CYBERSECURITY REVIEW 19 SEPTEMBER - 2022VeridiumToward a future without passwordsTechnological platforms are all about securing it with strong passwords. Hence the concept of a password less future might sound surprising. Believe it or not, this is what Veridium is working on- to strive for a password less world. Veridium is an Integrated Identity Platform that is powered by AI-based behavioural biometrics to enable multi-factor authentication (MFA), digital ID verification, and a true password less experience for employees and customers. Veridium has already developed and innovated upon traditional authentication methods and developed a most comprehensive integrated authentication platform. This firm help businesses master the art of digital authentication and as a result improve the experience of the users of their systems, whether they are employees or customers, with patent-pending, password less digital identity solutions.Founded in 2016, this London based company provides an authentication experience that is fundamentally based on your innate identity and enables modern, password less, omnichannel authentication for employees, customers, and transactions. In this way, Veridium gives customer companies peace of mind against data breaches and help CISOs, CIOs, and security professionals while providing customers with the best experience possible. With a background and patents in computer vision and neural network processing, Veridium has envisioned a new way of identifying users, one that is much more powerful and transparent. The company calls this the path of recognition. This path of recognition does not rely on one or more traditional factors. However, the platform leverages location, behaviour, and history to increase trust levels while reducing friction for the end-user to establish that trust. Veridium ID authentication platform enables organizations to get rid of passwords from their application, websites, and web services, by employing, device-independent biometrics capability, AI-driven behavioural analysis, time-dependent anomaly detection, use of rich contextual data points to assign trust levels and supporting and implementing interoperable standards.The novel idea of a password less world has undoubtedly garnered a vast client base to Veridium. Several instances explicitly showcase how The case of Swiss Bank is one such instance where the bank had to deal with cumbersome login issues for the employees. Like many large multinational institutions, this bank had a complex web of authentication solutions from various vendors. Each solution was different and administered differently, with varying user experiences. Managing, monitoring, and administering so many options was costly for the bank and vastly inefficient. Millions of dollars were spent on help desk calls due to lost or damaged tokens, password resets, and damaged swipe cards. The bank looked for a solution that would eliminate passwords, regardless of where the employee was logging in. The bank also wanted the same user experience whether the employees were on a hot desk, a laptop, or dialing in through a VPN. The solution had to provide a high level of security, as well as a high level of convenience. That's where Veridium comes to the rescue. Veridium designed a solution for employees to log on to company resources via a hot desk, laptop, or VPN, all with the same simple process. Opening a browser, they scan a QR code and authenticate using biometrics. Employees are offered a choice of which biometric to use: fingerprint via an iPhone or Android phone or face. One look or touch and they are in. True multi-factor security in a single step. Thus, a multinational Swiss Bank eliminated passwords and soft and hard tokens, replacing them with biometric authentication for employee access to Microsoft Active Directory and Citrix environments. The bank selected Veridium for its cutting-edge technology, convenience, and lower total cost of ownership.The DNA of Veridium is password less. The company designed its authentication platform to eliminate passwords from day one. Veridium believes that how a business operates in the future is a factor influencing the future of authentication. Whenever businesses transform, they must find ways to provide secure, easy, yet secure, services to their remote digital-first customers and, in some cases, digital-only customers. The straightforward solutions offered by the company make it a popular choice for its customers. SOLUTIONS PROVIDERS IN EUROPE - 2022TOP 10IDENTITY ANDACCESS MANAGEMENTIsmet Geri, CEO
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