Toc Joins International Alliance for Secure Online Authentication
- Security , Authentication Technology
- 02.05.2016 09:00 am
The popularization of mobile phones with biometric sensors together with technological advances for mobile payments has revolutionized the world of online transactions. The FIDO Alliance was formed in July 2012 to address the lack of interoperability among these types of strong authentication technologies, and remedy the problems users face with creating and remembering multiple usernames and passwords.
"We are excited to welcome TOC as our newest Associate member," said Brett McDowell, executive director of the FIDO Alliance. "FIDO standards ensure efficient universal authentication across an entire interoperable ecosystem, which provides better security, more privacy, more trade and expanded services through the digital industry."
"For years we have been heading in Chile and other countries in the region such as Peru and Colombia, carrying out safety and efficient procedures, verifying the identity of people with their fingerprint. For this reason, we are proud and to be the first Latin American company to join the FIDO Alliance alongside other leading authentication companies,” said Leon Paul, general manager of TOC, who attended the FIDO Seminar held last month in New York. Major developers and companies like Google, eBay, Aetna, Morpho and others participated at the meeting, where various online authentication mechanisms were analyzed. “We believe that biometrics is the best technology available today for online authentications, certifying that I am who I say, so we are pleased to contribute to and support FIDO’s global standards and to keep up to date on the latest trends,"
Currently, FIDO has more than 250 members, including Google, MasterCard, Visa, Microsoft, American Express, Bank of America, Intel, PayPal, Samsung and others. FIDO is working to address the lack of interoperability between authentication devices, along with solving the problem of creating and remembering multiple passwords (on average a user requires about 18 passwords, but in practice we cannot remember more than four) generating standards to avoid loss of information by malicious access.
In addition to TOC’s association with FIDO Alliance, TOC joined the Biometrics Institute during the last year, which aims to promote the responsible use of biometrics through global standards. These are two important international groups that seek to raise safety standards, and TOC was incorporated as the first representative of Latin America.