B-FY presents its universal solution to Online ID Fraud in Washington DC [Video]

A new access protocol that identifies people not data

• This innovative passwordless decentralized biometric protocol grants data protection and user privacy.
• The company has invested over €35 million in R&D to develop this groundbreaking authentication protocol.

WASHINGTON, Sept. 4, 2024 /PRNewswire/ — Following its successful global debut at Identity Week in Amsterdam last June, the Spanish technology company B-FY is set to introduce its groundbreaking Authentication-as-a-Service (AaaS) tool to the U.S. market. This launch will take place at the Identity Week event at the Walter E. Washington Convention Center in Washington, D.C., on September 11 and 12.

Cybercrime thrives on anonymity, with criminals exploiting systems that rely on IDs, passwords, PIN codes, and even biometric scans. These traditional methods verify credentials but fail to identify the individual behind them because they lack the mechanisms to identify the individual accessing the system, thus leaving transactions vulnerable to anonymous operators.

This anonymity is the root cause …