Digital identity has become one of the most critical assets in today’s digital economy. As organisations across industries accelerate their digital transformation, securing access to systems, platforms and services has become a strategic priority.

For decades, passwords have been the dominant method for authenticating users. However, the rapid growth of phishing, credential theft and social engineering attacks has demonstrated that traditional authentication models no longer provide the level of protection required in modern digital environments.

The scale of the challenge continues to grow. According to ESET telemetry, 62% of cyberattacks recorded in 2025 originated from phishing campaigns, confirming that credential theft remains one of the most effective attack vectors used by cybercriminals.

Against this backdrop, B-FY and FOUR1 SAC have announced a strategic partnership aimed at promoting a new model of digital authentication based on decentralised biometrics and passwordless access.

The password problem in modern cyber security

Passwords remain one of the weakest links in cyber security. Attacks such as phishing, credential stuffing and account takeover continue to exploit password reuse and human error.

As a result, organisations are increasingly seeking authentication models that reduce reliance on passwords while strengthening digital identity protection.

A passwordless approach based on decentralised biometrics

The partnership between B-FY and FOUR1 introduces organisations to a passwordless-by-design authentication model that links the user’s real physical identity to each digital or in-person transaction.

The solution relies on decentralised biometrics, meaning biometric data never leaves the user’s device. This approach eliminates the risks associated with centralised credential databases, one of the main targets for cybercriminals.

B-FY’s three-layer authentication model protects against increasingly sophisticated attack vectors, including:

• phishing and credential theft
• account takeover
• AI-assisted social engineering
• video and voice deepfakes

A new authentication standard for organisations

FOUR1 SAC specialises in protecting critical technological infrastructures and managing digital risk. Through this partnership, the company will integrate B-FY’s authentication technology into its security solutions portfolio.

According to José Antonio Olivera, General Manager of FOUR1 SAC:

“We are building a more human, robust cybersecurity model aligned with the real challenges organisations face across Latin America.”

Together, the two companies are bringing to market an Authentication as a Service (AaaS) model that enables organisations to verify identities in seconds, eliminate passwords and strengthen trust in digital services.

 Want to learn more? Request a free demonstration here