NEW DELHI & MOUNTAIN VIEW, Calif.–(BUSINESS WIRE/ SPK News Desk)–The FIDO Alliance today announced a partnership with the Data Security Council of India (DSCI) and the launch of the FIDO India Working Group to spread awareness of market-ready strong authentication standards and solutions in India. It is vital to have a secure, open, scalable and interoperable set of mechanisms to reduce the reliance on passwords while also protecting user privacy. These are important concepts that are enabling secure authentication practices in finance and other key industries; both within and outside the enterprise.
“India is ahead of the curve on authentication in many respects – the Reserve Bank of India, for example, mandates that online transactions above a certain threshold use two-factor authentication”
“India is ahead of the curve on authentication in many respects – the Reserve Bank of India, for example, mandates that online transactions above a certain threshold use two-factor authentication,” said Brett McDowell, executive director of the FIDO Alliance. “The launch of the FIDO India Working Group and the partnership with DSCI extends the FIDO Alliance’s global reach and will enable us to educate the Indian market on how FIDO authentication can help service providers meet such mandates, while vastly improving security and usability of strong authentication over solutions like one-time passcodes and digital certificates.”
On the creation of the partnership, Rama Vedashree, CEO, DSCI said, “With the proliferation of digital and mobile banking, secure and foolproof authentication is a key to reassuring consumers and building trust. We look forward to working with FIDO and its members in spreading awareness of stronger authentication standards.”
The FIDO India Working Group will be led by co-chairs Ramesh Kesanupalli, co-founder of the FIDO Alliance and founder of Nok Nok Labs, and Ashok Chandak, senior director of global sales and marketing at NXP Semiconductors. At launch, 11 leading FIDO Alliance member companies active in the Indian market are participating in the FIDO India Working Group: Digit Secure, Feitian, FingerPrint Cards, Hypersecu, Intel Corporation, Nok Nok Labs, NXP Semiconductors, Persistent Systems, Redpine, Synaptics and Uniken, Inc.
FIDO authentication reduces organizations’ and users’ reliance on passwords with interoperable on-device authentication that is stronger and easier to use. FIDO initiates regional working groups to help its members to identify and drive awareness for how FIDO standards can address in-market requirements. To learn more about the FIDO Alliance working groups, visit https://fidoalliance.org/working-groups/.
About the FIDO Alliance
The FIDO (Fast IDentity Online) Alliance, www.fidoalliance.org, was formed in July 2012 to address the lack of interoperability among strong authentication technologies, and remedy the problems users face with creating and remembering multiple usernames and passwords. The FIDO Alliance is changing the nature of authentication with standards for simpler, stronger authentication that define an open, scalable, interoperable set of mechanisms that reduce reliance on passwords. FIDO authentication is stronger, private, and easier to use when authenticating to online services.
The FIDO Alliance Board of Directors includes leading global organizations: Aetna, Inc. (NYSE: AET); Alibaba Holdings (NYSE: BABA); American Express(NYSE: AXP); ARM Holdings plc (LSE: ARM and NASDAQ: ARMH); Bank of America Corporation (NYSE:BAC); BC Card; CrucialTec (KRX: 114120); Daon; Egis; Feitian Technologies (XSHE : 300386); Fingerprint Cards (STO: FING-B.ST); Gemalto NV (AMS: GTO.AS); Google (NASDAQ: GOOG); Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY); ING (NYSE: ING); Intel (NASDAQ: INTC); Lenovo (NASDAQ: LNVGY); Mastercard (NYSE: MA); Microsoft (Nasdaq “MSFT”); Nok Nok Labs, Inc.; NTT DOCOMO, INC. (NYSE: DCM); NXP Semiconductors N.V.(NASDAQ:NXPI); Oberthur Technologies OT; PayPal (NASDAQ:PYPL); Qualcomm, Inc. (Nasdaq: QCOM); RaonSecure Co Ltd (KOSDAQ: 042510); RSA®; Samsung Electronics, Ltd (KOSCOM: SECL); Synaptics (NASDAQ: SYNA); USAA; VASCO Data Security International, Inc. (NASDAQ: VDSI); Visa Inc. (NYSE: V); Yubico.
Data Security Council of India (DSCI) is a premier industry body on data protection in India, setup by NASSCOM®, committed to making the cyberspace safe, secure and trusted by establishing best practices, standards and initiatives in cyber security and privacy. DSCI brings together national governments and their agencies, industry sectors including IT-BPM, BFSI, Telecom, industry associations, data protection authorities and think tanks for public advocacy, thought leadership, capacity building and outreach initiatives.