truuth Biopass

truuth Biopass is an authentication service that enables businesses and consumers to remove their dependency on insecure passwords. In addition to passwordless authentication, Biopass enables users to use any combination of their biometrics (face, voice, fingerprint) to replace passwords for any online account and they can also use Biopass to protect important documents and approve transactions.

How does it work?

A key feature of passwordless solutions is that authentication credentials are not fixed within the system. Instead, new authentication data is generated at the beginning of every session. From a security perspective, truuth Bipoass uses the strongest passwordless solutions consisting of multi-channel and out-of-band authentication mechanisms.

 

Biopass enables users to replace passwords with their encrypted biometrics (choice of face, voice, fingerprint) for maximum security and ease of use. User biometrics are fragmented, salted, encrypted, and sharded based on a mathematically unbreakable Secret Sharing scheme, resilient to the full range of known attacks.

 

Top Use Cases 

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Why trUUth Biopass?

Improved Security

 

Use of passwords is contributing significantly to the risk of data breach. Verizon research indicates that 81% of breaches are attributed to stolen credentials. A 2019 survey by Avast revealed 83% of Americans use passwords that do not include numbers, special characters, upper and lower case letters and 53% use the same password to protect multiple accounts. 

Enhanced User Experience

 

Individuals who don’t use the same password for all accounts are faced with the challenge of keeping track of them. Research by the Ponemon Institute shows that 53% of users rely on their memory to track passwords. Saving passwords in a browser (32%) or in spreadsheets (26%) are other common and unsafe approaches. 

 

Research by TeleSign indicates 73% of respondents consider forgetting passwords the most frustrating aspect of account security.  If we came up with another way of proving our identity when entering websites and software products, six out of 10 users would gladly embrace the change.

Reduction in Total Cost of Ownership 

Removing passwords reduces support costs such as responding to customers who have forgotten their password. By substantially mitigating the risk of password phishing, sharing and reuse, businesses can also reduce the costs of preventing and responding to data breaches.  IBM estimate the average cost of a data breach US$3.92m in 2020.

© truuth™ 2020. All rights reserved.

ACN: 630466741, locii Innovation Pty Ltd

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