LONDON–(BUSINESS WIRE)–swIDch introduced that it has been named the winner of the “Authentication Answer of the Yr” award within the 4th annual CyberSecurity Breakthrough Awards performed by CyberSecurity Breakthrough, a number one unbiased market intelligence group that acknowledges the world’s finest data safety expertise corporations and merchandise.
swIDch, a cybersecurity authentication expertise startup, has as soon as once more been acknowledged for its BREAKTHROUGH applied sciences, in addition to its industrial competitiveness and enterprise innovation.
swIDch, a trophy collector in international main accelerator applications and safety awards, is dedicated to bringing safe authentication to each digital id – even within the off-the-network setting. The Firm’s revolutionary expertise, OTAC (One Time Authentication Code) identifies and authenticates customers securely and effectively, with out the necessity for two-way connectivity and new infrastructure.
OTAC is a dynamic token generated from a person’s cellular gadget that doesn’t duplicate and authenticate the person/units with the code alone even in an off-network setting. OTAC compensates for any weaknesses posed by static person credentials and heavy community reliance. OTAC’s dynamic code can acknowledge who generated the codes and what gadget they used – eliminating the necessity for complicated tokenisation infrastructure which reduces server load, in addition to the prices related to community site visitors, upkeep and fraud compensation.
For enterprises, OTAC gives final flexibility on integration and enterprise improvement. The consumer merely integrates their service with OTAC by utilizing API/SDK. Moreover, the dimensions of the algorithm is underneath 4KB which provides rooms for facilitating the expertise even for M2M authentication.
James Johnson, managing director, CyberSecurity Breakthrough stated: “swIDch’s expertise has nice market potential and enterprise salability with OTAC skilled optimistic momentum in proving its business viability. We congratulate swIDch on profitable the Authentication Answer of the Yr award and we look ahead to witnessing swIDch’s continued progress and innovation throughout the CyberSecurity house.”
Chang-Hun Yoo, Founder and CEO, swIDch stated: “We’re honoured and thrilled to win the Authentication Answer of the Yr with our progressive OTAC platform on the 2020 CyberSecurity Breakthrough Awards aiming to spotlight the breakthrough merchandise, options and firms throughout the crowded data safety market. swIDch will proceed to evolve our breakthrough approaches and applied sciences to construct safer and stronger authentication infrastructures over varied industries together with monetary service, related automotive, sensible manufacturing unit, and utilities.”