New identity service eliminates the need for passwords

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Woven is a SaaS product that reduces overall information security risk by eliminating the top vulnerability ─ passwords. According to Woven, more than 80 percent of all enterprise security or data breaches are the result of a compromised password. Woven prevents this type of breach by replacing passwords with cryptographic keys and multiple layers of biometrics and digital credentials. Because Woven provides digital credentials to individuals, these credentials can be taken from one employer to the next. This could help businesses reduce IT support costs by eliminating the need for new ID verification and password resets. New employees would come with their…

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