Latest news with #biometrics
Yahoo
08-07-2025
- Business
- Yahoo
G-Knot Appoints Fintech, Crypto Veteran Wes Kaplan as CEO to Launch the First Finger Vein Biometric Wallet
New York, New York, July 8th, 2025, ChainwireStrategic leadership appointment positions G-Knot to redefine digital security and identity management G-Knot, a pioneering biometrics technology company developing the world's first finger vein crypto wallet, today announced the appointment of Wes Kaplan as the company's CEO. Kaplan, a globally recognized leader with expertise across fintech, digital assets, and traditional finance, will spearhead the global commercialization of G-Knot's revolutionary biometric solutions. This strategic move comes as G-Knot prepares to launch its flagship crypto wallet product, setting a new standard for security in the crypto industry. G-Knot is the exclusive licensee of eTunnel Inc., a Seoul-based global leader in biometric research and development, and is built on over a decade of research and development of cutting-edge finger vein technology. G-Knot leverages unforgeable biometric data to eliminate vulnerabilities, such as compromised private keys and recovery phrases, addressing a critical pain point in the digital asset industry. With cryptocurrency hacks resulting in over $1.4 billion in losses in 2025 alone, G-Knot's finger vein crypto wallet introduces a transformative solution for secure self-custody. G-Knot's goal is to bring its technology to market through consumer and enterprise-grade products, starting with the launch of the world's first finger vein crypto wallet. This product is the first of many commercial use cases for biometric identification technology. 'G-Knot is poised to redefine security in the digital age, and I am thrilled to lead this mission,' said Wes Kaplan, CEO of G-Knot. 'We are entering the market to solve the security challenges plaguing the cryptocurrency space. By replacing the need for recovery phrases with users' unique biometric authentication, we're not only solving today's issues but also paving the way for broader applications in decentralized finance and identity management.' The biometric technology that powers G-Knot has been validated at the highest levels, earning global recognition for reliability and innovation. In September 2024, G-Knot's technology, developed by eTunnel, secured a prestigious contract with the United Nations' International Telecommunication Union (ITU) to deploy biometric smart cards across UN organizations. Today, G-Knot is the only provider of commercial finger vein biometric solutions in the world. 'Kaplan's proven track record in scaling innovative financial tech makes him the ideal leader to bring eTunnel's technology to market,' said Youngkuk Kim the CEO of eTunnel. 'As eTunnel continues to advance biometric research, G-Knot, under Wes's leadership, will leverage the gold standard of biometric technology to deliver enterprise-grade and consumer-focused products that address the growing security needs of an increasingly digital world.' Kaplan is a seasoned technology leader with deep experience across fintech, digital assets, and traditional finance. He has held executive roles at top firms including Cointelegraph, AscendEX, and Tradewind Markets, and began his career at J.P. Morgan and BNY Mellon. Most recently, Wes served as CEO of Cointelegraph, a premier global cryptocurrency media organization. His appointment signals G-Knot's ambition to bridge the gap between cutting-edge biometrics and DeFi to create new and more secure opportunities for retail and institutional adoption. About G-Knot G-Knot is a pioneering biometric technology company redefining security and identity management for the digital age. G-knot was established to commercialize over a decade's worth of biometrics development and innovation from its parent company, eTunnel Inc., a leading biometrics research and development firm based in Seoul, South Korea. G-Knot is bringing this technology to market through consumer and enterprise-grade products, starting with the launch of the world's first finger vein crypto wallet. This product, designed to address critical security and usability issues in the cryptocurrency industry, is the first of many commercial use cases for biometric identification technology. The company is led by CEO Wes Kaplan, a seasoned technology leader with deep experience across fintech, digital assets, and traditional RodriguezWachsmangknot@ | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNET
08-07-2025
- CNET
Microsoft Will Delete Your Passwords in Less Than 4 Weeks. Do This Now
The Microsoft Authenticator app has already started making some changes to how you handle your passwords, but it will no longer support passwords altogether on Aug. 1. In June, it stopped letting users create new passwords. In July, it turned off the autofill password function. For years, Authenticator supported multi-factor authentication and password management. But going forward, it'll be a new home for your passkeys, such as a PIN, fingerprint or facial recognition. Attila Tomaschek, CNET's software senior writer and digital security expert, said that's not a bad thing, though. "Passwords can be cracked, whereas passkeys need both the public and the locally stored private key to authenticate users, which can help mitigate risks like falling victim to phishing and brute-force or credential-stuffing attacks," Tomaschek said. Passkeys get rid of the risky password habits practiced by 49% of US adults, like using the same password for multiple accounts or using personal hints, according to a CNET survey. However, those convenient hints can pose a bigger risk to scammers, identity theft and fraud. If you're a fan of Authenticator and not sure where to start before the switch, here's what you need to do before Microsoft's Aug. 1 move. When will Microsoft Authenticator stop supporting passwords? Microsoft Authenticator houses your passwords and lets you sign into all your Microsoft accounts using a PIN, facial recognition like Windows Hello, or other biometric data like a fingerprint. Authenticator can be used in other ways, such as verifying you're logging in if you forgot your password, or using two-factor authentication as an extra layer of security for your accounts. In June, the company stopped letting users add passwords to Authenticator. Starting this month, you won't be able to use the autofill password function. And next month, you'll no longer be able to use saved passwords. If you still want to use passwords instead of passkeys, you can store them in Microsoft Edge. However, CNET experts recommend adopting passkeys during this transition. "Passkeys use public key cryptography to authenticate users, rather than relying on users themselves creating their own (often weak or reused) passwords to access their online accounts," Tomaschek said. Why are passkeys a better alternative to passwords? So what exactly is a passkey? It's a credential created by the Fast Identity Online Alliance that uses biometric data or a PIN to verify your identity and access your account. Think about using your fingerprint or Face ID to log into your account. That's generally safer than using a password that is easy to guess or susceptible to a phishing attack. Passkeys aren't stored on servers like passwords. Instead, they're stored only on your personal device. More conveniently, this takes the guesswork out of remembering your passwords and the need for a password manager. How to set up a passkey in Microsoft Authenticator Microsoft said in a May 1 blog post that it will automatically detect the best passkey to set up and make that your default sign-in option. "If you have a password and 'one-time code' set up on your account, we'll prompt you to sign in with your one-time code instead of your password. After you're signed in, you'll be prompted to enroll a passkey. Then the next time you sign in, you'll be prompted to sign in with your passkey," according to the blog post. To set up a new passkey, open your Authenticator app on your phone. Tap on your account and select "Set up a passkey." You'll be prompted to log in with your existing credentials. After you're logged in, you can set up the passkey.
Bloomberg
07-07-2025
- Business
- Bloomberg
Advent Gears Up for Sale of Idemia's Public Security Unit
Advent is moving ahead with a potential sale of French biometrics firm Idemia 's public security unit, people familiar with the matter said, following a deal to dispose the smart identity business. The US private equity firm is working with advisers including Rothschild & Co. on the transaction and could start a formal process as soon as September, the people said, asking not to be identified because the information is private. The unit, which provides services including airport security and facial recognition, could be valued at €2 billion ($2.3 billion) to €3 billion in a sale, the people said.
CNET
02-07-2025
- CNET
Microsoft Is Erasing Your Passwords Next Month. Do This ASAP
Starting this month, you'll no longer be able to use Microsoft Authenticator's autofill password function, a move the company is making to transition from passwords to passkeys. Last month, Microsoft stopped letting you save new passwords in the app. Next month is the biggest change, all your saved passwords will no longer be in the Authenticator app. You'll have to use passkeys instead -- such as a PIN, fingerprint or facial recognition. Attila Tomaschek, CNET software senior writer and digital security expert, believes passkeys are a safer alternative to the risky password habits that 49% of US adults have, according to a recent CNET survey. "Passwords can be cracked, whereas passkeys need both the public and the locally stored private key to authenticate users, which can help mitigate risks like falling victim to phishing and brute-force or credential-stuffing attacks," said Tomaschek. Using the same password for several accounts or adding personal hints can be a convenient way to remember your login. But it's a big risk for scammers, identity theft and fraud. Here's more on Microsoft's plan for eliminating passwords and how to make the switch to passkeys before August. Microsoft Authenticator will stop supporting passwords Microsoft Authenticator houses your passwords and lets you sign into all of your Microsoft accounts using a PIN, facial recognition such as Windows Hello, or other biometric data, like a fingerprint. Authenticator can be used in other ways, such as verifying you're logging in if you forgot your password, or using two-factor authentication as an extra layer of security for your Microsoft accounts. In June, Microsoft stopped letting users add passwords to Authenticator, but here's a timeline of other changes you can expect, according to Microsoft. July 2025: You won't be able to use the autofill password function. You won't be able to use the autofill password function. August 2025: You'll no longer be able to use saved passwords. If you still want to use passwords instead of passkeys, you can store them in Microsoft Edge. However, CNET experts recommend adopting passkeys during this transition. "Passkeys use public key cryptography to authenticate users, rather than relying on users themselves creating their own (often weak or reused) passwords to access their online accounts," said Tomaschek. Why passkeys are a better alternative to passwords So what exactly is a passkey? It's a credential created by the Fast Identity Online Alliance that uses biometric data or a PIN to verify your identity and access your account. Think about using your fingerprint or Face ID to log into your account. That's generally safer than using a password that is easy to guess or susceptible to a phishing attack. Passkeys aren't stored on servers like passwords. Instead, they're stored only on your personal device. More conveniently, this takes the guesswork out of remembering your passwords and the need for a password manager. How to set up a passkey in Microsoft Authenticator Microsoft said in a May 1 blog post that it will automatically detect the best passkey to set up and make that your default sign-in option. "If you have a password and 'one-time code' set up on your account, we'll prompt you to sign in with your one-time code instead of your password. After you're signed in, you'll be prompted to enroll a passkey. Then the next time you sign in, you'll be prompted to sign in with your passkey," according to the blog post. To set up a new passkey, open your Authenticator app on your phone. Tap on your account and select "Set up a passkey." You'll be prompted to log in with your existing credentials. After you're logged in, you can set up the passkey.
Yahoo
02-07-2025
- Business
- Yahoo
BigBear.ai (BBAI) Stock Surges 52%—Analyst Sees More Upside Ahead
Holdings, Inc. (NYSE:) is one of the . On July 1, H.C. Wainwright analyst Scott Buck raised the price target on the stock to $9 from $6 and kept a 'Buy' rating on the shares. The firm's buy rating stems from positive momentum exhibited by the stock during the first half of 2025. In particular, shares of increased 52.6% on the back of new customers and contracts, as well as positive underlying secular trends in AI-driven defense and security. has recently won multiple deployments of its biometric software for Enhanced Passenger Processing at airports and ports of entry, a strategic partnership in the UAE, along with a collaboration with Analogic. It has also achieved some balance sheet improvements, offering it the flexibility to pursue potential acquisitions that could further boost revenue growth and profitability. A high-rise office building, its staff busy at work providing cybersecurity services. The firm believes that shares will sustain current momentum as the company executes against its current guidance. Therefore, it recommends investors to continue accumulating a position in lieu of the improving financial results in the second half of 2025 and 2026. Holdings, Inc. (NYSE:BBAI) is an artificial intelligence specialist that provides decision intelligence solutions for national security, digital identity, supply chain and logistics, enterprise operations, and manned-unmanned teaming in autonomous systems. While we acknowledge the potential of BBAI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 AI Stocks in the Spotlight and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
