Token has developed its wearable biometric authentication solution to be easily implementable on a large scale, while also being passwordless and FIDO 2-compliant. The product aims to prevent phishing attacks, therefore leading to less occurring data breaches which could result in damages and financial losses. Moreover, the biometric ring works towards enhancing protection against the risk of lost or stolen credentials, SMS one-time passcodes, and weak passwords.
Wearable biometric authentication solutions may prevent ransomware and data manipulation attacks, by providing user confidence, secure authentication, and access without the need of a password. Also, the product aims to forestall account takeover, credential stuffing, and MITM attacks, as the Near Field Communication technology included validates the ring’s proximity. The Token ring must be activated through the user’s fingerprint and no other user can access it, hence creating a more secure environment with minimal effort. The US-based company first pitched the authentication ring in 2017, offering a secure ID product, equipped with a chip element, and both optical and fingerprint sensors embedded in it. In addition, the smart ring uses Near Field Communication technology and Bluetooth. The ring has been designed for contactless transactions, as well as login and access control. Since then, the demand from the market has increased, with approximately 200 organisations joining the waiting list for the product.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now