LOS ANGELES, Aug. 13, 2020 /PRNewswire-PRWeb/ -- ITBiometrics, a biometrics company that specializes in security for online financial transactions and biometric identity authentication, announced today that it will be hosting a hacking contest. By encouraging professional and amateur hackers alike to hack into the ITBx™ Fingerprint Crypto Wallet, they hope to show the benefits of biometric security for cryptocurrency wallets.
ITBiometrics is offering a $10,000 prize to the first person that can hack their ultra-secure, Fingerprint Crypto Wallet—a device that not only uses your fingerprint, but also scans your pulse for authentication. These features ultimately defend against hackers who could use lifted fingerprints to break into sensitive devices.
By entering the hacking contest, hackers will have the chance to put the product to the test, ultimately showcasing the advances in biometric technology for crypto assets. "The Hacker Contest lets us prove our advanced biometric technology that we believe can have a big impact on anyone's peace of mind," said ITBiometrics Chairman, Howard Prager.
To ITBiometrics' customers, a cold wallet fingerprint and pulse authentication may be preferred over traditional hot wallets for its increased security. Cold storage devices are inherently more secure than hot wallets since they are not connected to the internet, but additional fingerprint and pulse identification prevents hackers from stealing passwords and lifting prints that would otherwise compromise holdings. As an example, ITBiometrics proved that even cold wallets stored in your phone are not safe. Watch this short video of Andy Finch, ITBiometrics' CEO, hack an iPhone with a Gummy Bear: https://www.youtube.com/watch?v=dko-AzWmh6Q
In addition to hack-proof fingerprint with pulse authentication, consumers can rest well knowing that the ITBx™ Fingerprint Crypto Wallet also includes multi-signature authentication, open-source storage, and ephemeral key wrapping—additional challenges to hacking.
"The ITBx™ Fingerprint Crypto Wallet provides a simple and secure way to protect anyone's high-value assets against theft," said Prager. We noticed at ITBiometrics that there are plenty of people who are victims of hacking but could not find a product that will give them the protection they need. ITBiometrics solves this problem with the ITBx™ Fingerprint Crypto Wallet—a device we believe is unhackable, which is why we're encouraging hackers to prove us wrong."
The launch of ITBiometrics' ITBx™ Fingerprint Crypto Wallet hacking contest is a big milestone for the company and biometric industry. Anyone who hacks the product will gain notoriety in the hacking community, with the added benefit of $10,000 given by ITBiometrics.
Signups for early access are available on the ITBiometrics website today.
Sales Contact:
Kory Kane
korykkane(at)gmail(dot)com
1 (972) 684-4432
Media Contact:
Gene Massey
gene(at)mediashares(dot)com
1 (310) 871-3668
About ITBiometrics
ITBiometrics, Inc. is a USA corporation specializing in security for online financial transactions using biometric identity authentication. ITBiometrics manufactures OEM hardware products with leading biometric technology integration for use by businesses, governments, and individuals in high-security use cases. For more information visit https://ITBiometrics.com or follow us on Facebook @ITBiometrics or Twitter @ITBiometrics.
SOURCE ITBiometrics
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