The FIDO Alliance Appoints Samsung Electronics to the Board of Directors
April 22 2014 - 4:00AM
Marketwired
The FIDO Alliance Appoints Samsung Electronics to the Board of
Directors
MOUNTAIN VIEW, CA and SEOUL, SOUTH KOREA--(Marketwired - Apr 22,
2014) - The FIDO (Fast IDentity Online) Alliance
(http://www.fidoalliance.org/), an industry consortium
revolutionizing online authentication with standards for strong
authentication, today announced that Samsung Electronics, Ltd, has
joined the FIDO Alliance and been appointed to the Board of
Directors. Consistent with its global leadership in technology,
Samsung joined PayPal recently in announcing the world's first
deployment of FIDO Ready™ technology.
"Samsung introduced the world's first smartphone with biometric
payment authorization system at Mobile World Congress this year.
Samsung partnered with PayPal for including a fingerprint-based
authentication system utilizing FIDO Ready technologies in
its latest flagship device Galaxy S5. We are thrilled to join the
FIDO Alliance and look forward to working with industry leaders in
paving the way for convenient, reliable and secure mobile payment
experience based on open standards," says Michael Pak, Vice
President of Security R&D Group, IT & Mobile Communications
Division at Samsung.
"Samsung continues to impress with innovations that showcase new
technology's potential. Samsung and FIDO Alliance founder PayPal,
along with founder members Synaptics and Nok Nok Labs, have
collaborated to develop the first FIDO Ready technology
deployment. The new Galaxy S5 represents the first time that mobile
payments are secure, private and easy-to-use. Samsung's embracing
of FIDO authentication signals endless possibilities for strong,
easy to use authentication everywhere," said FIDO Alliance
president Michael Barrett. "We enthusiastically welcome Samsung to
the FIDO Alliance Board of Directors, and anticipate a new breadth
of influence and expansion for FIDO authentication."
"As one of the world's leading device makers, Samsung's adoption
of FIDO Ready technology and fingerprint authentication,
as evident in the new Samsung Galaxy S5, is paving the way for
consumers worldwide to securely participate in mobile commerce with
greatly improved convenience," said FIDO Alliance vice president
and PayPal senior cybersecurity advisor Brett McDowell. "We are
thrilled to have Samsung join us on the FIDO Alliance Board of
Directors and we look forward to continued innovation and market
adoption of FIDO standards with their leadership and support."
FIDO Alliance members commit to share technology and collaborate
to deliver open specifications for universal strong authentication
that enables FIDO-compliant authentication methods to be
interoperable, more secure and private, and easier-to-use.
FIDO specifications will support a full range of authentication
technologies, including biometrics such as fingerprint and iris
scanners, voice and facial recognition, as well as further enabling
existing solutions and communications standards, such as Trusted
Platform Modules (TPM), USB Security Tokens, embedded Secure
Elements (eSE), Smart Cards, Bluetooth Low Energy (BLE), and Near
Field Communication (NFC). The open specifications are being
designed to be extensible and to accommodate future innovation, as
well as protect existing investments. FIDO specifications allow the
interaction of technologies within an interoperable infrastructure,
enabling authentication choice to meet the distinct needs of users
and organizations.
About Samsung Electronics Co., Ltd. Samsung Electronics Co.,
Ltd. is a global leader in technology, opening new possibilities
for people everywhere. Through relentless innovation and discovery,
we are transforming the worlds of televisions, smartphones,
personal computers, printers, cameras, home appliances, LTE
systems, medical devices, semiconductors and LED solutions. We
employ 270,000 people across 79 countries with annual sales of
US$187.8 billion. To discover more, please visit
www.samsung.com.
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 Alliance plans to
change the nature of authentication by developing standards-based
specifications 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: ARM Holdings plc (LSE: ARM) (NASDAQ: ARMH); Bank of
America Corporation (NYSE: BAC); BlackBerry®; CrucialTec (KRX:
114120); Discover Financial Services (NYSE: DFS); Google;
IdentityX; Lenovo;
MasterCard (NYSE: MA); Microsoft (NASDAQ: MSFT); Nok Nok Labs,
Inc.; NXP Semiconductors N.V. (NASDAQ: NXPI); Oberthur Technologies
OT; PayPal (NASDAQ: EBAY); RSA®; Samsung Electronics, Ltd (KOSCOM:
SECL); Synaptics (NASDAQ: SYNA); Yubico.
Media Contacts: Suzanne Matick for FIDO Alliance
831-479-1888 Email Contact
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