HYPR Authenticate Passwordless MFA of HYPR’s Identity Assurance Platform
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HYPR Authenticate Passwordless MFA of HYPR's Identity Assurance Platform
Additional Info
| Company | HYPR |
| Website | hypr.com |
| Company size (employees) | 100 to 499 |
| Headquarters Region | North America |
| Type of solution | Cloud/SaaS |
Overview
HYPR was established in 2014 as a pioneer in the passwordless authentication market and is now recognized as the gold-standard for phishing-resistant passwordless MFA using FIDO-standards and leading the way with passkeys adoption.
HYPR continues to deliver market-leading innovation being the first provider in the industry to deliver Enterprise Passkeys which combine a frictionless experience combined with rigorous enterprise authentication security. This new technology turns any smartphone into a FIDO2 virtual security key, providing phishing-resistant authentication flexibility, user convenience, and security while eliminating the complexity and cost of a hardware security key. The solution is FIDO-Certified and proven to work alongside existing technology such as SSOs, VPN, VDI, and suites.
The adoption of HYPR’s MFA technology can drastically reduce common issues associated with password-based systems. Businesses have noted a 95% decrease in password reset tickets and a reduction in account lockout incidents, which not only improves operational efficiency but also enhances overall cybersecurity posture. By eliminating passwords, HYPR helps organizations mitigate the risks of phishing attacks and other security threats, leading to a more secure and efficient operational environment. This approach not only protects sensitive data but also offers a streamlined, user-friendly experience that can significantly enhance both employee and customer satisfaction.
Key Capabilities / Features
HYPR’s true passwordless MFA eliminates passwords and shared secrets with a secure passkeys approach that works in your current ecosystem by extending the functionality of a FIDO passkey standard into a comprehensive authentication solution for your workforce and customers. With the rising threat of stolen credentials through AI-enhanced spear phishing and password spraying attacks seen in the news recently. HYPR Authenticate is a secure, passwordless MFA experience your end-users will adopt quickly.
With deployments in some of the most complex and demanding environments, including 2 of the 4 largest US banks, manufacturers, leading critical infrastructure companies and other technology-forward businesses, HYPR has a proven track record of success. HYPR enables quick adoption of passwordless MFA to your end-users, with one Fortune 50 Healthcare corporation seamlessly deploying passkeys to over 1,000,000 users in 6 weeks.
Moreover, in October 2023, HYPR expanded its authentication portfolio with the introduction of the first identity assurance solution designed to fill gaps in identity security. This solution ensures a completely passwordless user journey throughout the identity lifecycle, integrating identity verification with an adaptive risk engine to provide dynamic and continuous security.
HYPR stays at the cutting edge of the threat landscape, including challenges from generative AI and rapid digitization, by constantly evolving its platform to offer the strongest passkey-based authentication, ongoing risk monitoring, and enhanced identity proofing. Our comprehensive Identity Assurance solution enables organizations to preemptively address and mitigate identity-related risks at every stage of the lifecycle.
How we are different
- True Passwordless MFA: HYPR Authenticate completely eliminates the use of any type of shared secret in the authentication process. Instead, it uses cryptographic certificates with the private key securely stored with the user at all times. Many so-called passwordless providers still rely on password rotation, password replay, one-time passcodes (OTP), time-based OTPs, SMS codes, and other shared secret-based credentials that cannot provide truly passwordless multi-factor authentication.
- Proven Business Impact: HYPR Authenticate has been independently validated to return a 324% ROI, saving customers $8.1M in total benefits through business risk avoidance, reduction in helpdesk costs, and end-user productivity savings experienced in less than 6 months.
- Seamless and Secure User Experience: Our single-gesture passwordless MFA system has been proven to accelerate login times by 30%, simplifying the authentication process while upholding stringent security measures.
