Quadible company founders Dr Niklas Palaghias and Mr Georgios Sachpatzidis have cleverly combined smart phone and artificial intelligence technologies to create a new approach to mobile authentication.
In what ECSO, the European Cyber Security Organisation, says is ‘a significant step forward’, the Quadible solution learns the unique behavioural patterns of smartphone users and combines that knowledge into a coherent, intelligent engine that can be used to verify them online in the most accurate, reliable and secure way. It is a continual process that doesn’t require any user input, instead harnessing the necessary data through the sensor and knowledge extraction engines that are built into today’s mobiles.
“Today’s smartphones create incredible amounts of data which could be used proactively to help identify and protect users from data breaches,” explains Dr Niklas Palaghias. “This is important because massive data breaches continue to happen: nearly 773 million records including email addresses and passwords were exposed in one such occurrence recently. However, most current authentication mechanisms such as passwords, multi-factor authentication and biometrics are either inconvenient or insecure or both.”
The mobile authentication market is huge, estimated to be worth $3.3 billion by 2023 with 25% growth year on year. Online banking and gambling are important target sectors with a view to reducing fraud and increasing customer satisfaction.
The Quadible team is currently trialing its platform with two blue chip companies in the UK and Spain and hopes that its success in gaining access to Catalyst will enable them to take a leap forward.
“Completing our trials and closing our first customer is a critical next step which will enable us to secure funding,” commented Dr Palaghias. “Finding out that we had been accepted into Catalyst was not only great news but also a great relief to learn that knowledgeable experts will be able to help us grow our business.”
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