Prevent account fraud and credential reuse with true password-less security powered by HYPR.
The world’s largest insurance providers trust HYPR to improve data compliance under HIPAA and GDPR regulations. By removing centralized passwords, HYPR has enabled insurance leaders to eliminate credential reuse, prevent fraud, and save millions of dollars on password resets.
Passwords and SMS authentication are no longer enough to achieve PSD compliance. Section 9.3 of the Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) specifically describes the use of “separated software execution environments” for secure customer authentication.
HYPR takes a standards-based approach to eliminating passwords by combining FIDO authentication with best-in-class mobile security.
This approach empowers your business to meet and exceed PSD regulatory requirements and allows you to focus on what matters most – your users.
Insurance fraud and password breaches impact the bottom line. HYPR eliminates centralized passwords and ensures that your users’ credentials always remain safe on their personal devices, reducing the risk of account takeover to save insurers millions of dollars in fraud-related costs.
Increase Revenue & Transaction Volume
Insurance leaders are trying to differentiate themselves and attract new customers by offering secure and convenient user experiences. Secure passwordless authentication is the best way to increase customer experience, user engagement and retention.
Accelerate Transaction Speeds
Decentralized authentication is fast and doesn’t require frustrating passwords, tokens or SMS messages. HYPR provides unprecedented trust in high-risk transactions and speeds your users through a secure digital experience unlike any other.
Reduce Password Resets & IT Costs
Never reset a password again. HYPR has saved enterprises millions in development and service costs by reducing passwords resets, help desk requests and call center inquiries.
Enhance User Privacy and Security
With HYPR your user’s personal information such as their biometrics and payment details never leave their device, so hackers cannot tap into a central data source to gain access to user credentials.
Improve Customer Experience
With fast biometric payments you can provide your customers a passwordless checkout experience across mobile, web and physical store locations.