NXTD in magazine article MobileSecurityZone.com today!

NXT-ID Files for ‘Un-Password’ Dynamic Pairing Patent

By: Rory Lidstone

cyber_security_awareness.jpgMany consider biometrics to be the secret to achieving better, easier security but, like any authentication method, biometrics isn’t perfect. Fortunately, biometric authentication company NXT-ID is working on improving on biometric authentication, starting with the submission of a patent application for dynamic pairing.

Following up on U.S. provisional patent application No. 61/802,681, NXT-ID has filed patent application 14/049175 for “The ‘Un-Password’: risk aware end-to-end multi-factor authentication via dynamic pairing.

Put simply, the patent represents advancements in biometric and cryptographic authentication, as well as another technology crucial to NXT-ID’s upcoming payment and identity product ‘the Wocket.’ Wocket is a new biometrically secure smart wallet that aims to replace the traditional wallet, along with the number of credit cards consumers carry.

As for NXT-ID’s dynamic pairing technology, it brings a high level of trust to transactions without sharing private information that could be used for a cyber attack. This allows private data to be kept private and under control of the owner of the data, drastically reducing the likelihood of identity theft while still enabling other systems to trust the authenticity of the user, device or application.

“We wanted to develop a method where devices could establish trust with one another, but without exposing any private information that could be used in an attack or identity theft,” said David Tunnell, CTO of NXT-ID, in a statement. “Instead of passing private, identifiable information about an individual over the internet, we send dynamic pairing codes that contain hidden risk assessments. Each new risk assessment measures how sure ‘you are who you say you are’ based on multi-factor authentication such as biometrics.”

Tunnell went on to add that each risk assessment being dynamic and hidden within the dynamic pairing code makes cyber attacks much more difficult and easy to detect. Wocket will be the first application of dynamic pairing.

For more information: mobilesecurityzone.com/nxt-id-files-un-password-dynamic-pairing

Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s