INTELLIGENT BRANDS // Enterprise Security

They are introducing FIDO2 passkeys for passwordless authentication . This will enable millions of Colombians to connect with their digital identities and access digital services without typing any usernames and passwords .

Passwords have long been the weakest link for consumers accessing online services securely . Now with passkey , user identity is verified using biometrics or a device code , allowing users to log in quickly and securely . Each passkey has a pair of keys ; one remains stored in an encrypted format on the device , ensuring safety during data breaches . For businesses offering digital services , passkeys offer benefits such as improved login success rates , reduced login times , enhanced security and decreased operating costs . In this collaboration , the creation of the passkey follows an identity verification , which allows a user-centric , reusable SoyYo passkey for the verified user .

Danny de Vreeze , Vice President for Identity and Access Management at Thales , said : “ Passwords have been the fatal flaw in digital authentication for decades , but with the introduction of passkeys we are finally on the brink of a passwordless future . We are confident that passkeys will become the dominant authentication method , not only to secure access to services and platforms , but also to authorize any sensitive operations . We are proud to offer passkeys to all our customers , including those in regulated industries . We are pleased to support SoyYo , an agile fintech , playing a crucial role as an identity provider , with a smooth migration to a modern , future-proof solution .”

SoyYo aids businesses in safeguarding their users ’ digital identity and ensuring data security online . For the past three years , it has trusted Thales by using its cloud-based identity platform for safe digital onboarding of customers through document verification and identity proofing , and also for accessing their mobile app . With the passkeys ’ introduction , it can now use the same platform to offer passwordless authentication to end-users , enhancing the customer experience further .

“ Passkeys will help us strike that necessary balance between user experience and security , bringing authentication that is both familiar to users and phishing-resistant . We are pleased to be able to leverage an adaptable solution like the Gemalto IdCloud to power this offering , along with the full scope of our identity proofing and authentication needs . We have been partnering with Thales for a long time and look forward to continuing the collaboration to better serve our customers with solutions focused on usability , security and global compliance ,” shared Santiago Aldana , CEO at SoyYo . p

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