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...
AWARD-WINNING INNOVATION FOR DATA SECURITY
Eliminate central honeypots and the risk of a data breach.
Data breaches are accelerating and becoming more dangerous. Anonybit addresses this challenge by decentralizing data in ways that give attackers nothing to find and nothing to steal even if they manage to access your network. Our data loss prevention solution means you can safely store any PII, including images, PassKeys and tokens, strengthening your data governance posture and minimizing the risk of a ransomware attack.
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"The biometrics industry has literally exploded in the last 18 months but in order for this market to truly become mainstream, the issues of privacy and security must be addressed. Anonybit is well-positioned to tackle this final frontier."
How the decentralized data vault works
We take care of securing all the PII you need to properly manage an end to end identity framework in your enterprise; you take care of ensuring a system design that works to ensure data loss prevention.
STORAGE
Identify the data elements to be secured, for example images, PassKeys, backup passphrase, etc.
Obfuscate the data elements in the multi-party cloud environment.
Bind the data elements to the user’s previously created decentralized biometric profile.
RETRIEVAL
Capture user’s biometric and conduct liveness checks.
Match user’s biometric data stored in the decentralized biometric cloud.
Retrieve the original data elements for fraud investigation or account recovery purposes.
Key features
Protect all personal data
Instead of flushing images, document scans and other PII collected in the digital onboarding process, use the Decentralized Data Vault to securely store them for downstream applications like auditing, fraud investigations, customer servicing and future-proof your tech stack against data loss prevention.
Maximize your FIDO implementation
The Decentralized Data Vault can be used to secure PassKeys to eliminate one of the biggest gaps in the FIDO framework, account recovery. The Decentralized Data Vault is device-independent, and FIDO PassKeys are bound to the user’s profile stored in the Decentralized Biometric Cloud, preventing account takeover attacks, data loss prevention, and operational risks in restoring PassKeys to new devices.
No single point of failure
The storage and computation (matching) functions are distributed 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 event of insider threats.
Cloud agnostic
Anonybit’s decentralized data vault underpins the Genie can be deployed in any cloud environment across multiple parties.
Exceeds requirements under GDPR and other data protection laws
Implementing Anonybit’s system allows for a transparent, consent-based solution that minimizes data collection and data loss prevention, allows control of data localization, and provides strongly-protected storage and management of data necessary for your identity management processes.
Discover more ways to work with Anonybit
Decentralized Biometric Cloud
Distributed storage and biometric matching (1:1 and 1:N) infrastructure that supports third-party algorithms.
Anonybit Genie Platform
Unify the user journey from digital onboarding to authentication leveraging decentralized biometrics.
Integrations & Partnerships
Enable a privacy-by-design framework across the entire identity ecosystem to support many use cases.
RESOURCES
Stay current on the latest in identity, biometrics, fraud prevention and privacy compliance.
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BlogAnonybit & the GDPR
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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.