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1Kosmos enables passwordless access for workers, customers and citizens to securely transact with digital services. By unifying identity proofing and strong authentication, the BlockID platform creates a distributed digital identity that prevents identity impersonation, account takeover and fraud while delivering frictionless user experiences. BlockID is the only NIST, FIDO2, and iBeta biometrics certified platform that performs millions of authentications daily for some of the largest banks, telecommunications and healthcare organizations in the world. The company is funded by Forgepoint Capital with headquarters in Somerset, New Jersey. For more information, visit www.1kosmos.com and follow us on Twitter and LinkedIn.
In the modern world of working, organizations need to digitally verify and secure identities at scale. But traditional IAM and CIAM strategies can’t identity-proof people in a meaningful way in the digital era. Finding an automated digital identity proofing system that is passwordless and provides strong authentication, is essential.
Even though passwords can be compromised easily and are generally considered unsafe, they are still ubiquitous in a time when multi-factor authentication and biometrics are easily available. There’s little doubt that eliminating passwords improves security, but to effect fundamental change you must start with the customer experience and ask yourself where it’s possible to take it.
Consumer and Workforce identities are under assault. Cybercrime and fraud are pervasive problems that have only escalated during the pandemic. Even as the number of online and mobile transactions increases, businesses, government agencies, and other organizations are actively searching for solutions to help them minimize fraud and other kinds of cybercrime.