The industry has key gaps and areas for improvement. At $9.5 trillion, cybercrime is the world's third largest economy, with 70% of organizations experiencing significant disruption to their business resulting from a breach.2 According to the IBM 2024 Cost of a Data Breach Report, "Breaches involving stolen or compromised credentials took the longest to identify and contain (292 days) of any attack vector," and are among the most prevalent and costliest attack type. By eliminating stored credentials and biometrics, Badge ensures there is nothing to breach.

Account recovery is traditionally highly vulnerable—a weak spot for the industry and a common vector for credential theft. With Badge, there is no credential recovery because there is no credential. Thales is augmenting its identity offering by adding Badge to the integrated solution, authenticating that you are you all along the identity lifecycle.

The integration of Badge Inc.’s unique passwordless authentication enhances identity management for shared devices. The integration allows multiple users to authenticate efficiently, without the delays caused by password resets or complex credential management, ensuring secure, uninterrupted access to shared devices.

In healthcare the integration provides comprehensive IAM capabilities that ensures secure patient and clinician authentication to leading healthcare systems on shared devices without centrally storing biometric templates. In finance and payments, the integration offers robust authentication to secure bank teller, back office, and customer data without requiring added friction and liability such as push notifications to trusted devices. Retail and manufacturing sectors benefit from streamlined operations and improved user experiences across shared devices such as kiosks.

Stay tuned for more updates on how our partnership will drive innovation in IAM. To learn more about how Thales OneWelcome and Badge, Inc. can support your organization, visit us at the Thales booth at Authenticate 2024 Conference, October 14-16, in Carlsbad, CA.