Dubai, United Arab Emirates, December 7, 2014: HID Global, a worldwide player in secure identity solutions, today announced that it has earned the 2014 Frost & Sullivan Global New Product Innovation Leadership Award for consumer authentication in online financial services. The award recognized the superior qualities of HID Global’s ActivID Threat Detection Service and how it simplifies the process for online security compliance by implementing layered authentication for end users.
“We are honored to receive this recognition and validation from Frost & Sullivan,” said Christy Serrato, senior solutions marketing manager, financial services with HID Global. “Advanced fraud prevention and intelligence-based authentication that are easy to deploy and use are a key element of our ActivID integrated versatile authentication platform. They also support the Layered Online Security strategy that today’s banks and financial institutions must employ in order to give their customers the peace of mind that they have a secure and convenient environment for conducting their online and mobile transactions.”
In singling out HID Global for its award, Frost & Sullivan recognized its alignment with its key Mega Trends, including the increasing aggressiveness and effectiveness of cyber miscreants capitalizing on vulnerabilities in user devices and user inclinations for convenience over risk avoidance. Frost & Sullivan analysts also independently evaluated visionary implementation and product excellence, according to additional criteria, including design, match to needs and product/services value.
“HID Global is among the innovative companies leading the market with layered security solutions that deliver advanced, frictionless authentication for consumer-facing applications,” said Frank Dickson, network security industry principal with Frost & Sullivan. “The company has identified that financial institutions have a strong need for enhanced authentication for their customers’ online interactions, while maintaining user convenience as a priority, and has addressed this market need through the complete solution of ActivID Authentication with ActivID Threat Detection Service. A combination of foresight and execution has earned HID Global the 2014 Frost & Sullivan Global New Product Innovation Leadership Award.”