Enzoic Wins “Fraud Prevention Innovation of the Year” Award in 2020 CyberSecurity Breakthrough Awards Program
After intensive review of over 3,700 nominations, Enzoic was chosen as a winner of the 2020 CyberSecurity Breakthrough award program. They were recognized specifically with the ‘Fraud Prevention Innovation Award’.
CyberSecurity Breakthrough is a leading independent market intelligence organization that recognizes the top companies, technologies and products in the global information security market. Enzoic sits alongside winners in other cyber security categories, including: Fortinet, Avast, Raytheon, McAfee and an impressive list of top startups.
The mission of the award program is to ‘honor excellence and recognize the innovation, hard work and success in a range of information security’ projects. They seek to recognize companies like Enzoic that are ‘Breaking Through’— companies and products that are addressing a true need, or that ‘solve a complex or critical problem’.
“Enzoic is proud to receive the Fraud Prevention Innovation award as this recognizes the creativity, dedication, and ingenuity of our team and the innovative nature of our solution,” explained Enzoic’s Chief Operating Officer, Josh Horwitz. “We are on the front-line of cyber-defense for credential stuffing, a rapidly growing type of cyber-attack that results from the password reuse. Unlike other approaches, Enzoic allows organizations to harden a security layer in which they’ve already invested and avoid the friction introduced by other fraud prevention methods.”
Enzoic is a Boulder, Colorado based cybersecurity company committed to preventing account takeover (ATO) and digital fraud through the detection of compromised credentials. Organizations—from hospitals to financial service firms—use Enzoic solutions to check user accounts for weak or breached passwords, to identify accounts that are either at risk or have already been compromised. From the point of detection, they can then turn to defensive action.
Enzoic’s innovation provides a low friction method to prevent credential stuffing and comply with industry best practices for password authentication. Enzoic can determines if a set of credentials is compromised without requiring any password or hash value. This means that organizations can check if their password is safe without sensitive data being exchanged in either direction.
Conversations around password security are decades old, so it’s particularly significant for Enzoic be able to deliver an innovative that hardens a security layer that is already widely in use.
The Cybersecurity Breakthough Awards criteria include Performance, Ease of Use, Functionality, Value, and Impact. This award is validates Enzoic solutions for being easy to deploy, cost-effective and scaling well to accommodate organizations of all sizes.
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*** This is a Security Bloggers Network syndicated blog from Enzoic authored by Enzoic. Read the original post at: https://www.enzoic.com/cybersecurity-fraud-prevention/