HYPR and Yubico have teamed up on a new joint solution for authentication in the enterprise.
As HYPR CEO Bojan Simic explains, the solution offers “a seamless passwordless authentication experience that provides flexibility to use both software or hardware, accelerating user adoption.” Broadly speaking, Yubico is providing the hardware, in the form of its USB and NFC security keys, while HYPR is delivering virtual tokens to support software-driven forms of authentication, such as logging into a workstation using a smartphone.
The companies say that their joint offering is compatible with all major identity technologies, including those from the United Kingdom’s verified Identity Service Providers (IDSPs), as well as identity and access management systems and single-sign on services. What’s more, it is compliant with FIDO Alliance specifications, which are widely considered the gold standard for multi-factor authentication.
Along with their partnership, HYPR and Yubico have also announced a new study they commissioned from Enterprise Management Associates, which found that 91 percent of businesses’ employees rely on passwords as their primary authentication mechanism. Unsurprisingly, the study also found that 82 percent of the businesses surveyed had experienced IT security breaches in the past year.
“Our independent and objective research findings confirm that we have reached an inflection point in authentication solutions driven by broad recognition that reliance on traditional passwords is no longer sustainable,” asserted EMA’s Vice President of Research, Chris Steffen.
HYPR and Yubico’s work together on their new solution and their research in partnership with EMA offers a further indication of each company’s interest in collaborative efforts with other industry players. HYPR, for example, recently unveiled a converged access card developed in partnership with IDEMIA and Wavelynx, while Yubico recently joined one of the European Union’s large-scale, multiparty pilot programs for its planned EU Digital Identity wallet.
November 21, 2023 – by Alex Perala