With BlockID, passwordless enterprise goes far beyond what other passwordless solutions offers. BlockID leverages advanced biometrics, reaches IAL3 and AAL3 per the NIST 800-63-3 guidelines, and store users' data encrypted inside the BlockID Private Blockchain Ecosystem.
81% of data breaches are caused by poor password management.
There are employees who have no problem remembering different usernames and passwords. And then there are those that give it three tries before they’re locked out and start harassing the Helpdesk. Finally, a few choose to rely on the good old post-it note they stick on their monitor, openly and publicly.
To make matters worse, IT departments require employees to choose complex formats for their passwords: between 8 and 16 characters long with at least 1 uppercase letter, 1 number, and/or 1 special character. IT also requires that it be changed every 30 or 60 days. For many employees, those requirements, compounded by the number of systems they must access to do their job, can be overwhelming... hence the infamous post-it notes.
This ecosystem creates inefficiencies such as loss of productivity and increased costs. Did you know, for example, that replacing one password can cost up to $70? Yes, that’s what it can cost in human capital and machine resources to handle one password reset request.
Most passwordless solutions don't solve the issue.
To avoid accounts from being compromised because a password was accidentally "stolen" and to strengthen the level of user authentication, many organizations have implemented two-factor authentication or even multi-factor authentication solutions. Those solutions certainly make it slightly harder to compromise an account, however they’re not foolproof. At the end of the day, any hacker can steal a username, a password and a mobile number stored inside a company’s centralized system.
So, to mitigate the risk, biometrics have been added into the mix: Touch ID, Face ID, iris recognition, etc. A login page, a QR code to scan from a mobile application, a biometric-based authentication, and the employee is in. No more username and password required. The mobile phone is something the employee has and the biometric data is something the employee is.
The problem is that the level of biometrics offered is falsifiable (fingerprints can be copied, facial traits can be spoofed) and employees' data is stored non-encrypted in centralized systems, a cyber criminal's favorite.
BlockID is the next generation contact-free authentication solution powered by advanced biometrics and Blockchain technology. Your workforce enrolls identity and authenticates with the highest levels of assurance per the NIST 800-63-3 guidelines, or IAL3 and AAL3.
Visit the Workforce User Journey for more information.
Our private Blockchain-based data storage architecture promotes trust between your organization and your employees for all accesses to your systems and internal applications.
Leveraging the BlockID Private Blockchain Ecosystem entails storing employees' biometric information in a virtually incorruptible system to ensure they are who they say they are at all times throughout the process. Employees’ data stored in our distributed ledger aren’t subjected to data breaches.
The immutability of a distributed ledger is leveraged to record service provider-customer interactions. The document can never be modified, leaving an auditing trail, and therefore creating trust between all parties involved. Watch the video
“Cybercrime is a daily threat to every organization and government across the globe...These Verizon solutions (powered by 1Kosmos BlockID) offer a significant step forward in cybersecurity protection.”
Alex Schlager, Executive Director and Chief Product Officer of security services at Verizon Business