{"id":21011,"date":"2021-11-17T21:43:59","date_gmt":"2021-11-17T16:43:59","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=82687"},"modified":"2021-11-17T21:43:59","modified_gmt":"2021-11-17T16:43:59","slug":"sift-acquires-passwordless-authentication-pioneer-keyless-to-provide-regulated-businesses-and-online-merchants-with-secure-frictionless-authentication","status":"publish","type":"post","link":"https:\/\/myanmarnewsgazette.com\/sift-acquires-passwordless-authentication-pioneer-keyless-to-provide-regulated-businesses-and-online-merchants-with-secure-frictionless-authentication\/","title":{"rendered":"Sift Acquires Passwordless Authentication Pioneer Keyless to Provide Regulated Businesses and Online Merchants with Secure, Frictionless Authentication"},"content":{"rendered":"

Biometric authentication innovator eliminates password-based account takeover and enables PSD2 Strong Customer Authentication while preserving user privacy<\/h4>\n

SAN FRANCISCO, Nov. 17, 2021 (GLOBE NEWSWIRE) —\u00a0Sift<\/u><\/a>, the leader in Digital Trust & Safety, today announced that it has acquired\u00a0Keyless<\/u><\/a>, a pioneer in passwordless and multi-factor authentication. Keyless\u2019 zero-knowledge cryptography and privacy-preserving biometric authentication technology eliminates account takeover (ATO) fraud due to weak or stolen passwords, phishing, and credential reuse, while allowing users to log into websites and apps simply by looking into their device\u2019s camera. Keyless\u2019 technology meets the Strong Authentication Compliance requirements of PSD2, is FIDO Certified, and helps online businesses more easily meet the requirements of GDPR. Sift will offer Keyless products to regulated businesses and online merchants around the world.<\/p>\n

With account takeover attacks\u00a0reaching<\/u><\/a>\u00a0new and sustained heights during the COVID-19 pandemic, businesses have faced an ongoing, evolving threat from cybercriminals using large-scale automation to launch massive ATO attacks to steal stored account value, payment information, and other personal data. Keyless\u2019 biometric-based authentication eliminates a primary vector of ATO attacks by solving the root problem: passwords. Adding to the ATO prevention capabilities in Sift Account Defense, Keyless provides account security for any business that is ready to embrace a passwordless customer experience through multi-factor authentication that seamlessly allows users to log in to sites and apps from any device.<\/p>\n

Keyless\u2019 proprietary technology frees businesses from storing and managing passwords. Rather than tying a user\u2019s biometric factor to a password, Keyless\u2019 SDKs allow businesses to deploy biometric logins interoperably on their websites and apps as the primary authentication mechanism, or integrate the Keyless authenticator app into the login experience. In either deployment, users can simply look into the camera on their smartphone or computer to authenticate, with a consistent experience across devices.<\/p>\n

\u201cProtecting businesses from fraud while reducing customer friction is the foundation of a Digital Trust & Safety strategy,\u201d said Marc Olesen, President & CEO of Sift. \u201cKeyless has created a truly innovative product that provides better account security with less friction for users, and meets the qualifications for regional regulations like PSD2. We\u2019re so excited to bring the Keyless team to Sift and for our customers to benefit from their incredible technology and expertise.\u201d<\/p>\n

Importantly, Keyless puts privacy at the center of the experience by authenticating users without storing their biometric or cryptographic information on their device or in any central location\u2014and by leveraging advanced privacy-preserving, multi-party computation protocols. The Keyless network does not have access to the biometrics, and therefore no one but the user has access to it.<\/p>\n

\u201cOur mission at Keyless is to provide people and organizations with a passwordless future, where the user is the key,\u201d said Andrea Carmignani, CEO and Co-founder of Keyless. \u201cJoining Sift will allow us to reach businesses around the world, stop account takeover attacks at scale, and ensure that users can authenticate seamlessly across devices with nothing more than a glance at their device\u2019s camera.\u201d<\/p>\n

\u201cAdvances in biometric technology have signaled the beginning of the end for passwords,\u201d said Andrew Shikiar, Executive Director and CMO of the FIDO Alliance, an open industry association focused on providing open and free authentication standards. \u201cKeyless has developed a novel and secure approach that leverages FIDO\u2019s protocols to make authentication easier for consumers. I look forward to seeing Sift and Keyless drive adoption of this standards-based technology that both businesses and consumers desperately need to thwart the growing number of account takeover attacks.\u201d<\/p>\n

For more information on Sift\u2019s acquisition of Keyless, go\u00a0here<\/u><\/a>.<\/p>\n

About Sift<\/strong>
\nSift is the leader in Digital Trust & Safety, empowering digital disruptors to Fortune 500 companies to unlock new revenue without risk. Sift dynamically prevents fraud and abuse through industry-leading technology and expertise, an unrivaled global data network of 70 billion events per month, and a commitment to long-term customer partnerships. Global brands such as Airbnb, Doordash, and Wayfair rely on Sift to gain a competitive advantage in their markets. Visit us at\u00a0sift.com<\/a>, and follow us on Twitter @GetSift.<\/p>\n

Media Contact<\/strong>:<\/p>\n

Victor White
\nSenior Director of Corporate Communications, Sift
\npress@sift.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Biometric authentication innovator eliminates password-based account takeover and enables PSD2 Strong Customer Authentication while preserving user privacy SAN FRANCISCO, Nov. 17, 2021 (GLOBE NEWSWIRE) \u2014\u00a0Sift, the leader in Digital Trust & Safety, today announced that it has acquired\u00a0Keyless, a pioneer in passwordless and multi-factor authentication. Keyless\u2019 zero-knowledge cryptography and privacy-preserving biometric authentication technology eliminates account [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"yoast_head":"\nSift Acquires Passwordless Authentication Pioneer Keyless to Provide Regulated Businesses and Online Merchants with Secure, Frictionless Authentication - Myanmar News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myanmarnewsgazette.com\/sift-acquires-passwordless-authentication-pioneer-keyless-to-provide-regulated-businesses-and-online-merchants-with-secure-frictionless-authentication\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sift Acquires Passwordless Authentication Pioneer Keyless to Provide Regulated Businesses and Online Merchants with Secure, Frictionless Authentication - Myanmar News Gazette\" \/>\n<meta property=\"og:description\" content=\"Biometric authentication innovator eliminates password-based account takeover and enables PSD2 Strong Customer Authentication while preserving user privacy SAN FRANCISCO, Nov. 17, 2021 (GLOBE NEWSWIRE) \u2014\u00a0Sift, the leader in Digital Trust & Safety, today announced that it has acquired\u00a0Keyless, a pioneer in passwordless and multi-factor authentication. 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