Transmit Security is looking to accelerate the end of passwords with the release of a completely passwordless security solution. BindID offers support for face and fingerprint recognition, taking advantage of the sensors and cameras that come embedded in modern IoT devices.
Unlike other solutions, BindID does not require the use of a dedicated app. Instead, organizations can integrate BindID into their existing infrastructure through the use of open standards and APIs, allowing customers to authenticate themselves and gain access to personal accounts and corporate materials with secure device biometrics.
The solution is compatible with virtually any connected device, and can also be used to protect channels and devices that do not have their own biometric scanners. In those cases, customers can use the biometric authentication features on their own mobile devices to verify their identities. As a result, BindID can be used to secure call centers and web channels in addition to individual devices and workstations.
Transmit is hoping that BindID will motivate companies to drop passwords as an authentication option, noting that most access control solutions still allow users to sign in with passwords should they choose to do so. BindID is intended as a full replacement, to the point that organizations would be able to delete all of the passwords in their database, and eliminate the security threat that they represent, once they decide to implement it.
Transmit went on to argue that businesses that adopt BindID will generate more revenue and garner more goodwill with a better customer experience. In that regard, the company cited a recent FIDO Alliance survey that found that roughly 60 percent of consumers have abandoned an online purchase as a direct result of the hassle associated with passwords.
“BindID marks the end of the password era,” explained Transmit Co-Founder and CEO Mickey Boodaei. “Users can authenticate through their mobile or any biometrics-enabled device without the need for an authentication app.”
BindID arrives several years after the 2017 debut of the Transmit Security Platform, which was Transmit’s previous mobile authentication offering. Trasmit is one of the many companies that has warned about the dangers of passwords in the past few months, with Ivanti recently publishing a study that uncovered risky behavior amongst remote workers.