Friday, September 13, 2013
WASHINGTON, D.C., Friday, September 13, 2013 – LaserLock Technologies (LLTI:OTCBB), a company involved in authenticating products and persons, announced today that it has filed a provisional patent application entitled “System For Correlation of Independent Authentication Mechanisms”. The system authenticates human subjects using three independent factors simultaneously, creating a simple user experience and a higher degree of security than currently available on the market. This technology is especially useful for securing player identity on internet gaming platforms.
The system incorporates three factors of authentication: a color gesture swipe (something you know), a smartphone or tablet (something you have) and facial recognition (something you are), already hallmarks of LaserLock’s VerifyMeTM platform. This system is unique in that the color gesture swipe and biometric scan are performed simultaneously: when the user inputs the color gesture swipe into their device, the front-facing camera of the device performs a facial recognition scan simultaneously. The security of the system is enhanced when, during the facial scan, the camera also detects the direction the users eyes are moving in. This prevents an imposter from fooling the facial recognition software by holding up a picture or a pre-recorded video of the person they are attempting to impersonate.
“As authentication technology moves away from passwords and PINs, LaserLock is staying ahead of the curve with this state-of-the-art authentications system,” said Neil Alpert, Chief Executive Officer. “This technology takes advantage of our existing biometric capabilities, including state-of-the-art facial recognition, and can easily incorporate additional capabilities such as fingerprint and retinal scans.”
The technology has a variety of applications, and is an easy alternative to traditional passwords and PINs. Companies incorporating the VerifyMeTM platform into their sign-on process offer their customers a vastly higher level of security and make it simpler to log in to their user accounts by not having to remember long, complex passwords.
“We believe this is game-changing technology for existing and future internet gaming platforms,” said Michael R. Sonnenreich, Chairman of the Board. “We are continuing to roll out products that are safer and easier than the outdated system of passwords and PINs, and that is good news for consumers and companies providing other online services.”
The Company expects this new technology to have wide popularity in the financial services industry, online gambling platforms and any login system that is susceptible to password hacking.
ABOUT LASERLOCK TECHNOLOGIES, INC.
LaserLock is a high-tech solutions company in the field of authenticating products and people. It offers state of the art solutions to combat counterfeiting and identity fraud for governments, health care providers, the gaming industry, the financial services industry and high-end retailers.
The company authenticates products, government documents, and currency with a suite of proprietary security inks and digital solutions that have never been compromised, making them safer than other anti-counterfeiting technologies such as holograms. LaserLock’s anti-counterfeiting solutions protect the reputation and bottom-line of governments and businesses around the world.
The company authenticates people by performs strong, multi-factor identity validation via a patented digital platform called VerifyMeTM, which identifies an individual by requiring a shared secret (something you know), a physical token (something you have) and a biometric factor (something you are). The process takes less than five seconds and achieves military-grade authentication standards. As the world moves away from password-based authentication technology, LaserLock’s VerifyMeTM platform offers a more secure and easier alternative for authenticating online identity.
Ann Marie Clements
Sage Communications (for LaserLock Technologies)