BIO-key PortalGuard Wins 2024 Business Intelligence Group’s BIG Innovation Award for its Authentication Software

HOLMDEL, N.J., Jan. 10, 2024 (GLOBE NEWSWIRE) -- BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer Identity and Access Management (IAM) featuring passwordless, phoneless and token-less FIDO and Passkey authentication solutions through its unique Identity Bound Biometrics (IBB) capabilities, announced that its Access Management platform, PortalGuard IDaaS was selected as the winner of a 2024 BIG Innovation Award presented by the Business Intelligence Group in the Software category.

BIO-key differentiates itself in the authentication market by more effectively addressing large scale enterprise and consumer passwordless and multi-factor (MFA) sign-in scenarios involving roving users and shared devices without imposing costly and cumbersome requirements that all users use and carry a phone, card or token in order to authenticate and access critical systems. For more than two decades, BIO-key has delivered more secure phoneless, tokenless and passwordless user experiences for some of the largest and most security-conscious entities in the world by offering secure, NIST-tested and fully privacy-law-compliant biometric authentication factors that identify the person, not what they are carrying. These unique what-you-are biometric factors allow every user to be their own credential, instead of mandating that they carry and use a personal phone, card or token to authenticate their identity along their digital journeys.

With cyber-insurers and regulatory bodies such as the SEC, FTC and FFIEC placing greater emphasis on deploying phish-resistant MFA and passwordless authentication, migrating all users off of vulnerable passwords and shared credentials is top of mind for organizations of all sizes and across all industries. BIO-key’s award-winning unified IAM platform, PortalGuard IDaaS, along with IBB, allows enterprises to offer flexible options for authentication, including all of the traditional phone and token-based FIDO approaches, but adding the higher ceiling of a biometric-secured tokenless, phoneless option for everyday sign in and for self-service account recovery using biometric-secured identities in IBB.