authID Launches PrivacyKey™, Embedding Groundbreaking Privacy and Compliance in Its Biometric Identity Authentication Platform
authID (Nasdaq: AUID) has launched PrivacyKey™, a groundbreaking solution for its biometric identity authentication platform that eliminates biometric data storage risks and compliance issues. The technology enhances authID's Proof™ and Verified™ solutions by implementing a key-pair system that processes facial biometrics without storing actual biometric data.
The new system, available in Version 4.0, creates public and private key pairs during identity proofing, immediately destroying the private key and storing only the public key. During authentication, the private key is recreated and matched with the public key through an encrypted message. The platform maintains high performance with 700ms processing speeds and one-in-one billion false-match accuracy.
PrivacyKey™ also features advanced key-management capabilities, allowing enterprises to rotate and revoke keys while ensuring authorized-only access. This innovation addresses growing concerns about biometric data security and compliance with increasing regulatory requirements across different jurisdictions.
authID (Nasdaq: AUID) ha lanciato PrivacyKey™, una soluzione innovativa per la sua piattaforma di autenticazione biometrica che elimina i rischi di archiviazione dei dati biometrici e le problematiche legate alla conformità. La tecnologia migliora le soluzioni Proof™ e Verified™ di authID implementando un sistema di chiavi a coppie che elabora i biometrie facciali senza conservare i dati biometrici reali.
Il nuovo sistema, disponibile nella Versione 4.0, crea coppie di chiavi pubbliche e private durante la verifica dell'identità, distruggendo immediatamente la chiave privata e memorizzando solo la chiave pubblica. Durante l'autenticazione, la chiave privata viene ricreata e confrontata con la chiave pubblica tramite un messaggio crittografato. La piattaforma mantiene alte prestazioni con velocità di elaborazione di 700ms e un'accuratezza di falso abbinamento di uno su un miliardo.
PrivacyKey™ include anche avanzate capacità di gestione delle chiavi, consentendo alle imprese di ruotare e revocare chiavi, garantendo l'accesso solo agli autorizzati. Questa innovazione affronta le crescenti preoccupazioni riguardo alla sicurezza dei dati biometrici e alla conformità con i requisiti normativi in aumento in diverse giurisdizioni.
authID (Nasdaq: AUID) ha lanzado PrivacyKey™, una solución innovadora para su plataforma de autenticación de identidad biométrica que elimina los riesgos del almacenamiento de datos biométricos y los problemas de cumplimiento. La tecnología mejora las soluciones Proof™ y Verified™ de authID mediante la implementación de un sistema de pares de claves que procesa las biometrías faciales sin almacenar los datos biométricos reales.
El nuevo sistema, disponible en la Versión 4.0, crea pares de claves públicas y privadas durante la verificación de identidad, destruyendo inmediatamente la clave privada y almacenando solo la clave pública. Durante la autenticación, se recrea la clave privada y se compara con la clave pública a través de un mensaje encriptado. La plataforma mantiene un alto rendimiento con velocidades de procesamiento de 700ms y una precisión de coincidencia falsa de uno en mil millones.
PrivacyKey™ también cuenta con avanzadas capacidades de gestión de claves, permitiendo a las empresas rotar y revocar claves asegurando el acceso solo a los autorizados. Esta innovación aborda las crecientes preocupaciones sobre la seguridad de los datos biométricos y el cumplimiento de los requisitos regulatorios en aumento en diferentes jurisdicciones.
authID (Nasdaq: AUID)는 생체 인식 데이터 저장 위험과 규정 준수 문제를 없앤 생체 신원 인증 플랫폼을 위한 혁신적인 솔루션 PrivacyKey™를 출시했습니다. 이 기술은 실제 생체 데이터를 저장하지 않고 얼굴 생체 인식을 처리하는 키 쌍 시스템을 구현하여 authID의 Proof™ 및 Verified™ 솔루션을 향상시킵니다.
버전 4.0에서 사용할 수 있는 새로운 시스템은 신원 확인 중에 공개 및 비공개 키 쌍을 생성하고 비공식 키를 즉시 파괴하며 공개 키만 저장합니다. 인증 중에 비공식 키가 재생성되고 암호화된 메시지를 통해 공개 키와 일치하게 됩니다. 이 플랫폼은 700ms의 처리 속도와 10억 분의 1의 잘못된 일치 정확도로 높은 성능을 유지합니다.
PrivacyKey™는 또한 기업이 키를 회전하고 취소할 수 있도록 하는 고급 키 관리 기능을 특징으로 하여 인증된 사용자만 접근할 수 있도록 보장합니다. 이 혁신은 생체 데이터 보안에 대한 증가하는 우려와 다양한 관할권의 규정 준수 요구 사항 강화에 대한 문제를 다룹니다.
authID (Nasdaq: AUID) a lancé PrivacyKey™, une solution révolutionnaire pour sa plateforme d'authentification d'identité biométrique qui élimine les risques de stockage de données biométriques et les problèmes de conformité. La technologie améliore les solutions Proof™ et Verified™ d'authID en mettant en œuvre un système de paires de clés qui traite les biométries faciales sans stocker de données biométriques réelles.
Le nouveau système, disponible dans la Version 4.0, crée des paires de clés publiques et privées lors de la validation de l'identité, détruisant immédiatement la clé privée et ne stockant que la clé publique. Lors de l'authentification, la clé privée est recréée et comparée à la clé publique via un message crypté. La plateforme maintient des performances élevées avec des vitesses de traitement de 700 ms et une précision de faux rapprochement d'un sur un milliard.
PrivacyKey™ dispose également de capacités avancées de gestion des clés, permettant aux entreprises de faire tourner et révoquer des clés tout en garantissant l'accès uniquement aux personnes autorisées. Cette innovation répond aux préoccupations croissantes concernant la sécurité des données biométriques et la conformité aux exigences réglementaires de plus en plus strictes dans différentes juridictions.
authID (Nasdaq: AUID) hat PrivacyKey™ eingeführt, eine bahnbrechende Lösung für seine biometrische Identitätsauthentifizierungsplattform, die die Risiken der Speicherung biometrischer Daten und die Compliance-Probleme eliminiert. Die Technologie verbessert die Lösungen Proof™ und Verified™ von authID, indem sie ein Schlüsselpaar-System implementiert, das Gesichtsbionmetriken verarbeitet, ohne die tatsächlichen biometrischen Daten zu speichern.
Das neue System, das in Version 4.0 verfügbar ist, erstellt während der Identitätsprüfung öffentliche und private Schlüsselpaar und zerstört sofort den privaten Schlüssel, wobei nur der öffentliche Schlüssel gespeichert wird. Während der Authentifizierung wird der private Schlüssel rekreiert und über eine verschlüsselte Nachricht mit dem öffentlichen Schlüssel abgeglichen. Die Plattform hält hohe Leistungswerte mit 700ms Bearbeitungszeiten und einer Falschübereinstimmungsgenauigkeit von eins in einer Milliarde.
PrivacyKey™ bietet außerdem erweiterte Schlüsselverwaltungsfunktionen, die es Unternehmen ermöglichen, Schlüssel zu rotieren und zu widerrufen, und dabei den Zugriff nur für autorisierte Benutzer sicherzustellen. Diese Innovation begegnet den wachsenden Bedenken hinsichtlich der Sicherheit biometrischer Daten und der Einhaltung zunehmender regulatorischer Anforderungen in verschiedenen Rechtsordnungen.
- Innovative solution elimininating biometric data storage risks
- High performance metrics: 700ms processing speed
- One-in-one billion false-match accuracy
- Enhanced security through key-management capabilities
- Potential market expansion by addressing privacy concerns
- None.
Insights
The launch of PrivacyKey marks a pivotal innovation in the biometric authentication space, addressing two critical market barriers: privacy concerns and regulatory compliance. The technology's unique approach of not storing biometric data while maintaining robust authentication capabilities through public-private key pairs represents a significant competitive advantage.
The technical specifications are particularly noteworthy:
- Processing speed of 700ms indicates superior performance compared to industry standards
- False-match accuracy of one-in-one billion demonstrates exceptional reliability
- Key rotation and revocation capabilities provide enterprise-grade security management
From a market perspective, this innovation could accelerate enterprise adoption of biometric authentication, particularly in heavily regulated sectors like finance and healthcare. The elimination of biometric data storage addresses compliance requirements across multiple jurisdictions, including states with strict biometric privacy laws.
The technology's architecture, which prevents duplicate registrations without storing facial images, offers a elegant solution to a complex problem. This approach could become the new industry standard, potentially forcing competitors to develop similar privacy-first solutions.
For investors, this represents a significant potential catalyst for authID's market position. The technology addresses a major market barrier while maintaining high performance standards, which could lead to increased enterprise adoption and market share growth in the expanding biometric authentication market.
The unmatched speed and accuracy of authID’s Proof and Verified identity authentication solutions now provide enterprises with care-free compliance that eliminates the issues and risks associated with biometric data storage.
DENVER, Jan. 28, 2025 (GLOBE NEWSWIRE) -- authID® (Nasdaq: AUID) (“authID”), a leading provider of biometric identity verification and authentication solutions, today announced the release of PrivacyKey™, a first-of-its-kind solution for protecting user biometric data while also avoiding all the compliance issues and risks related to biometric information storage. With the addition of PrivacyKey, authID serves as the ideal partner for organizations that previously delayed or avoided implementation of biometric solutions due to concerns over liability or potential user apprehension regarding privacy. This technology also prevents duplicate registrations without storing actual images of users’ faces.
authID’s Proof™ solution for onboarding users captures images of physical identification documents and faces, validates both for liveness and authenticity, then matches up the facial images for positive identification, all with market-leading speed and accuracy. Historically, authID has retained an encrypted hash of the calculus of each face for subsequent authentication through its Verified™ solution. With PrivacyKey, available with authID’s Proof and Verified platform Version 4.0, authID stores no biometric data whatsoever, thereby ensuring user privacy and regulatory compliance while providing authID customers absolute confidence in the security measures they implement to authenticate and verify identities.
PrivacyKey also features critical key-management capabilities that ensure the highest level of user protection and privacy. Enterprises using the platform can rotate and revoke keys with ease, ensuring the keys are accessible only to those who are authorized to access them. This offers authID customers a level of security no other biometric authentication solution can offer.
“We’ve never stored any biometric data that could be reverse-engineered into a face. Today we’re innovating even further to satisfy even the most stringent compliance concerns,” explained Rhon Daguro, CEO of authID. “By leveraging technology that retains no biometric artifact whatsoever, authID provides secure verification that enterprises can trust, all at 700ms processing speeds and with one-in-one billion false-match accuracy. Companies that use authID will have cutting-edge security and data privacy compliance because PrivacyKey™ eliminates biometric data storage.”
While biometric authentication usage is on the rise, fears of any collected biometric data being vulnerable to theft or misuse persist as the primary barrier to adoption. This leads to consumers and even employees opting out of participating in biometric systems, regardless of guarantees that their data is safe from breaches or resale. An increasing number of states and countries are also enacting laws limiting or even banning biometric data retention, meaning companies incur additional legal burdens. With the addition of PrivacyKey™, authID provides assurance to users as well as their organizations, and broadens the market for its best-in-class biometric platform.
“Identity verification products based on personally-identifiable information are always vulnerable to data breaches, but authID’s platform subtracts that risk, allowing businesses to leverage biometric signals that can’t be breached and can’t be phished,” said Erick Soto, authID Chief Product Officer. “At time of identity proofing and onboarding, we utilize the facial biometric to create a public and private key pair. We immediately destroy the private key, and store only the public key. Each time that an onboarded user authenticates with their face, we recreate the private key, which is then matched to the public key with an encrypted message for verification. And during a search, even the keys are only matched within their organization’s ecosystem, not the universe.”
“With PrivacyKey™, users don’t have to worry about their facial biometrics being at risk in our cloud, and our customers avoid compliance risks, since there’s nothing to steal,” added Daguro. “We provide the ultimate in data privacy protection.”
For more information and a video demonstration of PrivacyKey, click here. For additional information, visit https://authid.ai/
About authID
authID® (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented, biometric identity platform. authID quickly and accurately verifies a user’s identity and eliminates any assumption of ‘who’ is behind a device to prevent cybercriminals from compromising account openings or taking over accounts. Combining secure digital onboarding, biometric authentication, and account recovery with a fast, accurate, user-friendly experience, authID delivers biometric identity processing in 700ms. Binding a biometric root of trust for each user to their account, authID stops fraud at onboarding, detects and stops deepfakes, eliminates password risks and costs, and provides the fastest, frictionless, and the more accurate user identity experience demanded by today’s digital ecosystem. Contact us to discover how authID can help your organization secure your workforce or consumer applications against identity fraud, cyberattacks and account takeover.
Media Contacts
Walter Fowler
1-631-334-3864
wfowler@nexttechcomms.com
Investor Relations Contacts
Gateway Group, Inc.
Cody Slach and Alex Thompson
1-949-574-3860
AUID@gateway-grp.com
Investor-Relations@authid.ai
FAQ
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