#Japan #Tokyo #FIDO2 #Liquid Group #LIQUID Auth

Enhanced Security for Online Brokerage Services

In a significant move to bolster security in the financial sector, Liquid Group, a Tokyo-based company specializing in biometric authentication, has announced plans to implement FIDO2 Passkey for a leading online brokerage in Japan. This initiative aims to combat the increasing threat of unauthorized access and fraudulent transactions in online stock trading. The decision comes amid alarming reports of unauthorized transactions exceeding 620 billion yen from January to July this year, highlighting the urgent need for more robust security measures in online financial services.

Addressing a Growing Threat

The Japanese Financial Services Agency has recognized the escalating trend of online fraud, driving them to mandate the adoption of phishing-resistant authentication methods such as Passkey. By integrating LIQUID Auth, Liquid Group will offer a state-of-the-art authentication process that not only requires a user’s password but also utilizes biometric data for additional verification during login and critical transactions like orders and withdrawals. This approach aims to mitigate risks even if a user’s device is compromised by malware or attacked by a remote third party.

Comprehensive Biometric Solution

LIQUID Auth recognizes users through biometric authentication, allowing access via facial or fingerprint recognition across multiple devices and platforms, including smartphones and PCs. This capability is essential in environments like brokerage services, where users may operate from various devices simultaneously. By mandating re-authentication through Passkey during key actions, Liquid enhances the safety of its users and their financial data, setting a new standard for online brokerage security.

The Mechanics of LIQUID Auth

The LIQUID Auth service incorporates advanced biometric verification techniques that ensure users are who they say they are at all times. Features such as face recognition, in collaboration with the LIQUID eKYC service, provide an additional layer of security that is both user-friendly and effective against identity theft. This multifaceted approach helps safeguard systems from unauthorized access, thereby reinforcing trust in the financial transactions that occur online.

Case Study and Future Outlook

This innovative security strategy is a testament to the rising importance of adaptive and robust security measures within the financial industry. Liquid Group’s initiative aligns with the industry's shift towards online verification solutions, catering not only to major brokerage firms but also addressing potential vulnerabilities in various transaction scenarios across different sectors.

As the financial landscape continues to evolve, the implementation of FIDO2 Passkey via LIQUID Auth symbolizes a proactive stance towards enhancing online security, safeguarding users from potential threats, and elevating the overall standards of cybersecurity in financial services.

In conclusion, with the increasing prevalence of cyber attacks targeting online brokerage accounts, advancemen ts like Liquid’s introduction of biometric authentication solutions are not just advantageous but necessary for ensuring customer safety and maintaining confidence in online trading practices.

For detailed insights on preventing account takeovers, visit Liquid’s official page.

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About Liquid Group: Established in December 2018, Liquid Group is committed to making the world a safer place by leveraging biometric technology to enable secure access to services for everyone, regardless of their background. Based in Chuo-ku, Tokyo, the company is listed under the Tokyo Stock Exchange Growth Market with the securities code 5246.