When one thinks of security and authentication, what often comes to mind may be passwords to email or logins to websites. However, when taking into account all other forms of authentication we use on a daily basis, such as keys to a vehicle, electronic devices, medical records, or an office, it quickly becomes apparent how ingrained personal authentication is in society and its daily role in efficient personal and business operations.

At CES 2019, the breadth of this truth was acknowledged by major companies, investment firms, and IT-savvy tech consumers, who passed by the KeySupreme booth last week at the Las Vegas Sands Expo Convention Center.

As KeySupreme showcased its biometric authentication-based uKey watch and demonstrated its versatile security applications through its “uKey” authentication products such as the uKey wallet, uKey module, and uKey email platform, companies of various industries perceived very real solutions to their pervasive security issues that currently make the authentication of people, property, or information both costly and risky.

Interested industries ranged from major car companies seeking more secure solutions for their vehicle door locks, to tech organizations that employ thousands and want to spend less money for a more secure employee security system.

Regardless of industry or application, by the end of CES, one consistent message had crystallized: large organizations (those who have the most to lose) recognize that their security needs are not truly being met by the solutions currently on the market.

And their concern is justified. In the past 2 years alone, the statistics on major data hacks and security breaches of some of the world’s largest companies leaves little room for optimism about the effectiveness of authentication technology in its current state.

It currently feels like one big waiting game before the next major company is breached, and their data is compromised. While victimized companies attempt to downplay the severity of large-scale hacks to protect themselves, it’s no secret that these breaches bring incredibly costly ramifications for both businesses and their users.

In North America alone, it’s estimated that the average cost of EACH data breach will be over “$150 million by 2020, with the global annual cost forecast to be $2.1 trillion.”

“Authentication not just improved, but redefined”

KeySupreme aims to end the upward trend of hacks and security breaches through its “authentication as a service” paired with its uKey security products. Businesses and users will receive the uKey authentication products, and pay a monthly fee for the authentication service.

The story of authentication has historically been a reactionary tale; one in which the need for stronger security is only realized after a major data breach, where yet another company becomes a statistic, losing hundreds of millions in damages and exposed customers over night.

KeySupreme aims to encourage pro-activity by making their service easy to integrate, offering the necessary hardware for free, and providing a superior security technology that eliminates the flaws inherent with even the most advanced security systems currently on the market.

As a starting point for grasping what KeySupreme brings to the table, it’s important to understand that KeySupreme hasn’t simply created an improved version of 256-Bit Encryption. Rather, KeySupreme’s solution, coined as “Authentication 2.0”, approaches authentication using an entirely different framework, and in doing so, removes some of the most prevalent security vulnerabilities seen in today’s industry standards.

One such vulnerability that KeySupreme’s technology addresses, is passwords. KeySupreme’s uKey technology doesn’t rely on stored passwords to verify a user, and the company aims to eliminate the need for stored “secrets” from all authentication devices.

Any form of security that relies on storing secret information to authenticate one’s identity is vulnerable to being hacked.

Marc Raphael, CEO of KeySupreme

 

 

 

 

 

 

He goes on to say that this is the reason why “people [and companies] just don’t know how unprotected their information actually is”.

What’s next?

As the reality of the presently flawed state of authentication and its costly ramifications become undeniable, KeySupreme appears to have entered the conversation on security at a point in time when organizations are desperately seeking a more bulletproof solution.

With the CSA (Cloud Security Alliance) 2019 Conference a little over a month away, KeySupreme plans to present their technology in a room filled with those who may need it most.

Beyond corporations and consumer-level usage, the implications of KeySupreme’s technology for security-focused government organizations have grown in attention from what was once a murmur in the background, to something much louder and clearer.

For those interested in connecting with the KeySupreme team in-person at our upcoming conferences, or for other comments/inquiries, contact KeySupreme by e-mail at hello@keysupreme.com

References: https://en.wikipedia.org/wiki/List_of_data_breaches