Today, we’re proud to share that Axiad was recognized in the 20th Annual Globee® Awards for Cybersecurity! The Globee Awards, a leading authority in recognizing business excellence globally, has honored Axiad with a gold-level award in the “Passwordless” category for its outstanding innovation and effectiveness in cybersecurity.

About the Globee Cybersecurity Awards

The Globee Cybersecurity Awards spotlight the achievements of companies and individuals excelling in risk management, threat detection, cloud security, data privacy, and beyond. This accolade underscores the award organization’s commitment to securing digital infrastructures and safeguarding against cyber threats.

This year’s award nominations were reviewed by a robust judging panel, comprised of more than 580 experts from around the world, which highlights the award’s prestige and the exceptional quality of the winners.

San Madan, President of Globee Awards, commended this year’s winners by saying:

“Congratulations to the 2024 victors for their pivotal role in fortifying our digital world. Your dedication and ingenuity not only contribute to advancing cybersecurity but also inspire the community to strive for excellence. We’re honored to celebrate your success.”

To be recognized by this prestigious awards program is a testament to all the hard work we’ve put into our passwordless solution, Axiad Cloud. Here’s more about how it works and the benefits it provides to our customers.

About Axiad Cloud: Passwordless, Phishing-resistant MFA

According to Verizon’s annual data breach investigations report, password hacking is behind 80% of all cyberattacks, including last year’s Xfinity breach, making the move to passwordless authentication more critical than ever. And, with guidance from the U.S. White House Office of Management and Budget (OMB), National Institute of Standards and Technology (NIST), and the Cybersecurity and Infrastructure Security Agency (CISA) all pointing toward the growing risk of phishing-based attacks, a sound passwordless strategy is a must-have building block to defend against this vector.

However, the path to passwordless, phishing-resistant authentication is not always straightforward – particularly for large organizations that rely on large, complex, heterogeneous IT environments. These organizations have had to create silos across multiple authentication methods, identity types, use cases, and existing IAM systems. Axiad Cloud provides a common authentication framework – without ripping and replacing existing authentication platforms – that allows customers to move to an interoperable passwordless future without the friction that comes from fragmented solutions.

Axiad Cloud helps organizations move toward passwordless, zero trust interactions by reconciling multiple human and machine identities, automating the onboarding process, eliminating implicit trust, and continuously validating every stage of a digital interaction. The solution, which achieved FedRAMP Ready certification status, delivers organization-wide passwordless orchestration to connect users and machines to data and applications from anywhere, helping organizations optimize their cybersecurity posture while navigating underlying IT complexity.

Axiad Cloud’s Benefits

Axiad Cloud supports multiple authentication methods, including Certificate-Based Authentication (CBA) and FIDO passkey. These capabilities are critical to passwordless strategies: Axiad estimates that FIDO passkey will handle approximately 60% of use cases involving browser-based authentication while CBA will handle the remaining 40% that revolve around non-browser-based authentication.

Axiad believes that “Pragmatic Phishing Resistance” – an approach that supports best-of-breed current authentication methods, such as CBA, while futureproofing with FIDO passkey – is the best strategy for enterprises charting a course to a passwordless future. Axiad Cloud’s fully integrated passwordless approach combats ransomware attacks and account takeovers by routinely and automatically verifying credentials before authenticating. It also provides a critical balance between protection and usability, empowering end users to easily access what they need, when they need it, without compromising security.

And, while most passwordless solutions actually require a password or other shared human secret that’s simply been abstracted or hidden away, this isn’t the case with Axiad’s “true passwordless” solution. Axiad Cloud delivers a “password-free” solution with zero shared secrets, heightened security, and improved security posture for the entire organization.

In addition, Axiad delivers an average ROI of 6.9X, with savings coming from a variety of different avenues, including:

• Moving on-premises authentication capabilities to the cloud, which frees up IT resources.
• Reducing departmental time and costs for things like password resets with policy-driven emergency access instead of issuing temporary passwords.
• Automating processes and checklists (e.g., self-serving smart card setup) before an employee can gain full access to company systems.
• Streamlining the management of all digital certificates for every type of device or workload.
• Adding phishing resistance seamlessly across the entire environment without requiring “rip-and-replace” upgrades or major modifications.

Overall, Axiad Cloud allows organizations to remove gaps and inconsistencies in how they authenticate across complex ecosystems and become more programmatic and predictable in their daily cybersecurity practices.

What’s in Store in 2024

Our gold Globee Award adds to the many recognitions Axiad has won over the past year, including four gold 2023 Cybersecurity Excellence Awards, two Cyber Defense Magazine Global InfoSec Awards, a Gold Stevie Award, a PeerSpot Rising Star award, and more.

2024 is shaping up to be one of our best years yet! We will keep you apprised of all the great things to come – namely, how we will deliver an identity-first foundation for a zero-trust future that will help our customers lower the cost of identity security and help them better address critical cybersecurity attack vectors.