Apexanalytix brings the launch of Passkeys. This feature enables suppliers to securely log into their accounts using biometrics like a fingerprint or face scan, or a screen lock PIN.
Experts recommend changing passwords often and increasing complexity to protect against cyber-attacks, but for most people, this isn’t practical. Research shows that more than 80% of data breaches are due to weak or reused passwords. Passkeys alleviate password fatigue by removing the need to memorize login credentials, change passwords, or worry about password complexity – all while still verifying user identity.
"The launch of our Passkeys feature marks a significant advancement in fraud prevention, data security, and user experience,” says Akhilesh Agarwal, COO & EVP, Global Procure to Pay Solutions & Applied Technology at apexanalytix. “In an increasingly interconnected world fraught with cyber threats, providing next-level protection through Passkeys not only enhances our clients' confidence in our services, but also underscores our commitment to proactive risk mitigation and unparalleled data protection."
Key Takeaways:
- With Passkeys, there is nothing to remember. These passwordless logins use a biometric scan or a unique screen lock pin stored in an encrypted format, ensuring your credentials remain safe in the event of a data breach. As a result, apexanalytix customers can experience significantly improved security and usability across their entire supplier ecosystem.
- Passkeys is the latest feature from apexanalytix, coming on the heels of the introduction of the apex Neural Engine, an AI-powered, auto-sensing, auto-acting data solution that streamlines supplier-buyer interactions, improves communication and ultimately creates a more robust risk management process for organizations.
