Our Advantage
The 1Kosmos Advantage
Problem: 82% of breaches are attributed to human error11Kosmos binds a verified identity and an advanced biometric to a user’s account, eliminating the need for usernames and passwords. As a result, each access event is validated against a real, verified identity, enabling organizations to mitigate password based attacks and improve revenue-generating consumer digital services with an exceptional and secure user experience.
By knowing the user behind the device, organizations can tackle big issues:
- Eliminate phishing attacks
- Prevent ATO attacks
- Eliminate 3rd party and contractor hijacking
- Stop synthetic identity fraud
- Accelerate new products and services
- Reduce user friction and improve the user experience
- Provide user controlled privacy
In the first half of 2022 – 53 million individuals were affected by data compromises.2
Most data breaches recorded2
– Healthcare
– Financial Services
– Manufacturing
In 2022, 4.35M is the global average cost of a breach.3
Stolen or compromised credentials are the most common cause of a data breach – 19%3
1Kosmos BlockID is the only platform certified to both the FIDO2 standard and the NIST 800-63-3 guideline that addresses this challenge by:
- Providing the highest level of digital biometric identity and authentication assurance with superior interoperability
- Delivering a digital identity wallet that is a reusable verified credential only accessible by and under control of the user
- Privacy by design secures personal information under user control and eliminates the threat of a data breach
- Self-service document and identity verification automates workflow, alleviates administrative overhead and meets KYC/KYE guidelines
- Using a convenient QR code and LiveID biometric matching defies spoofing and ensures a real person is on the other side of the digital connection
1Kosmos BlockID Benefits
As a cloud-based service, the 1Kosmos BlockID platform deploys in days for the purpose of delivering benefits that are accretive to earnings generally within the first 90 days of operations.
Benefits include:
- Minimize risk of data breach and ransomware from credential compromise
- Prevent worker / customer / citizen account takeover
- Reduce administration costs for employee onboarding and provisioning
- Reduce help desk costs for password resets
- Improve employee / customer / citizen user experience
- Accelerate customer time to revenue
- Minimize online shopping cart drop-off/abandonment
- Rationalize antiquated 2FA tools and niche physical security systems
- Deliver flexible levels of identity and access assurance
KEY CUSTOMERS
- Jefferies
- Kotak Bank
- Netsmart
- Indostar
- Fuji Films
Strategic Partners
- Verizon
- RSA
- Composecure
- Hitachi
- Oliver Wyman