SAN JOSE, Calif., March 31, 2021 /PRNewswire/ — Nok Nok, the trusted chief in passwordless authentication, right this moment introduced it has been acknowledged with the brand new product innovation award for 2020, due to its efforts to empower organizations to ship digital experiences to their prospects by its passwordless authentication platform.
As the one recipient of the Frost & Sullivan 2020 World New Product Innovation Award within the passwordless shopper authentication market, Nok Nok obtained the award for “correctly addressing the challenges associated to utilizing passwords by offering an modern passwordless authentication platform.”
At a time when COVID-19 has resulted within the present market have to speed up and increase distant workforces which can be linked digitally, together with a rise in on-line shopper transactions – passwordless authentication is seeing a major surge in strategic significance. For instance phishing assaults elevated in 2020, making organizations extra receptive to the concept of adopting multi-factor authentication options, together with the usage of biometrics. The Nok Nok™ S3 Authentication Suite (Nok Nok S3 Suite), which contains world business requirements together with these from the Quick Id On-line (FIDO) Alliance, shops authentication credentials domestically on the gadget, and removes the priority from workers and customers about sharing their biometric data with an employer or different third events.
Buyer success with Intuit was referenced within the New Product Innovation Award: Intuit was on the lookout for a seamless but safe authentication answer to boost person expertise and scale back present points with private identification numbers (PINs) and passwords. Intuit’s technique for id administration was a standards-based method – Nok Nok was an ideal match to leverage gadget biometrics for passwordless authentication. Intuit’s Nok Nok rollout to its tens of millions of customers resulted in a 20% discount in authentication time and 99.9% authentication success when in comparison with SMS/OTP, which ranged from 80 to 85% success.
“As probably the most broadly deployed FIDO-based answer, the S3 Authentication Suite is a complete shopper passwordless authentication platform. Nok Nok is concentrated on offering sensible help to particular person buyer necessities. The corporate delivers enhanced buyer worth by continuously introducing distinctive options to its S3 Authentication Platform, equivalent to adaptive insurance policies, fast authentication, and single-developer API,” acknowledged Ram Ravi, Trade Analyst, Industrial Applied sciences, Frost & Sullivan.
The Product Innovation Award additionally acknowledged Nok Nok as co-founder of the Quick Id On-line (FIDO) Alliance, an open business affiliation with a targeted mission: authentication requirements to assist scale back the world’s over-reliance on passwords. Presently, the FIDO Alliance consists of over 250 members that embody business main organizations all over the world together with Alibaba Group, Apple, Google, Intel, Mastercard, Microsoft, Oberthur Applied sciences, Qualcomm, RSA, and Samsung.
Frost & Sullivan identifies 4 key worth propositions supplied by Nok Nok that considerably improve buyer worth:
- Speed up path to creating passwords out of date: Not like competing options available in the market that don’t handle all use circumstances or “build-it-yourself” fashions, Nok Nok’s answer allows prospects to deploy a sensible passwordless authentication answer in much less time.
- Platform-agnostic help: Nok Nok offers help for the complete passwordless person lifecycle on any platform, enabling the broadest spectrum of passwordless authentication use circumstances, together with frictionless on-boarding and progressive profiling, simple bootstrapping of recent units, account restoration, and suspension and de-provisioning of customers. Different competing options available in the market typically solely handle a small subset of buyer use circumstances.
- Confirmed and low threat: Having carried out many large-scale passwordless deployments throughout the globe at scale supporting 10’s of tens of millions of customers for every buyer, Nok Nok has important expertise in profitable industrial deployments for main authentication initiatives and is seen available in the market as a dependable and high-quality vendor by new prospects.
- Scalable and future-proof platform: By leveraging a FIDO-based specs, organizations can make the most of an business customary that’s supported by platform distributors. This ensures that prospects can simply and cheaply make the most of ongoing innovation as new units and authenticators are launched into the market.
“We knew after we began this journey to convey collectively excessive tech, banking and telecom corporations to make the web safer and in a user-friendly manner it could not be simple,” stated Phillip Dunkelberger, chief govt officer, Nok Nok. “The truth that FIDO requirements and Nok Nok at the moment are so globally accepted is a testomony to the necessity for standards-based passwordless authentication options. We’re honored that Frost & Sullivan acknowledged the innovation we convey to this entrance.”
To be taught extra about Nok Nok S3 Suite or to strive a free demo, please go to:
Concerning the Frost & Sullivan Award:
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About Nok Nok Labs (Nok Nok)
Nok Nok is the trusted chief in passwordless shopper authentication to the world’s largest organizations. Delivering probably the most modern authentication options available in the market right this moment, Nok Nok empowers world organizations to enhance the person expertise to entry digital providers, whereas assembly probably the most superior privateness and regulatory necessities. The Nok Nok™ S3 Authentication Suite integrates into present safety environments to ship a confirmed, cost-effective, future-proof and standards-based passwordless shopper authentication answer. Headquartered in Silicon Valley, California, the corporate has delivered distinctive innovations and improvements which can be protected by a strong world patent portfolio. As a founding father of the FIDO Alliance and an inventor of FIDO specs, Nok Nok is the knowledgeable in deploying standards-based authentication, and its business main prospects and companions embody BBVA, DDS, Inc., Ericsson, Fujitsu Restricted, Hitachi, Intuit, Lenovo, MTRIX GmbH, NTT DATA, NTT DOCOMO, OneSpan, SoftBank, T-Cell and Verizon. For extra data, go to www.noknok.com.
SOURCE Nok Nok Labs