authID has launched PrivacyKey™, a groundbreaking solution that eliminates the storage of biometric data, enhancing user privacy and compliance. This technological innovation provides companies with the confidence to implement biometric systems without the risks of liability or data theft. With rapid processing speeds and advanced security features, PrivacyKey™ addresses key concerns associated with biometric data usage while expanding market opportunities.
authID has introduced PrivacyKey™, an innovative solution designed to uphold biometric data privacy and compliance in identity authentication. This new technology allows organizations to implement biometric solutions without the burden of liability from biometric data storage. Essentially, it offers peace of mind by preventing duplicate registrations while ensuring user images are never stored.
The Proof™ platform systematically captures and verifies users’ identities through real-time facial recognition and document validation. It uses advanced algorithms to ensure liveness detection and maintains high operational speeds while providing exceptional accuracy. Traditionally, authID has utilized encrypted facial hashes for identity verification, ensuring user privacy.
With PrivacyKey integrated into authID’s platform Version 4.0, no biometric data is kept, enhancing user privacy and compliance with regulations. This also builds trust for enterprises concerned about the security of biometric systems. Enhanced key-management features allow organizations to manage access seamlessly, adding another layer of security and privacy.
CEO Rhon Daguro emphasized that the company has never stored biometric images in a retrievable format, further strengthening their compliance efforts. The new technology ensures that biometric verification is swift and reliable with processing speeds of 700 ms, drastically reducing the risk of false positives.
Concerns about biometric data theft have hindered adoption in various sectors, as individuals often fear misuse. Legal frameworks are evolving against biometric data retention, leading organizations to seek compliant solutions. PrivacyKey™ addresses these issues while expanding the market reach for biometric verification.
Erick Soto, Chief Product Officer, stated that traditional identity verification methods are prone to data breaches. However, authID’s platform ensures that only non-breachable biometric signals are utilized during the authentication process. By generating ephemeral keys for each authentication request, the system enhances security without retaining sensitive information.
The implementation of PrivacyKey™ means users can authenticate securely without concerns about exposing their biometric data. This innovation translates to compliance advantages for organizations since no biometric information is stored, drastically reducing theft risks. The technology signifies a significant leap in biometric data protection.
The increasing prevalence of biometric authentication has generated concerns regarding data security and privacy among consumers, employees, and organizations. Biometric data, while offering a promising solution for identity verification, poses risks if mishandled or breached. Recent legislative moves in several regions aim to regulate or eliminate the retention of such sensitive data, making it crucial for biometric identity solutions to prioritize user privacy and compliance more than ever. In response, tech providers like authID are innovating to provide secure, compliant biometric solutions without the associated risks of data storage.
The introduction of PrivacyKey™ by authID represents a significant advancement in biometric identity verification technology. By eliminating the storage of sensitive biometric information, it alleviates organizations’ compliance concerns while ensuring user privacy. This innovative approach facilitates widespread adoption of biometric solutions without the risks typically associated with data breaches, thus setting a new standard in security and efficiency for identity verification processes.
Original Source: www.globenewswire.com
