Cyber Defense Magazine awards iovation the Editor’s Choice Award for its passwordless security solution for consumer-facing websites
iovation, the provider of device intelligence for authentication and fraud prevention, has received the “Editor’s Choice for Multi-Factor Authentication Solutions” in Cyber Defense Magazine’s 2016 InfoSec Awards. A panel of independent information security experts selected iovation’s Customer Authentication service, which verifies a user’s identity using the unique attributes of their devices, for the award. Cyber Defense Magazine is a leading electronic information security magazine and media partner of the RSA® Conference 2016.
“While it’s crucial to keep online accounts secure, it’s also essential to balance security measures with the customer experience. Reducing or even eliminating the need for passwords for certain online activities accomplishes both of these goals,” said Scott Olson, vice president of product at iovation. “This award is a testament to our belief that device-based authentication is the best approach to keep online accounts secure while at the same accelerating commerce.”
iovation’s device authentication service eliminates friction by allowing consumers with “known good devices” to bypass some passwords and immediately access low-risk but confidential sections of their online accounts—like account balances, payment records and activity histories. If necessary the service triggers stronger “step-up” authentications, like one-time or SMS passwords, for higher-risk actions like user and account changes or money transfers. It leverages iovation’s global intelligence about the behavior of more than three billion known devices to provide instant risk-based, real-time checks against devices attempting to access new areas of a site.
“We’re thrilled to recognize next-generation innovation in the information security marketplace and that’s why iovation has earned this award from Cyber Defense Magazine. Some of the best INFOSEC defenses come from these kinds of forward thinking players who think outside of the box,” said Pierluigi Paganini, Editor-in-Chief, Cyber Defense Magazine.
Cyber Defense Magazine recognized iovation and other winners during a ceremony at the RSA Conference 2016 held in San Francisco, California.
TransUnion Global Fraud & Identity Solutions unite both consumer and device identities to detect threats across markets while ensuring friction-right user experiences. The solutions, all part of the IDVision with iovation suite, fuse traditional data science with machine learning to provide businesses unique insights about consumer transactions, safeguarding tens of millions of transactions each day.