Veridium
Defining Passwordless Authentication

In the wake of increasing data breaches, protecting sensitive information with usernames and passwords is no longer enough. While tokens are often used as a second authentication factor, they are an inconvenience for users and IT teams responsible for managing security. Companies need to a way to validate the identity of individuals without using passwords. Helping companies improve how they handle authentication is Veridium and its passwordless authentication platform. By using Veridium to eliminate passwords, companies are improving their security posture, providing a better user experience for their employees, and cutting the costs associated with resetting passwords and managing tokens. “We help enterprises make authenticating identity easier and more secure by removing passwords,” states Jason Tooley, Chief Revenue Officer of Veridium.

VeridiumID, the company’s proprietary passwordless authentication platform, creates trusted digital identities by binding a user’s biometrics with their mobile device for a secure experience. The platform works in conjunction with a front-end mobile SDK. “Using VeridiumID, end users can replace passwords, tokens, OTPs, or swipe cards with multiple biometrics from their mobile device,” explains Tooley. The result is much better user experience, and subsequently, companies reduce fraud at a lower total cost of ownership than other multi-factor authentication solutions. VeridiumID also breaks up biometric data and stores it between the mobile device and a server utilizing visual cryptography. As the biometric data is not stored in a single location, biometric vectors can’t be compromised or stolen. In addition, Veridium’s authentication solutions integrate with existing corporate authentication infrastructure without the need for additional hardware.

Keeping in line with this theme of enhancing security convenience, VeridiumID works across all Citrix environments, allowing employees to easily and quickly authenticate into virtual desktops and applications without passwords. VeridiumID also integrates with leading identity access management vendors including Ping, Okta, and ForgeRock.

We help enterprises make authenticating identity easier and more secure by eliminating passwords

For enhanced security, Veridium offers 4 Fingers TouchlessID, a multi-finger contactless biometric authentication system. As the name suggests, it captures all four fingerprints at once using a smartphone’s rear camera. Capturing four prints increases the complexity of the data acquired from a user, effectively making it more secure than a single thumbprint. 4 Fingers TouchlessID is significantly more reliable than facial and voice recognition as it does not fail under inadequate lighting conditions and noisy areas.

Veridium caters to various industries, with the financial sector showing strong interest since the industry is a prime target for cyber attacks. When an independent financial service group wanted to eliminate passwords and PINs for their clients, they selected Veridium’s solution due its superior performance over competitors. For the company, native biometrics such as fingerprint and facial recognition did not provide adequate security or a seamless user experience. Veridium’s 4 Fingers TouchlessID proved to be the perfect fit for the firm’s needs. With false acceptance rates of 0.01 percent and a false rejection rate of 1 percent, the firm was able to ensure that legitimate customers would not be treated as imposters.

Such successes have prompted Veridium to launch its proprietary facial recognition technology. The company is continuously working on developments in various areas, including enhancing its solutions’ integration capabilities with emerging technologies such as blockchain. As demand for enterprise security dramatically increases, Veridium is prepared to disrupt the traditional authentication model with its full suite of passwordless authentication technology.