4 Ways to Safeguard Your Credit Union Members From Fraud
Credit unions, with their member-focused approach and community-oriented services, have become increasingly popular. However, they face unique challenges when it comes...
DECENTRALIZED BIOMETRICS STORAGE
Do you want to use biometrics but are hampered by data protection concerns?
Chances are you already collect biometric data as part of your account registration process, but discard it because of privacy concerns. With Anonybit’s patent-pending decentralized biometrics cloud, you can safely store and manage biometric data for any downstream use case. Your compliance team will love you for this data breach prevention measure.
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Why Anonybit for Decentralized Biometric Storage
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No central honeypots
Patent pending backend distributes anonymized derivatives of the original biometric sample across a multi-party cloud environment for built-in biometric security.
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Any biometric modality
Open platform supports different forms of biometrics such as third-party face, voice, iris and finger biometric algorithms.
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Store other PII
Flexible system design handles images, tokens, document scans and other personal data that needs to be associated with user biometrics.
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Enhanced compliance
Exceeds requirements under the GDPR, CPRA, PIPEDA and other privacy laws for maximum data breach prevention.
How it works
Give attackers nothing to find and nothing to steal
Ingest biometric from any capture source including IDV, live capture, document scan import and more.
The image is converted into sharded, anonymized bits (“anonybits”) for ultimate biometric security and data breach prevention.
The “anonybits” are distributed throughout the multi-party cloud environment for storage, where they are kept and never retrieved or reassembled, even for matching.
Discover more ways to use Anonybit
Deduplication and Blocklist Checks
Prevent synthetics and known fraudsters from re-enrolling under another name
Step Up Authentication
Ensure strong authentication when there is risky activity to ensure data breach prevention
Biometric OTP
Replace an easily phishable code with biometrics for passwordless authentication
ANONYBIT GENIE MODULES
Close the gaps that attackers exploit.
The Anonybit Genie is the first integrated identity management system built with privacy-by-design from the ground up. Connecting the user lifecycle from digital onboarding to authentication and beyond with persistent biometric security, Anonybit eliminates passwords, knowledge questions and other weak identifiers and ensures a seamless user experience at all service points – online, in person, in the chat, and on the phone – while maintaining the highest levels of user privacy and biometric security and data breach prevention.
Want to see how it works?
Digital Onboarding
Device Binding
Authentication
Account Recovery
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"One to many decentralized matching is an important capability to enhancing the privacy and security of identity systems."
RESOURCES
Stay current on the latest in identity, biometrics, fraud prevention and privacy compliance.
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Are you ready to eliminate the risk of data breaches and account takeover fraud?
Get rid of central honeypots of data. Embrace biometrics across the user lifecycle.