A World With No Data Breaches: Is It Even Possible?
On July 6, Marriott, the multinational hotel franchise, announced a second staggering data breach since just the beginning of this year....
Anonybit Genie
Digital Onboarding
Store identity data that is collected during digital onboarding to preventing account takeover fraud later.
Binding
Link additional attributes to a stored biometric profile to enable MFA downstream.
Passwordless Authentication
Leverage the "who you are" factor to ensure someone is who they claim to be at the time of a transaction.
Account Recovery
Mitigate fraud risks and secure the weakest link in the identity chain with biometrics.
How Anonybit Works
Secure Data Storage
Safely store and manage biometrics and other sensitive data to support many enterprise use cases.
Deduplication & Blocklist Checks
Search for duplicates, synthetics and blocked identities in account opening and prevent fraud downstream.
Passwordless Login
Close the gaps in your IAM solution and extend your FIDO implementation so your enterprise is truly passwordless.
Banks & Credit Unions
Strengthen bank security by closing the circle of identity with our decentralized biometrics powered platform.
Fintechs
Ensure a stellar fintech journey without compromising on security.
Retail & Hospitality
Unleash powerful customer experiences online, in-store and in between with privacy and security in mind.
Healthcare
Preserve the highest levels of patient data security with privacy-enhancing biometric authentication.
Gaming
Introduce a new era of gaming where privacy and security meet performance.
Gig Economy
Set your gigging site apart with an elevated experience that protects buyer and seller privacy.
Telecommunications
Prevent SIM swap fraud and enable quick account access with strong authentication built on a privacy-first foundation.
Enterprise
Reduce the risk of data breaches and ransomware attacks with a biometric authentication solution that covers you from the desktop to the help desk.
Government
Propel identity management processes and secure backend personal data repositories with our decentralized backend.
422M
victims of identity theft last year
90%
increase in account takeover fraud
70%
of financial services organization lost >$500K to fraud
41%
of financial institutions do not have internal fraud teams
Only
27%
of Credit Union executives invested in modern fraud management
84%
increase in check fraud last year
422M
victims of identity theft last year
90%
increase in account takeover fraud
70%
of financial services organization lost >$500K to fraud
41%
of financial institutions do not have internal fraud teams
27%
of Credit Union executives invested in modern fraud management
84%
increase in check fraud last year
No matter how much is being spent on bank security and fraud prevention, attackers still manage to get through. The root of the problem begins with how personal data is stored and managed. Personal data is stored in central honeypots and that data gets used for account access. From setting up an account with social security numbers, to retrieving funds and conducting transactions with usernames and passwords — the circle of identity is broken. Implementing privacy-preserving biometric fraud detection ensures that people are who they claim to be.
"The ability to leverage Anonybit’s Decentralized Biometrics Cloud for our deployments means that our clients can rest assured knowing that their customers’ sensitive data is not vulnerable to data breaches. With so many providers going to the market with antiquated approaches, Anonybit helps us cement our market leadership position in the region."
Doron Abrahamson General Manager of Ado Technologies, a Scanovate company
Blocklist Checks
Using the Anonybit decentralized biometric fraud detection backend, search existing records to ensure that someone is not already in the system under another name and maximize bank security.
Authentication
Invoke Anonybit to ensure someone is who they claim to be through biometric fraud detection at any point in the user journey - login, step up, wire verification, help desk and more.
Account Recovery
Instead of passwords, security questions, OTPs that can be easily circumvented or authenticator apps and tokens that are cumbersome, Anonybit provides biometric fraud detection for quick and easy account resets.
Ingest biometrics from any source
1:N lookups
Decentralized biometric storage
Binding
Authentication
Account Recovery
Anonybit easily works with existing Identity Verification providers to ingest images captured during the digital onboarding process. If there is no IDV in the workflow, Anonybit provides an intuitive selfie capture interface that checks for liveness, deepfakes and injection attacks for increased bank security.
Today’s fraudsters know how to get around today’s KYC and IDV protocols. The one thing they cannot hide is their face. The digital onboarding module runs a search against the existing biometric profiles to give you a clean, trusted biometric directory that you can rely on for all your identity management needs.
Biometrics are sharded and stored across a multi-party cloud environment such that no party has access or knowledge of the data held by another party at any time. Each component of the system is encrypted with its own cryptographic key, which is not accessible by any administrator, eliminating the even insider threats.
Connect credentials, tokens, FIDO PassKeys and more to a trusted biometric profile to create the foundation for strong, two factor biometrics downstream.
Leveraging state of the art NIST tested algorithms with built-in liveness detection, Anonybit significantly improves bank security with reliable, strong authentication regardless of device or channel – digital, physical, chat, call center.
Anonybit neutralizes this attack vector, while reducing authentication time by 70%, lowering fraud and improving the user experience, with the savings going straight to your bottom line.
INTEGRATIONS
Because of privacy and data concerns, the one data point that can ensure a person is who they claim to be, that is, a biometric, is often not utilized. In addition, identity management processes are completely disjointed, and this is what hackers exploit. With our numerous integrations and industry partners, Anonybit fits easily into your existing tech stack, bringing privacy, security and end to end user convenience.
Looking for a different integration?
Talk to our solutions team today.
Leverages biometrics to eliminate the gaps exploited by fraudsters. Works across devices. Not susceptible to device takeover, unlike traditional solutions that fall back to PINs, and KBA.
Same user experience across all service channels with no one-time passwords, emails or SMS that disrupt the user experience.
Enhances compliance posture with GDPR, CPRA, etc. and reduces concerns around storing and managing biometrics and other sensitive data.
From consumer use cases in the branch, online or in the help desk, to workforce use cases for remote and privileged employees, Anonybit serves as your biometric system of record, enabling strong authentication from anywhere and at any time.
RESOURCES
On July 6, Marriott, the multinational hotel franchise, announced a second staggering data breach since just the beginning of this year....
Credit unions, with their member-focused approach and community-oriented services, have become increasingly popular. However, they face unique challenges when it comes...
In recent years, banks and financial institutions have been shifting towards passwordless authentication as a means to enhance security and meet...
Get rid of central honeypots of data. Embrace biometrics across the user lifecycle.