Now is a challenging time to keep yourself and your organization secured. One day you might receive a workshop on how to prevent being phished, the next day you may read about how someone got scammed into paying $243,000 at the request of someone who sounded like the CEO on a phone call. The trick? Cybercriminals deepfaked the CEO’s voice. While you think that recognizing your boss’ voice should give you enough proof of identity, criminals are now capitalizing on new technologies to take advantage.
With new technologies come new challenges. Conventional identity management, with its use of long and complicated passwords, is seen as increasingly bothersome and is on the limits of its effectiveness.
For this reason, innovation plays a vital role in driving identity protection to new horizons, through a wide spectrum of emerging technologies. Who said only malicious actors could make use of them? Here, we will put a few of our contestants in the spotlight in light of innovative security trends.
Current authentication methods, such as passwords, multi-factor and biometrics, are either inconvenient or insecure or - even worst - both. Here, AI helps with continuous authentication by detecting a user’s behavior.
Quadible is introducing the future of authentication with its BehavAuth product: a far more secured and user-friendlier authentication than any of the existing technologies. The startup helps banks and gaming businesses reduce costs and improve customer satisfaction through an AI platform that continuously authenticates users, without any input, by learning their behavioral patterns.
The Sovrin Network is an open source project operated by independent stewards, It uses the power of a distributed ledger to give every person, organization, and thing the ability to own and control their own permanent digital identity.
The network was built to exchange verifiable credentials and restore the control, privacy, and safety of your digital identity. Since the launch of the network, dozens of entities with SSI solutions and use cases based on the Sovrin Network have emerged.
The introduction of biometric identification methods has enabled simplicity to improve and advance authentication and identity. 20 face steps into this space by encrypting your facial recognition vectors. With 20 face, you can take the helm of your personal data on its identity recognition platform. Their platform gives users total control of their personal data and facilitates them to use this over several domains. Their goal is to have biometrics implemented in all domains of society, not solely in security.
With life becoming more digitized every day, some methods of digital identification are gradually becoming outdated and vulnerable for misuse. Digital Fingerprints tackles this challenge by continuous analysis of behavior during human interaction with the computer. The company analyses patterns and trends in someone’s online activity and behavior through machine learning. This enables identity authentication based on the user’s online behavior and, subsequently, has no impact on the user experience.
Securing the future
With new technologies being used to shake down individuals and companies, it's crucial that we reinforce our trust in the digital world. We want to be able to trust someone or something without having to think twice about it.
Conventional methods of identification are rendered obsolete if we don’t step up our game in online identity verification and authentication. Fortunately, innovations coming forward with measures to safeguard and strengthen our trust, all while minimizing the impact on user experience.
Moving toward an environment where (online) trust is guaranteed via new means of technology, without interfering with ease of use or access, might just be the next big thing. The Blue Tulip Awards innovations we mentioned above are great examples of how security can build confidence for businesses and individuals alike to trust one another even more than before.
What do you see as the most promising security innovation in the coming year?