HyprKey Rolls Out Biometric Three-Factor Authentication For All Bluetooth Devices
Two-factor authentication is an industry standard pushed widely by the Bitcoin community over the past few years. Most users are pressured to secure their funds and accounts to the maximum degree as it's their money and their responsibility. Hyprkey is stepping up the industry standard with their biometric tokens based on three-factor authentication. At only the size of a nicotine patch, the HYPR-3 sticker reportedly secures and authorizes everything with a fingerprint. In a recent press release, CEO of Hypr Corp George Avetisov laid out a vision for the future of the extra level in....
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HYPR-3 is a consumer product solution for extra high security with three-factor authentication that will be arriving by May 2015. This system allows users to authorize mobile payments with their fingerprint by swiping an adhesive biometric token generator approximately the size of a nicotine patch. Attaching the HYPR-3 Sticker to a Bluetooth enabled device replaces passwords with 3 Factor Authentication. The three-factor authentication is described has a process by which users can enhance their security by applying a 3rd factor with the user finger print:Something I have, Something I am,....
New York-based digital wallet security company HyprKey is claiming that it can make the process of paying with one's phone much safer through the usage of its new tool the HYPR-3. As a three-step biometric authentication device, the HYPR-3 is supposedly able to eliminate any likelihood of payment fraud at the point of sale for all users paying with bitcoin, credit cards and third-party digital wallets on their mobile devices. Furthermore, processing fees for payment merchants would also be significantly lowered. Company CEO George Avetisov explained the tool's workability in further....
If there's one thing standing in the way of mainstream bitcoin adoption, it's cyberfraud. So says the team at HyprKey, the startup aiming to protect digital currency users from fraud by utilizing the HYPR-3 three-factor authentication protocol. HyprKey works by creating a biometric authentication bridge between the user and the mobile wallet built on top of it. It auto-converts bitcoin in real-time so users can spend it without ever even touching the digital currency by linking their debit cards, thereby authenticating transactions at the point of sale. "The reason that [cyberfraud] struck....
Bitcoin wallets are already known to be very secure, as most feature a multisig verification and provide both public and private keys for users. However, recent hacking incidents and online theft could lead some companies to consider biometric authentication. Just recently, HYPR Corp. announced the availability of its biometric authentication SDK which could be used for third-party integration. This means that bitcoin wallets could be able to add yet another layer of security to their services. Bitcoin Wallets Authentication. The HYPR SDK enables enterprises to seamlessly implement....
Airbitz One-Touch 2FA that makes Ease of Security a reality. Bitcoin startup Airbitz has launched the "One-Touch 2-Factor Authentication for its mobile Bitcoin wallet for iPhone and Android devices. Two-Factor Authentication Explained. Two-factor authentication (2FA) has become a key feature for enhanced security on the web and mobile devices. It involves the use of two or more different components to prove the identity of a user. The components used fall into three categories. The first has to be something that the user has in his possession. This could be in the form of a bank card, set....