BIO-key Accelerates Zero Trust Solutions at Industry-Leading Cybersecurity Conference, ISC² Security Congress 2024
14 Octubre 2024 - 8:00AM
BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider
of workforce and customer identity and access management (IAM)
solutions featuring phoneless, tokenless, passwordless and
phish-resistant authentication solutions, announced the company
will sponsor, speak, and exhibit at ISC2 Security Congress 2024, in
Las Vegas on October 14 – 16, 2024. BIO-key will be hosting a
session on Passkeys. Passkeys and zero trust are core enabling
concepts of the National Institute of Standards and Technology
(NIST) guidance on cybersecurity for digital identities. Passkeys
are identified as aiding adherence to NIST Authentication Assurance
Levels (AAL) standards in the NIST 800-63B Passkey Supplementary
Guidelines released in May 2024.
Passkeys have historically been stored or
secured by phones, personal laptops or hardware tokens but many
enterprise users work in phone-free, roving user environments. The
cost of hardware tokens for thousands of users becomes a drain on
critical security budgets. BIO-key’s core differentiator in the
authentication category is allowing users to take advantage of a
biometric passwordless authentication solution that does not
require the use of phones or tokens. This unique capability fills a
crucial business use case gap that traditional MFA overlooks –
roving users working without phones, providing a secure
authentication experience that reduces the total cost of ownership
and provides the highest levels of usability and security.
BIO-key’s award-winning unified IAM platform, PortalGuard®, has
helped organizations of all sizes balance risk with flexibility and
productivity for users and identity administrators. The
company’s newest offering, Passkey:YOU brings a phoneless,
tokenless, passwordless experience to any IdP via a managed passkey
secured by a touch of a fingerprint or any door badge.
The ISC2 Security Congress, themed “Boldly
Forward,” brings together thousands of cybersecurity professionals
and inspires attendees from all stages of the cybersecurity
profession to elevate their careers, providing the opportunity to
acquire new strategies, skills, and expertise to overcome the
industry’s most pressing challenges.
“Continuous Education is vital for security
professionals to stay ahead of innovative threat actors,” states
BIO-key’s Director of Marketing, Mary Roark,
CISSP. “Conferences such as this provide attendees with
interactive sessions where everyone can learn something new and put
it into practice as soon as they return to the office.”
Attendees are encouraged to stop by booth 716 or
join the virtual conference to learn about BIO-key’s IAM solutions
and the new Passkey: YOU. If you plan to attend the event, we
invite you to our live speaking session: "Introducing
Passkey:YOU – a Passwordless Authentication Solution that Checks
All the Boxes." Join us on Monday, October 14, from
12:45 to 1:10 PM PT in Theatre 1.
“From shared workstations to remote access, to
users prohibited from having phones or tokens, enterprises face a
complex and ever-changing landscape of access requirements,” said
Galen Rodgers, VP of North America Sales & Channel.
“Traditional authentication methods are insufficient, so security
leaders attending ISC2 are exploring solutions that can offer
flexibility to accommodate the needs of diverse users and use cases
while maintaining the highest level of security. BIO-key is
confident that adding passkeys and biometric authentication will
accelerate their zero trust strategies.”
RESOURCES:https://www.bio-key.com/identity-bound-biometrics/passkey-authentication/
About BIO-key International,
Inc. (www.BIO-key.com)BIO-key is revolutionizing
authentication and cybersecurity with biometric-centric,
multi-factor identity and access management (IAM) software securing
access for over thirty-five million users. BIO-key allows customers
to choose the right authentication factors for diverse use cases,
including phoneless, tokenless, and passwordless biometric options.
Its hosted or on-premise PortalGuard IAM solution provides
cost-effective, easy-to-deploy, convenient, and secure access to
computers, information, applications, and high-value
transactions.
BIO-key Safe Harbor Statement
All statements contained in this press release
other than statements of historical facts are "forward-looking
statements" as defined in the Private Securities Litigation Reform
Act of 1995 (the "Act"). The words "estimate," "project,"
"intends," "expects," "anticipates," "believes," and similar
expressions are intended to identify forward-looking statements.
Such forward-looking statements are made based on management's
beliefs, as well as assumptions made by, and information currently
available to, management pursuant to the "safe-harbor" provisions
of the Act. These statements are not guarantees of future
performance or events and are subject to risks and uncertainties
that may cause actual results to differ materially from those
included within or implied by such forward-looking statements.
These risks and uncertainties include, without limitation, our
history of losses and limited revenue; our ability to raise
additional capital to satisfy working capital needs; our ability to
continue as a going concern; our ability to protect our
intellectual property; changes in business conditions; changes in
our sales strategy and product development plans; changes in the
marketplace; continued services of our executive management team;
security breaches; competition in the biometric technology
industry; market acceptance of biometric products generally and our
products under development; our ability to convert sales
opportunities to customer contracts; our ability to expand into
Asia, Africa and other foreign markets; our ability to integrate
the operations and personnel of Swivel Secure into our business;
fluctuations in foreign currency exchange rates; delays in the
development of products, the commercial, reputational and
regulatory risks to our business that may arise as a consequence
the restatement of our financial statements, including any
consequences of non-compliance with Securities and Exchange
Commission (“SEC”) and Nasdaq periodic reporting requirements; our
temporary loss of the use of a Registration Statement on Form S-3
to register securities in the future; any disruption to our
business that may occur on a longer-term basis should we be unable
to remediate during fiscal year 2024 certain material weaknesses in
our internal controls over financial reporting, and
statements of assumption underlying any of the foregoing as well as
other factors set forth under the caption "Risk Factors" in our
Annual Report on Form 10-K for the year ended December 31, 2023 and
other filings with the SEC. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date made. Except as required by law, we undertake
no obligation to disclose any revision to these forward-looking
statements, whether as a result of new information, future events,
or otherwise.
Engage
with BIO-key |
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LinkedIn – Corporate: |
https://www.linkedin.com/company/bio-key-international |
X – Corporate: |
@BIOkeyIntl |
X – Investors: |
@BIO_keyIR |
StockTwits: |
BIO_keyIR |
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Investor Contacts |
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William Jones, David Collins |
|
Catalyst IR |
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BKYI@catalyst-ir.com or 212-924-9800 |
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