ThreatMetrix and Nok Nok Labs Partner to Deliver Innovative Authentication Technologies
SAN FRANCISCO, California – September 18, 2017: ThreatMetrix®, The Digital Identity Company®, today announced a new partnership with Nok Nok Labs, the pioneer in modern authentication and founder of the FIDO Alliance, that will help businesses meet the security challenges of today’s digital economy. The partnership, announced at the opening of the 2017 Digital Identity Summit, will deliver integrated strong authentication and risk-based authentication solutions to ensure maximum security and minimal user friction. This will tackle the complex authentication requirements facing digital businesses today, factoring in evolving consumer behaviors, a changing regulatory landscape and escalating cybercrime levels.
Organizations today are faced with the challenge of improving the user experience to maximize ROI of online services, while reducing security risks and operational costs. By combining the intelligence of risk based authentication with a standards-based strong authentication framework, organizations can greatly reduce the friction and cost of silo’d, legacy authentication methods while significantly improving authentication integrity.
Named as the sole leader in the 2017 Forrester WaveTM for risk-based authentication, ThreatMetrix enables accurate customer trust decisions for digital fraud and authentication transactions worldwide through a unique global shared intelligence network analyzing 24b annual transactions across 1.4b unique anonymized identities. These capabilities will be bolstered by cutting-edge authentication technology from Nok Nok Labs, supporting all FIDO protocols and the ability to use fingerprint, face, voice and iris biometrics, tokens, smartcards and wearables across multiple platforms, supporting all FIDO protocols.
As the leader in globally deployed FIDO implementations, Nok Nok Labs will help ThreatMetrix support their customers with best-in-class solutions. With Nok Nok Labs modern authentication platform, FIDO compliance and interoperability among strong authentication devices is made possible, while adhering to rigorous technical specifications for open, scalable user authentication approaches that reduce the reliance on passwords.
“We live in a post-breach world, where usernames and passwords are defunct, and diverse authentication methods are paramount,” said Alisdair Faulkner, chief products officer at ThreatMetrix.
“Businesses face competing needs of performing strong authentication, in a way that does not irritate customers or introduce friction. By integrating emerging, FIDO compliant authentication technologies from Nok Nok Labs into the ThreatMetrix platform, we are able to offer customers the industry’s most comprehensive approaches to authenticate users securely and with minimal friction.”
According to Rajiv Dholakia, VP Products and Business Development at Nok Nok Labs, “Authentication is the weak underbelly of security. Combining industry-leading digital identity solutions from ThreatMetrix with our FIDO based authentication platform provides businesses with user-friendly, future proof, strong authentication capabilities for any device or application. We are excited about the value our combined offering will deliver to customers by removing authentication silos, reducing cost and complexity, and minimizing user friction.”
ThreatMetrix®, The Digital Identity Company®, operates a global shared intelligence network to differentiate trusted customers from fraudsters. The ThreatMetrix Digital Identity Network® recognizes behavior and identities across 4.5 billion unique devices from 1.4 billion anonymized users worldwide. More than 5,000 businesses rely on ThreatMetrix as their decision engine to deliver a frictionless digital customer experience across all online transactions, for increased profitability and security.
ThreatMetrix is recognized as the sole Leader in the 2017 Forrester WaveTM for risk-based authentication. Learn more at www.threatmetrix.com.
About Nok Nok Labs
Nok Nok Labs is the pioneer in modern authentication and provides organizations with the ability to bring a unified approach to deploy easy to use and secure authentication infrastructure to their mobile and web applications, using standards-based solutions that include support for FIDO protocols and other industry standards. As a founder of the FIDO Alliance and author of it’s core protocol, the Nok Nok S3 Authentication Suite enables organizations to accelerate revenues, reduce fraud, and strengthen security and privacy. Nok Nok Labs is a founding member of the FIDO Alliance with industry leading customers and partners that include NTT DOCOMO, PayPal, Samsung and Lenovo. For more information, visit www.noknok.com.