How the First National Bank of Long Island increased internal security with biometric authentication
In the ever-evolving landscape of cybersecurity threats, banks face intense scrutiny to safeguard sensitive customer data. To ensure compliance with stringent security and financial regulations such as PCI-DSS, GLBA, and SOX, banks must fortify their security platforms. Recognizing the need for a robust solution, auditors advised the First National Bank of Long Island to implement a strong Multi-Factor Authentication (MFA) system to secure internal access to customer data effectively.
However, increasing password complexity requirements presented a challenge, as it burdened the IT staff and made password management more difficult for users. To address these concerns, the bank embarked on a thorough evaluation of MFA solutions, with biometrics emerging as the preferred option.
By leveraging BIO-key's state-of-the-art ID Director and PIV-Pro scanner, the First National Bank of Long Island experienced several significant benefits:
Multi-Factor Authentication (MFA) with Biometrics: The implementation of biometric authentication added an additional layer of security, ensuring that only authorized users could access sensitive information.
Streamlined Workflow with Single Sign-On (SSO): BIO-key's solution is integrated seamlessly with the bank's existing systems, providing a simplified and efficient user experience through single sign-on capabilities.
Enhanced Security for Roving Users: With the ability to authenticate using biometrics, employees who frequently move between locations or work remotely could securely access the bank's systems, mitigating the risks associated with traditional password-based authentication.
Drastically Reduced Password Resets: By eliminating the reliance on complex passwords, the bank experienced a significant decrease in password reset requests, alleviating the strain on the IT staff and improving overall operational efficiency.
“BIO-key offered the best pricing and their solutions were just as effective as their competitors."
Paul Vasquez, Assistant Vice President
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