Implementation of two-factor authentication (2FA) has understandably rubbed some people up the wrong way but is a step in the right direction, not just for other subscription businesses to follow suit, but good for the digital security of users as a whole.
CEO at Nomidio
A computer auditor by training Andersen was Head of Credit Risk at JP Morgan, Head of LabMorgan (FinTech incubator) and also Head of the Carlyle Group’s European private equity operations. More recently, Andersen ran TRL which was the only provider of hardware cryptography to GCHQ and Downing Street – TRL was subsequently sold to L3 the US Defence Group. 10 years ago Andersen established Post-Quantum, a start-up working to develop encryption capable of withstanding a quantum attack, and the firm is a frontrunner in NISTs global competition to identify an open source cryptographic standard to replace RSA and Elliptic Curve for public-key cryptography. Most recently, Andersen founded Nomidio, a SaaS based biometric authentication and verification business that works with the likes of Hitachi Capital to deliver ‘practical self-sovereign identity’.
Securing digital identity on immunity passport will require a trusted guardian that has significant checks and balances in its design and always put our privacy first.