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Under the slogan "B-FY stops cybercrime," and within the framework of the Identity Week event held in Amsterdam last June, B-FY celebrated the global launch of its decentralized biometric authentication solution.
With more than 4,000 attendees, the event brought together leading innovators and industry leaders in digital identity and cybersecurity.
It was on this prestigious stage that B-FY presented its revolutionary biometric solution, standing out among the participants for its innovative approach to combating online identity fraud.
B-FY's biometric solution is based on a decentralized protocol that eliminates the need for passwords, ensuring robust data protection and user privacy.
This advancement is the result of an investment of over 35 million euros in research and development, positioning B-FY as a leader in the fight against cybercrime.
The offline biometric authentication protocol developed by B-FY is the first to effectively stop online identity fraud.
This technology identifies individuals instead of data, eliminating passwords and drastically reducing the risks associated with identity theft.
Biometric patterns never leave the user's mobile device, eliminating the possibility of sensitive data being stolen.
This innovation allows companies to verify the true identity of people accessing their services, offering maximum security and privacy.
According to Klaas Zwart, founder and Chief Innovation Officer of B-FY, “the cyber access protocol uses passwords, usernames, PIN codes, and it doesn't matter if you encrypt or re-encrypt them, because it matches one identity to another and then opens the door to whoever presents those credentials.”
For Zwart, “cyber is anonymous, and any identity can be hacked using the credentials associated with a given person. B-FY identifies the person behind the data.”
With B-FY, it is enough to use the personal biometric data stored on our mobile device to access services where prior identification is required, quickly and without the risk of impersonation or password loss.