“Citi Ventures is thrilled to see Transmit Security recognized by Fast Company this year for their innovative solution that is pioneering a world of passwordless authentication,” said Arvind Purushotham, Managing Director and Global Head of Citi Ventures. Thus, Gartner clients are increasingly seeking passwordless authentication methods.” They degrade user experience (UX) for both employees and customers, and create a significant volume of service desk or contact center calls. “With or without additional factors, passwords can be a significant source of friction and frustration for users and administrators. Compromised passwords account for more than 60% of breaches due to hacking,” reported Gartner® 1. Thus, they do little to bring account takeover (ATO) and other digital-identity risks within an organization’s risk tolerance. “Passwords remain ubiquitous in user authentication but are vulnerable to many attacks. Being acknowledged as a top-ten innovator in security underscores how imminent and necessary passwordless authentication has become.”Īs an industry leader in passwordless authentication, Transmit Security specializes in solving the complex problems associated with digital customer identities, like login friction and vulnerabilities to phishing, credential stuffing, and other forms of attack. “Our flagship product BindID makes cyberthreats that target passwords irrelevant, closing a very common vector of fraud and account takeovers while eliminating friction for consumers. “This recognition further affirms our mission to provide simple and secure passwordless authentication for everyone,” said Mickey Boodaei, CEO and Co-Founder of Transmit Security. These companies are creating the future today with some of the most inspiring accomplishments of the 21st century. This year’s list honors businesses that are making the biggest impact on their industries and culture as a whole-ultimately thriving in today’s ever-changing world. If you enjoy the podcast, I would also be grateful if you could take 2 minutes to rate and review the podcast on iTunes, or wherever you listen.TEL AVIV, Israel & BOSTON-( BUSINESS WIRE)- Transmit Security, the Identity Experience™ company, has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2022. Also, please subscribe to the TechSpective Podcast through your favorite podcast platform, and share the podcast with your peers and friends. Please ask questions and share your thoughts on the topic in the comments below. The podcast itself is audio only, but the video of our conversation is also available on YouTube if you prefer: It’s a great conversation about balancing security with usability and how streamlining the process is a win-win for businesses and their customers. Removing the hurdle of passwords makes it easier for customers to just conduct business.Ĭheck out the full episode for more insights from Mickey on authentication and the role of biometrics. We talk about the friction that passwords–and the seemingly constant need to update or reset passwords–creates for users and how that ultimately impacts business. My guest for this episode of the TechSpective Podcast is Mickey Boodaei, co-founder and CEO of Transmit Security. The mission to end passwords continues, though, and Transmit Security is trying to lead the way. I do recall that Bill Gates declared that the password was going to die like 20 years ago, and yet somehow I seem to have 70 or 80 of them at any given time. How many passwords do you have? Honestly, I am not really sure at this point. Subscribe: Apple Podcasts | Google Podcasts | Stitcher | RSS TechSpective Podcast Episode 072
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