country, and complies with all ISO and ICAO standards for e-Passports.

“We are excited to partner with Acuant to create a new standard in chip certification and document authentication that will make it extremely difficult for someone to counterfeit a passport and unlawfully pass through border and airport security processes,” said Paul Townsend, Director of Cybersecurity at Mount Airey Group, Inc. “Together, we’ve introduced the most comprehensive solution on the market that leverages the latest identity verification and authentication technologies.”

About Mount Airey Group, Inc.

Mount Airey Group, Inc. (MAG) is an advanced technology services company that focuses on enterprise architecture, information security, identity management, secure authorizations, and security related business processes in order to provide solutions that meet the complex information security and technology needs of its customers. Over the past decade, MAG has designed and implemented high availability enterprise infrastructures, pioneered innovative identity and access management solutions, and provided policy and procedural guidance for government agencies and international standards bodies in order to help foster adoption of leading edge technology solutions. This focus has led to the design, development, and deployment of its Ozone® Solution Suite in support of enterprise-scale identity and access management (IDAM) solutions, including ePassport analysis and validation capabilities, and atomic authorization capabilities incorporated within cloud and mobility solutions. MAG actively engages with several international standards bodies including IETF and ISO/ANSI, and is a direct participant in the ICAO-supporting working groups developing the requirements and standards for machine readable documents.

For more information, please visit www.mountaireygroup.com.

About Acuant

Acuant Inc. is a global technology company that provides comprehensive Identity Verification solutions responding to various levels of risk and assurance requirements. Utilizing patented technology Acuant transforms data intake into a business-enhancing proposition while instantly reducing the risk of fraudulent transactions.

Acuant’s intelligent engineering is made to work in any industry in any environment with compatibility for Windows, iOS, Android, Hybrid and HTML 5- and built to allow meeting the highest level security requirements and regulations such as KYC, PII, HIPAA and AML. Partners include start-ups, Fortune 500 and FTSE 350 organizations.

For more information, please visit acuantcorp.com