The multi-award-wining cyber security company, Haventec, has successfully joined the FIDO Alliance, an international industry association with a focused mission to create authentication standards which will help to reduce the world’s over-reliance on passwords.
Haventec’s technology includes Authenticate, a genuinely passwordless solution that simplifies the authentication experience and stops usernames and passwords from being stolen.
FIDO Alliance proud to welcome Haventec
The FIDO Alliance expressed genuinely deserved pride in their associate member, Haventec for its dedication to the vision of industry standards for strong authentication.
They join a powerful FIDO ecosystem vital to widespread adoption of interoperable, strong authentication that simplifies the user experience while raising security and privacy at the same time,” said Andrew Shikiar, executive director and CMO of the FIDO Alliance.
In October 2021, FIDO Alliance launched its Online Authentication Barometer.
It found that despite biometrics being recognised for better security, 19% of people still consider passwords to be the most secure way to authenticate themselves online,
This demonstrates the importance of this consortium of over 250 companies, working together to educate their respective markets and reduce the reliance on passwords.
Haventec partners with Microsoft
As a member of the FIDO Alliance board of directors, Microsoft values the movement towards passwordless authentication and is excited for Haventec to join the Microsoft Azure Active Directory B2C ISV partner network and cement itself as a technology leader.
“As platforms and services continue to be digitised, all aspects of our business and personal lives are therefore becoming increasingly dependent on online transactions.”
“Relying on usernames and password combinations as the authentication mechanism for these systems is a point for friction for users in terms of compromised usability and security.”
“The Microsoft Azure Active Directory B2C ISV partner network provides clients more choice to build seamless and secure authentications as consumers seek simple and convenient logins.”
David Maunsell, the Chief Executive Officer of Haventec offered additional insights.
“Consumers, enterprises and regulators are all desperately seeking for a solution to the inherent weaknesses and complexity of the current digital authentication model.”
“With a globally patented authentication tool, Haventec Authenticate, we counteract fraud and data breaches, streamline identity verification and simplify the user experience.”
“Becoming members of Microsoft’s Independent Software Vendors’ partner network and the FIDO Alliance propels Haventec as a leading passwordless authentication provider.”
“Haventec aims to deliver innovations for clients to make digital life simpler and safer for their clients and ensure that no passwords are stolen when protected by Haventec Authenticate.”
“We share this passwordless mission with both the FIDO Alliance and Microsoft.”
In 2021, Haventec celebrated several milestones including raising $11 million in capital, launching their United States of America expansion and was crowned the winner of the cyber security categories at the Australian Technologies Competition and InnovationAus Awards.