Williamsburg, VA Advances Zero Trust Initiative for City Infrastructure and Data with BIO-key Identity-Bound Biometrics
08 Juillet 2024 - 2:29PM
BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider
of workforce and customer Identity and Access Management (IAM)
software featuring passwordless, phoneless and token-less
Identity-Bound Biometrics (IBB) authentication solutions, announces
that the City of Williamsburg, VA has selected BIO-key’s
PortalGuard IDaaS platform to enhance its security posture under a
comprehensive Zero Trust initiative.
City governments like Williamsburg face numerous
challenges related to authentication security, given their
responsibility for protecting sensitive information and providing
critical services to their constituents. Williamsburg’s senior IT
leadership sought robust authentication mechanisms such as advanced
multi-factor authentication (MFA) and biometrics to mitigate these
threats. Williamsburg selected BIO-key’s solution over competitive
offerings, enabling it to consolidate security vendors and
implement a unified platform for secure access to systems and data
across the municipality. PortalGuard IDaaS and its IBB capabilities
will streamline access workflows for city users and deliver cost
savings by securing desktop access with passwordless
authentication.
The power of BIO-key’s identity bound biometrics
(IBB) is in establishing trust and accountability rooted in a
person's biometric identity. Biometrics provides assurance of a
genuine presence as well as an audit trail with full transparency.
IBB also eliminates a common authentication point of failure by
removing physical devices (such as tokens or keys) as potential
vulnerabilities, while PortalGuard provides the user with flexible
authentication options to ensure security as well as usability.
"Government entities continue to be prime
targets for cyber-attacks, including phishing, ransomware, and
other forms of cybercrime, so ensuring data security is paramount
as breaches can have severe legal, financial and reputational
consequences,” said Mark Cochran, President of BIO-key’s
PortalGuard division. “BIO-key has an extensive track record of
collaboration with state, county, and local entities, built on our
ongoing commitment to providing quick time-to-value security
solutions and IBB to deliver passwordless authentication.”
About BIO-key International, Inc.
(www.BIO-key.com)
BIO-key is revolutionizing authentication and
cybersecurity with biometric-centric, multi-factor identity and
access management (IAM) software securing access for over forty
million users. BIO-key allows customers to choose the right
authentication factors for diverse use cases, including phoneless,
tokenless, and passwordless biometric options. Its cloud-hosted or
on-premise PortalGuard IAM solution provides cost-effective,
easy-to-deploy, convenient, and secure access to computers,
information, applications, and high-value transactions.
BIO-key Safe Harbor
Statement
All statements contained in this press release
other than statements of historical facts are "forward-looking
statements" as defined in the Private Securities Litigation Reform
Act of 1995 (the "Act"). The words "estimate," "project,"
"intends," "expects," "anticipates," "believes" and similar
expressions are intended to identify forward-looking statements.
Such forward-looking statements are made based on management's
beliefs, as well as assumptions made by, and information currently
available to, management pursuant to the "safe-harbor" provisions
of the Act. These statements are not guarantees of future
performance or events and are subject to risks and uncertainties
that may cause actual results to differ materially from those
included within or implied by such forward-looking statements.
These risks and uncertainties include, without limitation, our
history of losses and limited revenue; our ability to raise
additional capital to satisfy working capital needs; our ability to
continue as a going concern; our ability to protect our
intellectual property; changes in business conditions; changes in
our sales strategy and product development plans; changes in the
marketplace; continued services of our executive management team;
security breaches; competition in the biometric technology
industry; market acceptance of biometric products generally and our
products under development; our ability to convert sales
opportunities to customer contracts; our ability to expand into
Asia, Africa and other foreign markets; our ability to integrate
the operations and personnel of Swivel Secure into our business;
fluctuations in foreign currency exchange rates; delays in the
development of products, the commercial, reputational and
regulatory risks to our business that may arise as a consequence
the restatement of our financial statements, including any
consequences of non-compliance with Securities and Exchange
Commission (“SEC”) and Nasdaq periodic reporting requirements; our
temporary loss of the use of a Registration Statement on Form S-3
to register securities in the future; any disruption to our
business that may occur on a longer-term basis should we be unable
to remediate during fiscal year 2024 certain material weaknesses in
our internal controls over financial reporting, and statements of
assumption underlying any of the foregoing as well as other factors
set forth under the caption "Risk Factors" in our Annual Report on
Form 10-K for the year ended December 31, 2023 and other filings
with the SEC. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
made. Except as required by law, we undertake no obligation to
disclose any revision to these forward-looking statements whether
as a result of new information, future events, or otherwise.
Engage
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Investor ContactsWilliam Jones,
David CollinsCatalyst IRBKYI@catalyst-ir.com or 212-924-9800
BIO key (NASDAQ:BKYI)
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