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BIO-key Team

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BIO-key Team
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The Biometric Multi Factor Authentication Solution Changing the Game

"Good is the enemy of great" - Jim Collins.

When you look back on society's greatest advancements, how many were achieved by following the status quo? When you recall the most monumental awe-inspiring individual feats of all time, did those individuals achieve them by doing what everyone else was doing? As a culture, we see progress as a result of striving to do things better - even if that means...

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Tags: Multi-Factor Authentication, Biometrics, identity bound biometrics

BIO-key Team
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Is the cost of cybersecurity worth it?

According to IBM, the average cost of a data breach was $4.24 million1. When companies compare that insurmountable cost to spending 10-20% of their annual budget on cybersecurity, it’s a hard pill to swallow when you hear companies save that money and face cyber risk. 

Today, cybersecurity is a major investment, and companies need to be proactive in defending their network and assets....

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Tags: #cyberattacks, #cybersecurity, cyber insurance, Cyberattack

BIO-key Team
by BIO-key Team 0 Comments

MFA eBook: Analyzing the Most Secure Authentication Methods

Whether you're an MFA pro ready to implement a security policy or authentication protocol, or a newcomer interested in learning the basics of multi-factor authentication, you've come to the right place. Our latest eBook, "Ranking Authentication Methods (And Choosing The Right One)" analyzes, explains and ranks the different methods of authentication supported by PortalGuard today.  

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Tags: Authentication, MFA, Multi-Factor Authentication, identity bound biometrics

BIO-key Team
by BIO-key Team 0 Comments

The Cybersecurity Regulatory Environment

The financial services sector is one of the most heavily regulated industries in the world, with controls imposed by government and industry bodies on many aspects of operating within the sector. That should come as no surprise, given the wealth of data held by banks and other institutions on organizations and individuals, not to mention the wealth itself. There are many regulations that include...

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Tags: #cybersecurity, banks and credit unions, Cyberattack, regulation

BIO-key Team
by BIO-key Team 0 Comments

The Future of Cybersecurity for Financial Institutions

We don’t see threat actors as a group deciding to stop attacking the financial services sector. A win is too profitable, and the mere presence of threat signals can serve geopolitical goals. In other words, the financial sector will remain a key focus for cyberattacks and cyber fraud. Some threat actors unleash cyberattacks in pursuit of financial gain through malicious or nefarious means; others...

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Tags: #cybersecurity, banks and credit unions, Cyberattack

BIO-key Team
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How Hackers Bypass Bank Cybersecurity

Financial services organizations have been increasingly under attack from cyber threat actors, and this trajectory is unlikely to abate. Firms need to ensure they have the right solutions in place to protect and defend themselves, their customers, and the financial systems in which they participate. It is important to note that solutions require people with an advanced understanding of how the...

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Tags: #cybersecurity, security risk, Cyberattack

BIO-key Team
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Do Universities Prioritize Education in Cyber Security?

Universities may have trouble with their cyber security strategy. Unfortunately, this issue leads to diminishing student experience, increased chance of a third-party cyberattack and costs the university team a lot of money.

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Tags: Education, university, Cyberattack

Supporting Mobile App Biometric Authentication: BIO-key MobileAuth

If you have a smartphone, you bring it everywhere with you: to work, social gatherings, and even carry it around your home. As the smartphone evolved, it began to play bigger role in everyday life, serving as far more than simply a device to make calls and send texts. Today, in tandem with advancement in the cybersecurity world, our phones are also now authentication devices to facilitate the ...

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Tags: mobile authentication, mobile authenticator, identity bound biometrics, MobileAuth

An Interview with our Managing Director in EMEA: Alex Rocha

 

BIO-key has always been a global organization and we are excited to strengthen our global presence and expand our offerings in EMEA and around the world, with the recent acquisition of Swivel Secure Europe and the appointment of Alex Rocha as the Managing Director for BIO-key in EMEA. 

We recently sat down with Alex to discuss his new role and what this means for BIO-key and the global markets...

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Tags: cybersecurity leaders, BIO-key International

BIO-key Team
by BIO-key Team 0 Comments

The Best Ransomware Protection Starts With Understanding the Attack

Around 68.5% of businesses worldwide experienced a ransomware attack in 2021, according to Statista. During the COVID-19 pandemic, nearly 85% of data breaches involved defrauding humans. 

These cyberattacks can be carried out in several ways. In many cases, your files will be held hostage until you pay a ransom to the malicious actor who executed the attack. These incidents cause costly...

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Tags: Ransomware, Cyberattack