About Nok Nok
Nok Nok is the market leader in next generation authentication for cloud, mobile and IoT applications. The company’s carrier-class, web-scale authentication platform has been deployed to hundreds of millions of users through leading Mobile Network Operators, Fintech, Banking, Healthcare and IoT customers. Through the Nok Nok S3 Authentication Suite, the company provides the security and assurance of “right user, right device and right context” to realize frictionless delivery of services for superior customer experiences.
The company is a pioneer in driving the adoption of password-less modern authentication that includes biometric, token or wearable-based authentication of devices and users on mobile, PC & IoT platforms to deliver strong, multi-factor authentication. Nok Nok is trusted by millions of users and by leading Fortune 500 enterprises everyday to connect, engage, transact with and service their customers to provide a secure and confident omni-channel digital experience.
Nok Nok is a privately held company and is based in Palo Alto, California. It was founded in 2012 by a team of security industry veterans from companies such as PGP, PayPal, Phoenix, ValiCert, Sun Microsystems and Netscape with the vision that authentication lies at the heart of the security problem for every computing ecosystem. Solving this problem requires us overcome the limitations of legacy authentication solutions such as passwords and OTPs (one-time-passwords). Those methods are subject to scalable attacks such as phishing and man-in-the-middle attacks that can be done remotely and be automated to cause maximum damage. Nok Nok’s innovations deliver plug and play authentication solutions that are simple, secure and scalable for three key constituencies – end users, developers and IT support personnel.
Nok Nok is the author of several key industry standards ratified by bodies such as the FIDO Alliance and the W3C. The company’s innovation and IP extends well beyond its contribution to the standards community. The Nok Nok team is sought after to consult and comment at industry forums and conferences and to regulatory bodies worldwide on best practices related to Identity & Authentication across many industries and are a trusted advisor to their customers.
Authentication is the weakest link in the chain of cyber security. Every year billions of dollars are invested in securing business through legacy authentication solutions such as password management, one-time passwords or fraud/risk management systems and firewall/VPN/intrusion systems. Beyond their costs, these systems create friction in customer interactions and complexity for IT and have proven ineffective against attacks on credentials.
Despite the large investments, according to the 2017 Verizon Data Breach Incident Report, 81% of the reported data breaches were caused by a stolen or compromised credentials. These credentials themselves are used to mount attacks that have catastrophic consequences for brands, their customers and potentially for the ecosystems they participate in. To truly secure any computing ecosystem and prevent scalable attacks we need a modern way to secure our credentials that is simple, secure and scalable.
The company is the visionary behind and one of the five founders of the FIDO Alliance, an industry group leading efforts to standardize password-less and multi-factor authentication. FIDO is changing how the world will authenticate in 21st century digital economy and is increasingly referenced by standards and regulatory bodies. Nok Nok’s innovations go beyond the limitations of individual authentication methods to deliver a framework approach that allows a plug-and-play approach to authentication. The company is an industry leader that innovates on top of a standards-based platform and has real-world deployments in the millions of users.