- Website: https://www.averon.com/
- Company size (employees): 10 to 49
- Country: United States
- Headquarters Region: North America
In 3 bullets, summarize why this company is different from the competition and deserves recognition:
Averon is the first company to leverage the legacy cellular network to create an identity layer on the Internet, authenticating users leveraging the SIM/eSIM chip technology already contained in 7 billion mobile phones worldwide.
Averon is the developer of Direct Autonomous Authentication (DAA), the industry’s first automatic and secure mobile identity verification standard. The patented, award-winning, turnkey API solution of DAA has the potential to radically reshape identity and authentication while reducing fraud and data breaches across enterprise and consumer applications.
Mobile security improvements increasingly point to using the device itself for authentication, and not an easily transferrable phone number or a message that can be intercepted by mobile malware. Already approved by all US wireless carriers, there is no user barrier for mobile customers.
In less than 300 words, summarize the achievements of the company in the nominated category
Averon is the developer of Direct Autonomous Authentication (DAA), the industry’s first automatic and secure mobile identity verification standard. Averon’s DAA solution confirms user identity in real-time via carrier mobile data packets, leveraging the SIM/eSIM chip technology already contained in 7 billion mobile phones worldwide. DAA requires zero installations and no user involvement, and since it relies on no personally identifiable information, DAA allows the mobile device itself to serve as the source of trust.
Averon solves the problem of user identity and verification across the entire digital world from banking, blockchain and e-commerce, to fraud prevention with ticketing and bot commerce, and it can even be used to authenticate IoT devices including connected locks on homes and vehicles. As the only identity verification solution deeply integrated, approved and live on all U.S. wireless service providers, DAA provides revolutionary benefits for cybersecurity and data privacy at all levels – internally for companies and externally for clients, customers and end-users.
The patented, award-winning, turnkey API solution of DAA has the potential to reshape identity and authentication while reducing fraud and data breaches across enterprise and consumer applications. Just as the EMV chip reduces fraud in-store by 73%, Averon uses the mobile SIM card as an online chip verification method. Averon can identify where data packets originate via its DAA technology, leveraging the inherently ultra-secure mobile carrier networks.
While security is a major concern for mobile users, only 47% will wait more than 4 seconds for a page to load to authenticate their identity. It takes most 2FA an average of 20 seconds to authenticate. With Averon, this takes less than 0.02 seconds. DAA is a frictionless solution that replaces hackable legacy methods such as SMS, app downloads, email codes and passwords.