Biometrics firm Hoyos Labs has relaunched as Veridium, while also launching a new flagship biometric ID product designed to reduce enterprise data breaches and fraud.The new company noted in a statement that while Hoyos Labs achieved numerous breakthroughs in biometrics R&D, with eight patents and 34 patents pending, that Veridium will take the strongest elements of that research legacy into a more focused product offering.Veridium plan to directly address the most pressing security needs of four key sectors: Global 2000, financial services, healthcare and government, and its solutions are built on an open standard to ensure continual iteration and enable the solutions to evolve at the forefront of the industry. The new product, VeridiumID, is a server-based system for biometric authentication that works in conjunction with an enterprise's mobile app and Veridium's front-end, mobile SDK.”Unlike other biometric authentication solutions on the market today, VeridiumID can separate biometric data into pieces using visual cryptography. This method distributes and stores biometric data between the server and smartphone, making it difficult for hackers to compromise or steal a complete biometric vector”. VeridiumID accommodates multiple plug-and-play biometric libraries, including Veridium's own 4 Fingers TouchlessID, and integrates with existing enterprise environments, including support for Active Directory or a FIDO authenticator; no added hardware is required.”We're going to replace what you know (passwords) with what you are (biometrics) to safeguard enterprises from fraud and data breaches,” said Todd Shollenbarger, COO, Veridium.”It's a simple goal but there are a litany of reasons why biometrics have not yet been adopted on a widespread basis, including high cost, the complexity of implementation and, perhaps ironically, security concerns. Our flagship solution VeridiumID solves all of these issues. We lower costs and address implementation challenges because we can use SaaS-delivery for the back-end technology and users' smartphones as the image capture device to authenticate. We're making biometric authentication a solution of today, not tomorrow.”
Hoyos Labs relaunches as Veridium
