Daon has been named the winner in the Cyber Security & Authentication category for the American Technology Awards, which bestows the only “Best Of” awards that recognize all technology products and services for the technology industry. The award was attributed to IdentityX, the mobile authentication solution that significantly decreases the risk of unauthorized transactions, protecting businesses and consumers against on-line fraud and hacking.
“We are honoured that TechAmerica Foundation has selected Daon as its top cyber security and authentication innovator,” said Tom Grissen, Daon CEO. “Recent on-line security breaches clearly demonstrate that the time of hardware tokens has passed. Password based tokens alone fall short of the sophisticated security needed to enable trusted interactions whether they are exchanges made from your office, home or via mobile devices. IdentityX is a unique, patented security platform that offers the public and private sector a cost-effective, easy to use, risk-aware solution that can easily be added to existing business applications.”
Unlike other cyber security technologies, the IdentityX platform enables organizations to set identity authentication requirements based on the level of risk associated with each digital interaction. The authentication needed can range from the simplest soft token to a sophisticated fusion of GPS, PIN/password, and biometrics (e.g., voice, face and palm). IdentityX interacts with the end user’s mobile device and does not require additional hardware.
“We had a lot of nominations for these prestigious awards, and we congratulate Daon for their winning achievement,” said Senator Bob Bennett, Chairman for TechAmerica Foundation. “TechAmerica Foundation is excited to highlight Daon, as it continues to influence technology development throughout the rest of the world.”