Amidst Data Breaches and Hacks, This Company is Making a Name for Itself in the Field of Cybersecurity

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Cybersecurity breaches have become an increasingly regular, unfortunate part of reality. Most recently, T-Mobile US Inc. (NASDAQ: TMUS) came into the spotlight after a cybersecurity incident affected over 40 million current, former and prospective customers. Data leaks, breaches and ransomware attacks are also happening to smaller businesses on a frequent basis.

The need for greater cybersecurity and enhanced digital protection has never been greater, bringing companies like BIO-key International Inc. (NASDAQ: BKYI) to the forefront. BIO-key is a biometric authentication software company that offers cybersecurity solutions for enterprises and consumers. It incorporates multifactor authentication (MFA), single sign on (SSO), identity access management (IAM), biometric recognition, facial authentication and more.

BIO-key as an Emerging Leader in the Cybersecurity Space

BIO-key offers flexible identity and access management solutions for small businesses and larger enterprises alike. The company’s innovations are backed up by more than 25 years of research and expertise into the top cybersecurity tools. The system is trusted by over a million users, including many Fortune 500 companies that operate within the financial services, healthcare, education, manufacturing, communication, transportation and government sectors.

BIO-key’s system supports more than 16 authentication methods, including multifactor authentication, self-service password reset, single sign on, fingerprint scanners and even customized solutions. Most significantly, BIO-key offers state-of-the-art biometrics solutions designed to ensure top-notch security. Biometrics is the only factor that truly confirms a person’s identity and who is behind the transaction.

BIO-key also offers its own smart point of sales (POS) machine, BIO-key MobilePOS Pro, with built-in FBI-certified fingerprint tools for biometric identification and verification. The device also suits a wide variety of user scenarios, microfinance, subscriber identity module (SIM) registration and inventory management.

Recently, the company announced its improved next-generation EcoID II USB compact fingerprint scanner. This advancement will enhance BIO-key’s existing product capacity and allow it to take advantage of new markets because the breakthrough size of the latest EcoID II makes it ideal for space-constrained workspaces such as desks, working stations and home offices.

Last year, BIO-key acquired PortalGuard®, an identity-as-a-service (IDaaS) platform specializing in cloud-based cybersecurity solutions and integrated identity biometrics. This acquisition represents significant expansionary potential for BIO-key and is in line with its long-term growth strategy. The company is focused on enhancing the diverse range of its product offerings and ensuring each solution offers the most innovative features.

You can keep up to date with BIO-key’s most recent developments and insights into cybersecurity on the company’s blog. Investors can also view financial information, the latest news and quarterly reports here.