11 Aug

13 Min read

CompoSecure and Nok Nok Partner to deliver advanced security and authentication

August 11, 2021 Nok Nok News 0 comments

CompoSecure and Nok Nok partner to deliver advanced security and authentication across platforms with a best-in-class user experience. Category leaders create an innovative solution to protect consumers and enable merchants to fight online fraud with a breakthrough “internet ID and payment card”

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Somerset, NJ – August 11, 2021 – CompoSecure Holdings, L.L.C. (“CompoSecure”), a leading provider of premium financial payment cards and emergent provider of cryptocurrency storage and security solutions, and Nok Nok Labs, Inc. (Nok Nok™), a pioneer and leader in passwordless authentication, announced a strategic collaboration to develop a FIDO ^®-extended solution, expanding the protections for consumers of CompoSecure’s Arculus^TM platform. The innovative, combined technology platform is expected to enable banks, fintechs, and financial services companies to put in the hands of every user a simple-to-use, personalized, and universal “digital identity”.

Currently, in beta testing, Arculus was created with the vision to promote cryptocurrency adoption by making it safe, simple, and secure for the average person to buy, sell and swap cryptocurrency. The Nok Nok solution leverages global industry standards that promote strong and easy-to-use authentication. Members of this industry alliance that support these authentication standards include Amazon.com, Apple, American Express, BBVA, Facebook, Google, Intel, Intuit, MasterCard, PayPal, Verizon, T-Mobile, Visa, and many more.

Nok Nok will collaborate with CompoSecure to increase the security, privacy, and cardholder experience associated with both companies’ current financial market and cryptocurrency customers. These additional platform capabilities will set the stage for CompoSecure to offer a breakthrough “Internet ID and payment card” that can be used as a virtual ignition key for the authentication of a user into any digital service on any device. A practical use case for a consumer is turning the payment or credit card in your wallet into a digitally transformed eCard and eWallet for digital transactions. The benefits are better usability and security for the consumer, and better fraud protection and cost control for the merchant.

“More and more people are transacting online because they are convenience-focused and their adoption of digital banking highlights their comfort with digital tools,” said Adam Lowe, Chief Innovation Officer of CompoSecure. “This new technology platform will ensure that you, and only you, are authorized to make a transaction with CompoSecure’s metal cards, with a simple and secure action, such as swiping a finger, entering a PIN, and tapping your card to your phone for an NFC-encrypted transaction.”

“We see this collaboration with CompoSecure as a game-changer for Nok Nok, bringing our vision of greater security and a better user experience to every consumer around the world,” said Phillip Dunkelberger, CEO of Nok Nok. “While securing payments will be a key focus, we will work with CompoSecure in other key areas such as eGaming, cryptocurrency exchanges, e-passports, and more. From daily use as a credit card to connecting securely to a variety of e-commerce transactions, consumers will have a trusted method for online and offline activities.”

Other common use cases include:

Payments – Strong authentication provides added security to touchless payments and online “card-not-present” transactions. This reduces chargebacks and fraudulent use for merchants, and provides better security and ease of use for consumers. Added capabilities include making it significantly easier to onboard new customers and providing a better method to use websites for current customers.
Online Banking – More and more consumers are transacting digitally and need both convenience and protection. The “internet ID and payment card” serves as a strong credential for secure transactions that can be embedded into other identity verification systems.
Cryptocurrency – The Nok Nok solution will integrate with CompoSecure’s Arculus Key^TM card, an air-gapped storage solution that connects to the Arculus Wallet^TM mobile app via an encrypted NFC connection. This provides intuitive controls, advanced security protection and the ability to manage multiple cryptocurrency wallets in one device.
eGaming – This solution enables eGaming companies to enhance security and usability to their payment ecosystems and add cryptocurrencies as a payment alternative.
Online Gambling – Internet gambling providers will have the ability to add multi-factor authentication for streamlined security without compromising ease of use for higher value bets and transactions while greatly reducing fraud.
Identity – The ability to provide identity is central to the next generation of capabilities on the internet. This card can be used to provide personalized and customizable “verifiable claims” where user identity is critical to validate entitlements.

“The ability to have a single card to transact as a credit card and a universal authenticator, all contained in a well-designed secure metal container, takes universal ID to the next level,” said Ignacio Bernal, former Global CTO at BBVA, a multinational financial services company. “The ability to link these dynamically provides a global identity, which fuels a whole new set of applications and capabilities in the market. CompoSecure and Nok Nok Labs have the right solution at the right time to transform how we conduct our business securely over the internet. It’s clear that the time has come for consumers to have access to a master digital identity that not only rids their lives of passwords but also opens their world to an easier approach to digital transactions.”

For more information on this new security technology platform, please visit www.composecure.com.

On April 19, 2021, CompoSecure announced that it had signed a merger agreement with Roman DBDR Tech Acquisition Corp. (NASDAQ: DBDR) (“Roman DBDR”), a special purpose acquisition company. Upon closing of the proposed merger, the combined company will operate as CompoSecure, Inc. and plans to trade on the Nasdaq stock market. The transaction reflects a pro forma enterprise value for the combined company of approximately $1.2 billion. The transaction is expected to close in the third quarter of 2021 and remains subject to approval by Roman DBDR stockholders and other customary closing conditions.

About Nok Nok Labs, Inc.:
Nok Nok is a trusted leader in passwordless consumer authentication to the world’s largest organizations. Delivering the most innovative authentication solutions in the market today, Nok Nok empowers global organizations to improve the user experience to access digital services while meeting the most advanced privacy and regulatory requirements. The Nok Nok™ S3 Authentication Suite integrates into existing security environments to deliver a proven, cost-effective, future-proof, and standards-based passwordless consumer authentication solution. Headquartered in Silicon Valley, California, the company has delivered unique inventions and innovations that are protected by a robust global patent portfolio. As a founder of the FIDO Alliance and an inventor of FIDO specifications, Nok Nok is the expert in deploying standards-based authentication, and its industry-leading customers and partners include BBVA, DDS, Inc., Ericsson, Fujitsu Limited, Hitachi, Intuit, Lenovo, MTRIX GmbH, NTT DATA, NTT DOCOMO, OneSpan, SoftBank, T-Mobile, and Verizon. For more information, visit www.staging.noknok.com.

About CompoSecure
Founded in 2000, CompoSecure is a pioneer and category leader in premium payment cards and an emergent provider of cryptocurrency and digital asset storage and security solutions. The company focuses on serving the affluent customers of payment card issuers worldwide using proprietary production methods that meet the highest standards of quality and security. The company offers secure, innovative, and durable proprietary products that implement leading-edge engineering capabilities and security. CompoSecure’s mission is to increase clients’ brand equity in the marketplace by offering products and solutions which differentiate the brands they represent, thus elevating the cardholder experience. For more information, please visit www.composecure.com. ArculusTM was created with the mission to promote cryptocurrency adoption by making it safe, simple, and secure for the average person to buy, sell and store cryptocurrency. With a strong background in security hardware and financial payments, the Arculus^TM solution was developed to allow people to use a familiar payment card form factor to manage their cryptocurrency. For more information, please visit GetArculus.com.

About Roman DBDR Tech Acquisition Corp.

Roman DBDR is a special purpose acquisition company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. While the Company may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, it intends to focus its search on companies in the technology, media, and telecom (“TMT”) industries. The Company is led by its Co-Chief Executive Officers, Dr. Donald G. Basile and Dixon Doll, Jr. The Company’s experienced board of directors includes former NVCA Chairman and longtime venture capitalist Dixon Doll, Global Net Lease (NYSE: GNL) CEO James L. Nelson, former fund manager Paul Misir, investment banker and investor Arun Abraham, and entrepreneur Alan Clingman. For more information, please visit www.romandbdr.com. Roman DBDR raised $236 million in its initial public offering (inclusive of underwriter’s exercise of over-allotment option) in November 2020 and is listed on Nasdaq under the symbol “DBDR”.

Forward-Looking Statements

Certain statements included in this Press Release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to statements regarding Roman DBDR’s or CompoSecure’s expectations, hopes, beliefs, intentions, or strategies regarding the future, including, without limitation, statements regarding: (i) the ability of Roman DBDR and CompoSecure to complete the proposed merger described in the Press Release, (ii) the size, demand and growth potential of the markets for CompoSecure’s products and CompoSecure’s ability to serve those markets, (iii) the degree of market acceptance and adoption of CompoSecure’s products, (iv) CompoSecure’s ability to develop innovative products and compete with other companies engaged in the financial services and technology industry and the timing of the ArculusTM launch and (v) CompoSecure’s ability to attract and retain clients. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this Press Release, and on the current expectations of CompoSecure’s and Roman DBDR’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, a prediction, or a definitive statement of fact or probability. Neither Roman DBDR nor CompoSecure gives any assurance that either Roman DBDR or CompoSecure will achieve its expectations. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of CompoSecure and Roman DBDR. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Roman DBDR’s and CompoSecure’s control), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These factors include, among others: the inability to complete the proposed merger; the inability to recognize the anticipated benefits of the proposed merger, including due to the failure to receive required security holder approvals, or the failure of other closing conditions; and costs related to the proposed merger. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of the preliminary proxy statement on Schedule 14A (the “Proxy Statement”) relating to the proposed merger filed by Roman DBDR with the U.S. Securities and Exchange Commission (the “SEC”) and the definitive proxy statement and other documents filed by Roman DBDR from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that none of Roman DBDR or CompoSecure presently know or that Roman DBDR or CompoSecure currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Roman DBDR’s and CompoSecure’s expectations, plans or forecasts of future events and views as of the date of this Press Release. Roman DBDR and CompoSecure anticipate that subsequent events and developments will cause Roman DBDR’s and CompoSecure’s assessments to change. However, while Roman DBDR and CompoSecure may elect to update these forward-looking statements at some point in the future, Roman DBDR and CompoSecure specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Roman DBDR’s and CompoSecure’s assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Certain market data information in this Press Release is based on the estimates of CompoSecure and Roman DBDR management.

Additional Information about the Proposed Merger and Where to Find It

In connection with the proposed merger, Roman DBDR has filed a preliminary proxy statement with the SEC. A definitive proxy statement will be sent to stockholders of Roman DBDR seeking approval of the proposed merger. The documents relating to the proposed merger (when they are available) can be obtained free of charge from the SEC’s website at www.sec.gov. These documents (when they are available) can also be obtained free of charge by contacting CompoSecure at: William Maina, ICR for CompoSecure, (646) 277-1236, [email protected].

Participants in the Solicitation

This communication is not a solicitation of a proxy from any security holder of Roman DBDR. CompoSecure, Roman DBDR and our respective directors, executive officers, other members of management, and employees may be deemed to be participants in the solicitation of proxies from Roman DBDR’s stockholders in connection with the proposed merger. Information regarding the names and interests in the proposed merger of Roman DBDR’s directors and officers is contained Roman DBDR’s filings with the SEC. Additional information regarding the interests of potential participants in the solicitation process has also been included in the preliminary, and will be included in the definitive, proxy statement relating to the proposed merger and other relevant documents filed with the SEC. These documents can be obtained free of charge from the sources indicated above.

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15 Jul

5 Min read

Nok Nok Labs Delivers the “Power of 5” with 1H2021 Major Momentum & Milestones

July 15, 2021 Nok Nok News 0 comments

Nok Nok Labs Delivers the “Power of 5” with 1H2021 Major Momentum & Milestones

Early visionary and co-inventor of the globally adopted FIDO standards accelerates sales, product innovation, and customer expansion

SAN JOSE, CA, July 14, 2021 – Nok Nok Labs (Nok Nok™), the trusted leader in passwordless authentication, today announced major market momentum with a number of landmark achievements:

More than 500 Million Key Pairs Deployed: Since the deployment of the first FIDO certified products in 2014, Nok Nok solutions support hundreds of millions of end-users at internet scale – the largest user base in the industry.
Expanded Global Footprint & Industry Reach: Achieving a presence on 5 continents with FIDO passwordless authentication solutions.
5 Industry Leading SDKs: (1) App SDK for Apple iOS, (2) App SDK for Android, (3) App SDK for the Web, (4) SmartWatch SDK, and (5) IoT SDK
Support for 5 Strategic Business Applications/Solutions: Enabling passwordless authentication solutions that supports (1) customer mobile app authentication, (2) web app authentication, (3) delegated authentication, and strong customer authentication for (4) PSD2 and (5) GDPR privacy protection.
Continued Product Innovation: More than 50 issued/granted US and global patents that address unique passwordless authentication use cases, including hosted services, key sharing, and IoT.
Deployments that Include 5 of the Top 10 Global Banks: Nok Nok products deliver passwordless authentication for the next generation of mobile banking and Fintech services, including BBVA, MUFG, and Standard Bank.
Deployments at 5 of the Top Global MNO (Mobile Network Operators): Customer benefits include stronger security with a better user experience while enabling expansion to new markets and new revenue streams, including Verizon, T-Mobile, and NTT Docomo.

When Nok Nok co-invented and deployed products that included the first FIDO authentication standards in 2014, the journey began with a vision to deliver ease of use, with stronger security and increased privacy. Since then, Nok Nok has played a leadership role in innovating and widely deploying the solutions that have helped create momentum for the adoption of FIDO standards today. Because compromised username and password credentials continue to be the source of more than 80% of breaches and with the increasing concerns about privacy, as evidenced by the unprecedented trends of users opting out of behavior-tracking applications, never before has the need for identity, privacy and strong authentication been more critical.

“As an inventor of FIDO standards, we helped start this journey because we felt that the internet could not be fully secure without first fixing the password problem,” said Phillip Dunkelberger, CEO of Nok Nok Labs, Inc. “FIDO standards have now been embraced by the world’s largest browsers, operating systems, banks, fintech’s, MNOs and software application providers who need to adopt, deploy, and manage a more secure authentication solution that is focused on stronger security and privacy. Our FIDO-certified solutions lead the industry and are deployed at internet scale – with support for the broadest set of use cases.”

Nok Nok customers report tangible business benefits from these deployments including greater security and increased regulatory compliance, in addition to higher levels of customer satisfaction and engagement. This has been demonstrated through measurable results to organizational effectiveness that include:

Improved onboarding success rate, with most reporting a 60%+ reduction in the average time to create a new account
90% reduction in users initiating account recovery
99% authentication success rates
Password reset requests going from high double digits to under 10%
Elimination of the need for KYC (Know Your Customer) questioning prior to engaging with the customer
Reductions in ATO (Account TakeOver), Phishing Attacks, MITM (Man in the Middle) Attacks, and abandoned online shopping carts
Greatly reduced help desk and call center operational costs and customer friction

Passwordless authentication has seen a significant surge in strategic importance due to the recent pandemic which accelerated and expanded the need for digitally connected remote workforces––including an increase in online consumer transactions. The Nok Nok™ S3 Authentication Suite (Nok Nok S3 Suite) incorporates and goes beyond global industry standards like FIDO. The Nok Nok S3 Suite is the most widely and globally deployed FIDO-certified solution that has powered billions of consumer authentication events for global banks like BBVA and Standard Bank, and for Telco’s like T-Mobile and NTT DOCOMO, and for other leading customers and partners in various industries.

“Nok Nok Labs helped pave the way for the right players to come to the table (Apple, Google, Microsoft, and others) and has developed solutions that accelerate the adoption of standards-based authentication,” said Jonathan Nguyen-Duy, Vice President, Global Field CISO Team at Fortinet and Advisor to Nok Nok Labs. “I am honored to have recently joined their Business Advisory Board. Nok Nok’s leadership in co-inventing FIDO standards and having the most widely deployed FIDO-based platform has provided a launchpad for the adoption of passwordless authentication solutions.”

About Nok Nok Labs

Nok Nok is the trusted leader in passwordless consumer authentication to the world’s largest organizations. Delivering the most innovative authentication solutions in the market today, Nok Nok empowers global organizations to improve the user experience to access digital services while meeting the most advanced privacy and regulatory requirements. The Nok Nok™ S3 Authentication Suite integrates into existing security environments to deliver a proven, cost-effective, future-proof, and standards-based passwordless consumer authentication solution. Headquartered in Silicon Valley, California, the company has delivered unique inventions and innovations that are protected by a robust global patent portfolio. As a founder of the FIDO Alliance and an inventor of FIDO specifications, Nok Nok is the expert in deploying standards-based authentication, and its industry-leading customers and partners include BBVA, DDS, Inc., Ericsson, Fujitsu Limited, Hitachi, Intuit, Lenovo, MTRIX GmbH, NTT DATA, NTT DOCOMO, OneSpan, SoftBank, T-Mobile, and Verizon. For more information, visit www.staging.noknok.com.

28 Jul

4 Min read

Nok Nok and ForgeRock Extend Relationship

July 28, 2020 Nok Nok News 0 comments

Nok Nok’s expanded, tight integration with ForgeRock provides customers with powerful FIDO-based capabilities across all channels, mobile, web, and smart devices

Nok Nok and ForgeRock have extended their relationship to provide passwordless authentication to access management platform. Nok Nok’s expanded, tight integration with ForgeRock provides customers with powerful FIDO-based capabilities across all channels, mobile, web, and smart devices. Nok Nok announced the expanded integration of the Nok Nok™ S3 Authentication Suite with the ForgeRock™ Identity Platform. The combination of Nok Nok and ForgeRock brings leading, scalable FIDO-based passwordless authentication to the ForgeRock™ Identity Platform. Customers can now access and authenticate seamlessly without sacrificing security.

Causes of breaches are primarily attributed to weak access or authentication practices. A review of some of the biggest data breaches in the 21st century shows how weak access can expose the records of millions of consumers. Similarly, global regulations such as GDPR and PSD2 are driving the demand for frictionless, secure and easy-to-use authentication solutions. Having secure authentication solutions will help organizations not only comply with regulations but also deliver their services in new and innovative ways. As more end-users rely on their mobile devices and the cloud to access vital home, work and banking applications, username-password authentication methodologies become cumbersome because they are not secure, scalable or convenient.

Nok Nok has been a member of the ForgeRock Trust Network since 2018. Since then, Nok Nok has expanded its technology footprint within the ForgeRock Identity Platform to offer a simplified integration to both companies’ mutual customers to achieve passwordless authentication. With the combination of ForgeRock access management solutions and Nok Nok passwordless authentication, organizations don’t have to sacrifice security while providing ease-of-use solutions to consumers. The Nok Nok S3 Suite offers customers the most mature, proven, scalable passwordless authentication solution, that works across all platforms, and is the most widely deployed FIDO-based solution.

“Lost, weak, often forgotten passwords can lead to cart abandonment, lost revenue and eventually lost customers,” commented Ben Goodman, Vice President, Global Strategy and Innovation at ForgeRock. “Integration with standards-based technology like Nok Nok allows our customers to authenticate their new users quickly and securely, which minimizes abandonment and provides a seamless experience from the very beginning.”

“Integration with ForgeRock provides a logical extension for organizations looking to leverage standards-based authentication in their access management solutions,” said Dr. Rolf Lindemann, Vice President, Products, Nok Nok Labs. “Organizations looking to increase security due to regulatory or other market drivers now have a strong combination with Nok Nok’s standards-based authentication and the ForgeRock Access Management solution.”

Link to Nok Nok listing on ForgeRock’s Partner page

About ForgeRock
ForgeRock^®, the leader in digital identity, delivers modern and comprehensive Identity and Access Management solutions for consumers, employees and things to simply and safely access the connected world. Using ForgeRock, more than a thousand global customer organizations orchestrate, manage, and secure the complete lifecycle of identities from dynamic access controls, governance, APIs, and storing authoritative data – consumable in any cloud or hybrid environment. The company is privately held, and headquartered in San Francisco, California, with offices around the world. For more information and free downloads, visit www.forgerock.com or follow ForgeRock on social media: Facebook ForgeRock |Twitter @ForgeRock | LinkedIn ForgeRock |

About Nok Nok Labs (Nok Nok)
Nok Nok is the trusted leader in passwordless consumer authentication to the world’s largest organizations. Delivering the most innovative authentication solutions in the market today, Nok Nok empowers global organizations to improve the user experience to access digital services, while meeting the most advanced privacy and regulatory requirements. The Nok Nok™ S3 Authentication Suite integrates into existing security environments to deliver a proven, cost-effective, future-proof and standards-based passwordless consumer authentication solution. Headquartered in Silicon Valley, California, the company has delivered unique inventions and innovations that are protected by a robust global patent portfolio. As a founder of the FIDO Alliance and an inventor of FIDO specifications, Nok Nok is the expert in deploying standards-based authentication, and its industry leading customers and partners include BBVA, DDS, Inc., Ericsson, Fujitsu Limited, Hitachi, Intuit, Lenovo, MTRIX GmbH, NTT DATA, NTT DOCOMO, OneSpan, SoftBank, and T-Mobile. For more information, visit www.staging.noknok.com.

Read Official Press Release

12 Feb

5 Min read

Nok Nok Welcomes Apple to FIDO

February 12, 2020 Nok Nok News 0 comments

Nok Nok welcomes Apple to the FIDO Alliance and reports record growth.

Nok Nok, the leader in passwordless authentication, today announced a record year following broad industry acceptance of FIDO standards – and evidenced by the news that Apple, Inc. is now a member of the FIDO Alliance and has taken a leadership role as a board member. The FIDO Alliance, co-founded by Nok Nok and publicly launched in 2013, addresses industry needs for strong authentication without sacrificing ease of use, while reducing friction and vulnerabilities that often result from the use of passwords for authentication.

As broad industry acceptance of the FIDO standards continued in 2019, Nok Nok’s new customer deployments increased, existing customer renewals expanded, and Nok Nok released innovative technology with support for additional use cases. Also contributing to Nok Nok’s success were new global strategic partnerships, recognition and a prized GLOMO award from the GSMA, as well as increased market demand driven by global regulations that mandate strong authentication for online services.

“Nok Nok Labs and FIDO have both reached significant milestones today. When we first invented FIDO-enabled technology, it was clear that privacy and security would need to be hand-in-hand and at the heart of any authentication solution. To have Apple join the FIDO journey is a testament to our original vision of enabling strong authentication across all platforms,” said Phillip Dunkelberger CEO Nok Nok Labs. “It’s incredibly rewarding to have the world’s largest and most successful browser manufacturers, banks, telcos, eCommerce and healthcare providers join the movement we started in 2013 to solve global user authentication challenges.”

Nok Nok Solutions for the Apple Ecosystem

Since 2014, Nok Nok has supported Apple native applications on iOS devices – iPad and iPhone, and in November 2019 Nok Nok introduced the Nok Nok App SDK for Smart Watch. Now with Apple a part of the FIDO Alliance, it signals the opportunity for users of any Apple device to employ strong authentication. The Nok Nok™ S3 Authentication Suite supports strong and convenient user authentication on Apple devices – through native Mobile Apps and through the recently added FIDO support in Safari. Apple’s membership in the FIDO Alliance fuels the speculation of now being able to use FaceID/TouchID for FIDO authentication through the Safari Browser.

“Apple joining this alliance is an important signal,” said Richard Clarke, former Special Advisor to the President on Cybersecurity, and Advisory Board member to Nok Nok Labs. “Password-related breaches are far more prevalent than they should be given the alternatives we have available. Apple and other Alliance members are transforming digital identity by committing to secure, standards-based authentication. It’s a step in the responsible direction for corporations and the customers whose data they are responsible for protecting.”

“The FIDO Alliance gained a valuable member today,” said John N. Stewart, Security Expert and former Advisory Board Member to Nok Nok Labs. “By joining industry counterparts like Google and Microsoft, Apple has become the final puzzle piece with FIDO now adopted by all major browser manufacturers.”

Accelerating Market and Nok Nok Momentum

Apple is the most recent industry player to join the wave of FIDO adoption over the past year. The convergence of industry support, global regulations and market demand for Nok Nok’s passwordless authentication solutions has driven global deployments and adoption. Leading financial institutions, such as BBVA have deployed Nok Nok’s solutions to provide passwordless authentication while enabling them to comply with GDPR and PSD2 requirements. Nok Nok customers Intuit and T-Mobile shared the results of their deployments at Identiverse including the unique benefit that Nok Nok’s technology increased Intuit’s login success rate by 6% and decreased T-Mobile’s “Forgot Password” user requests from 65% to 7%. And, Nok Nok’s strategic partners saw successful new deployments such as Fujitsu – whose client Aflac Japan deployed passwordless authentication and Hitachi with their client MUFG Bank.

2019 was a momentum filled year for Nok Nok and the FIDO Alliance. And now recognizing Apple joining the FIDO Alliance in early 2020 signals even more industry adoption to follow.

About Nok Nok
Nok Nok is the trusted leader in passwordless consumer authentication. Delivering the most innovative authentication solutions in the market today, Nok Nok empowers global organizations to improve the user experience to access digital services, while meeting the most advanced privacy and regulatory requirements. The Nok Nok™ S3 Authentication Suite integrates into existing security environments to deliver a cost-effective, future-proof and standards-based authentication solution. Headquartered in Silicon Valley, California, the company has delivered unique inventions and innovations that are protected by a robust global patent portfolio. As a founder of the FIDO Alliance and inventor of FIDO specifications, Nok Nok is the expert in deploying standards-based authentication, and its industry leading customers and partners include BBVA, DDS, Inc., Ericsson, Fujitsu Limited, Hitachi, Intuit, Lenovo, MTRIX GmbH, NTT DATA, NTT DOCOMO, OneSpan, SoftBank, Standard Bank, and T-Mobile.

View the Official Press Release

14 Jan

4 Min read

Nok Nok Partners with BBVA

January 14, 2020 Nok Nok News 0 comments

Nok Nok partners with BBVA to Boost the Use of Authentication on Mobile Banking Services.

Nok Nok, one of the driving forces behind the new FIDO (Fast Identity Online) standard aimed at strengthening the security of biometric systems on mobile devices, today has partnered with banking leader, BBVA. The agreement is part of BBVA’s strategy to improve the security and user experience of its mobile banking services through state-of-the-art biometric capabilities.

Through this agreement, Nok Nok — a leading developer of authentication solutions—will provide BBVA with a series of technological capabilities. This will allow the bank to continue offering secure and scalable authentication solutions that put user privacy at the center of its mobile banking services, which are already being used by more than half of its customers worldwide.

In addition, the agreement with Nok Nok will allow BBVA to implement the new FIDO (Fast Identity Online) standard in its mobile banking services, which reinforces the security of biometric authentication systems in web and mobile applications. This standard, promoted by the FIDO Alliance, allows alternative identification systems, such as fingerprint or facial recognition, to be used instead of passwords in a comfortable and secure manner. In 2013 Nok Nok was one of the founding companies of the FIDO Alliance and, along with other industry members, it has contributed to developing the key technical specifications and features of this new standard, which is already being used by other leading digital companies.

Nok Nok provides BBVA with an interoperable solution that has the support necessary to adapt to industry standards and global regulations, such as for the European Market, Payment Services Directive 2 (PSD2) which defines minimum requirements for strong customer authentication. Thanks to the partnership with Nok Nok, BBVA will be able to continue offering its customers innovative and agile mobile banking solutions that offer a perfect balance between user experience and security.

“Traditionally, one of the biggest challenges of authentication systems has been to balance security with user experience. Due to the FIDO standard, we are confident that both elements work together seamlessly to provide customers with the highest security standards, along with a transparent and agile user experience. In this way, we can improve the ability of our clients to interact with us in a more natural way,” says Juan Francisco Losa, BBVA’s Global Technology & Information Security Officer.

“Having a simple and robust authentication process on mobile devices is integral for protecting customer privacy,” says Phillip Dunkelberger, CEO of Nok Nok Labs. “We are very proud to partner with BBVA and this is a fantastic collaboration for Nok Nok because it will allow us to introduce the latest innovations in authentication for customers, through a simple, transparent and secure experience. This agreement will allow us to continue expanding our international presence.”

About Nok Nok
Nok Nok is the trusted leader in next-generation consumer authentication providing passwordless solutions to the world’s largest organizations. Delivering the most innovative authentication solutions in the market today, Nok Nok empowers global organizations to improve the user experience to access digital services, while meeting the most advanced privacy and regulatory requirements. The Nok Nok™ S3 Authentication Suite integrates into existing security environments to deliver a cost-effective, future-proof and standards-based authentication solution. Headquartered in the Silicon Valley, California, the company has delivered unique inventions and innovations that are protected by a robust global patent portfolio. As a founder of the FIDO Alliance and inventor of FIDO specifications, Nok Nok is the expert in deploying standards-based authentication, and its industry leading customers and partners include DDS, Inc., Ericsson, Fujitsu Limited, Hitachi, Intuit, Lenovo, MTRIX GmbH, NTT DATA, NTT DOCOMO, OneSpan, SoftBank, Standard Bank, and T-Mobile.

About BBVA
BBVA is a customer-centric global financial services group founded in 1857. The Group has a strong leadership position in the Spanish market, is the largest financial institution in Mexico, it has leading franchises in South America and the Sunbelt Region of the United States. It is also the leading shareholder in Turkey’s BBVA Garanti. Its purpose is to bring the age of opportunities to everyone, based on our customers’ real needs: provide the best solutions, helping them make the best financial decisions, through an easy and convenient experience. The institution rests in solid values: Customer comes first, we think big and we are one team. Its responsible banking model aspires to achieve a more inclusive and sustainable society.

Read Official Press Release

28 Feb

3 Min read

Nok Nok Wins GLOMO Award

February 28, 2019 Nok Nok News 0 comments

The Nok Nok™ S3 Suite awarded ‘Best Mobile Authentication & Security Solution’ at the 2019 Global Mobile Awards, (GLOMO).

Nok Nok wins a GLOMO Award and was recognized by GSMA for simple and secure authentication at Mobile World Congress 2019 Barcelona. Nok Nok announced today that the Nok Nok™ S3 Authentication Suite won a Global Mobile, (GLOMO), Award for Best Mobile Authentication & Security Solution at MWC 2019.

“This is an exceptional day for our company and validates the hard work that our engineering and product teams have put in over many years,” said Phil Dunkelberger, CEO of Nok Nok Labs. “We thank the GSMA and the judges for this distinguished recognition. This honor only makes us more eager to continue to produce the leading standards-based authentication solutions offered in the market today.”

The Nok Nok S3 Suite was recognized for its ability to provide MNOs with strong, multi-factor authentication (MFA) that uses the mobile device and implements industry standards, including those from the Fast Identity Online (FIDO) Alliance, to eliminate phishing and man-in-the-middle attacks. In addition, because no shared secrets are stored on the server, the solution also eliminates scalable attacks and enhances user privacy, meeting rapidly evolving privacy regulatory requirements.

“Our congratulations to all of the winners and nominees of the GSMA’s GLOMO Awards 2019,” said John Hoffman, CEO, GSMA Ltd. “The GLOMOs are a testament to the incredible innovation and ingenuity shaping our industry and it is truly an outstanding achievement to have been selected by our esteemed judging panels. We thank all of our entrants, judges, sponsors and partners for supporting the 2019 GLOMOs.”

This recognition comes on the heels of a wave of momentum from Nok Nok Labs, including commercial deployments at SoftBank to deliver strong authentication to more than ten million mobile subscribers, as well as with MUFG Bank, and a recently announced partnership with MTRIX GmbH. To learn more, please visit: www.staging.noknok.com.

About Nok Nok Labs (Nok Nok)
Nok Nok is the trusted leader in next-generation authentication providing simple, secure, scalable methods to authenticate users and devices. Delivering the most innovative authentication solutions in the market today, Nok Nok empowers global organizations to improve the user experience to access digital services and meet rapidly expanding privacy and regulatory requirements. The Nok Nok™ S3 Authentication Suite integrates into existing security environments to deliver a cost-effective, future-proof and standards-based authentication solution. Headquartered in the Silicon Valley, CA, the company has delivered unique inventions and innovations that are protected by over 20 issued US and foreign patents and more pending worldwide. As a founder of the FIDO Alliance and inventor of FIDO specifications, Nok Nok is the expert in deploying next generation authentication, and its industry leading customers and partners include DDS, Inc., Ericsson, Fujitsu Limited, Hitachi, Intuit, Lenovo, NTT DATA, NTT DOCOMO, OneSpan, SoftBank, T‑Mobile, and ThreatMetrix. For more information, visit www.staging.noknok.com.

Read the Official Press Release

26 Sep

5 Min read

S3 Suite FIDO2 Certified

September 26, 2018 Nok Nok News 0 comments

Nok Nok’s S3 Suite is FIDO2 Certified as Next-Generation Authentication Platform Now Includes FIDO2 Certification

Nok Nok, the leader in next-generation authentication and a founder of the FIDO (Fast IDentity Online) Alliance, today announced its award winning Nok Nok^TMS3 Authentication Suite (Nok Nok™ S3 Suite) has been FIDO2 certified by the FIDO Alliance. The Nok Nok^TMS3 Authentication Server is the first FIDO universal server certified for all FIDO protocols (UAF, U2F and FIDO2). The FIDO2 certification of the Nok Nok solution will provide enterprises the ability to quickly integrate standards-based, strong authentication solutions into their existing security environments, allowing companies to bring their customers and end users the benefits of easy to use, frictionless authentication regardless of the application, the platform, or authenticator – biometric, token or wearable.

In addition, for developers interested in quickly deploying and maintaining FIDO authentication within their environment, Nok Nok Labs has rolled out the Nok Nok™ S3 Authentication SDK. This new Nok Nok solution enables developers to deploy, maintain and monitor their own server infrastructure. With the introduction of the Nok Nok Labs Developer Program, developers can quickly learn how to implement FIDO and Web Authentication (WebAuthn) standards in existing applications and mobile devices to meet multi-factor authentication requirements that reduce and eliminate reliance on the use of passwords and legacy one-time password (OTP) tokens for authentication.

“Every day there is news of a new phishing or other scalable attack, caused by the use of weak and stolen passwords,” said Phillip Dunkelberger, CEO & President of Nok Nok Labs. “Our breadth of experience as the most broadly deployed FIDO-based platform puts us in a unique position to deliver phishing-resistant, privacy-conscious authentication in a passwordless user experience. We look forward to bringing these solutions and benefits to our customers and partners as we deliver on our vision of fixing the security and ease of use flaws on the internet.”

More than five years ago, Nok Nok Labs pioneered its modern authentication products to bring consumers and service providers authentication solutions that are interoperable with any application and meet industry standards and global regulations. A a founding member of the FIDO Alliance, Nok Nok Labs’ has helped lead the movement in the development, industry acceptance and deployment of the FIDO Alliance UAF, U2F and FIDO2 protocols. Today, Nok Nok Labs has globally deployed products that implement all of the FIDO protocols, with support for tens of millions of end user customers of leading service providers in key industries including banking, e-commerce, mobile network operators and healthcare.

“As a founding member of the FIDO Alliance, Nok Nok Labs has been a valued contributor to the creation of all FIDO specifications including FIDO2. With today’s FIDO2 certification, the Nok Nok Labs Authentication Server is the first Universal Server certified for all FIDO specifications. This achievement illustrates its ability to address a wide variety of use cases and provide a range of authenticator options to service providers looking to combat phishing and other scalable attacks with simpler and stronger FIDO Authentication,” said Brett McDowell, executive director of the FIDO Alliance.

Nok Nok S3 Authentication SDK
The Nok Nok S3 Authentication SDK allows customers to embed FIDO authentication into their backend infrastructure. The Nok Nok S3 Authentication SDK package includes the Nok Nok Server SDK (Java libraries) as well as the Nok Nok App SDKs for mobile apps. The Server SDK libraries can be embedded into application backend authentication modules, as well as authentication servers such as products from Nok Nok Labs OEM partners. To learn more about the Nok Nok S3 Authentication SDK and OEM Partners who can assist with implementations.

Nok Nok Labs Developer Program
To assist developers who are deploying FIDO-based strong authentication into their existing native mobile applications and web applications, Nok Nok Labs is introducing the Nok Nok Labs Developer Program. The ecosystem around Nok Nok Labs has grown; tapping the expertise of this growing community through the developer program will assist organizations using any FIDO protocols including UAF, U2F, and the latest FIDO2 WebAuthN standards. Learn more about the program.

About Nok Nok Labs
Nok Nok Labs provides organizations with a next-generation authentication platform for cloud, mobile and IoT applications that enables a strategic approach to identity & authentication that is vital to modern business. The Nok Nok^TM S3 Authentication Suite (Nok Nok™ S3 Suite) enables organizations to accelerate revenues, reduce fraud, and strengthen security and privacy. The Nok Nok™ S3 Suite brings a unified approach to deploying easy-to-use, easy-to-deploy secure authentication infrastructure that includes support for and innovates beyond standards such as FIDO and other specifications. Nok Nok Labs is a founding member of the FIDO Alliance with industry leading customers and partners that include Fujitsu Limited, NTT DOCOMO, PayPal and Lenovo. For more information, visit www.staging.noknok.com.

Read the Official Press Release

28 Jun

2 Min read

Nok Nok Announces Partnership with OneSpan to Bring FIDO-based Solutions to Banks & Financial Institutions

June 28, 2018 Nok Nok News 0 comments

We selected to partner with OneSpan to specifically address the growing need for authentication that is interoperable, secure, provides privacy and regulatory compliance in the financial market and for OneSpan’s strengths in fraud-mitigation. The OneSpan Mobile Security Suite (formerly DIGIPASS for Apps) along with the Nok Nok^TM S3 Authentication Suite, will enable banks and financial institutions to offer secure mobile or online applications without compromising the user experience and provides universal support for all of the FIDO standards.

The FIDO ecosystem has made remarkable progress in the last six months. Nok Nok products now service over 145M+ users, and we’re seeing an expansion in use cases at most of our customers. MasterCard and EMVCo have issued guidelines that FIDO Biometrics will be requirement for 3DSv2 (Card Not Present transactions), FIDO has a defined role in meeting PSD2 and GDPR requirements, and the NIST 800-63 guidelines are gathering steam as federal agencies start to build towards plans to deprecate SMS OTP. Those NIST guidelines are being reflected around the world in the UK, Korea and other geographies, and while FIDO may or may not be referenced by name, its core principles and guidelines are being incorporated into regulatory requirements.

We have seen a marked uptick in interest for Nok Nok’s Authentication Server following the FIDO2/WebAuthn news and our joint demo at RSA with Google and Microsoft in April. We look forward to bringing our vision for modern authentication based on the FIDO protocols we authored to OneSpan customers around the world.

For more information about this partnership and offering, or if you would like to learn more about how to partner with Nok Nok, please visit our Contact Page.

The Nok Nok™ S3 Suite awarded ‘Best Mobile Authentication & Security Solution’ at the 2019 Global Mobile Awards, (GLOMO).

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Nok Nok’s S3 Suite is FIDO2 Certified as Next-Generation Authentication Platform Now Includes FIDO2 Certification

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