Authnex emerges Gold winner for ‘Start-Up of the Year’ and ‘Security’ at NBQSA 2020

Authnex, the groundbreaking next generation authentication and authorization platform won two Gold awards in the categories of ‘Start-Up of the Year’ and ‘Security Solutions in Business Services’ at the National ICT Awards (NBQSA) 2020 held earlier this month.

With this incredible achievement, Authnex will go onto represent Sri Lanka at the upcoming Asia Pacific ICT Awards (APICTA) scheduled to be held in Malaysia this year. This biometric based platform has earned a distinctive reputation and wider acceptance for reinventing the future of digital identity in cyber security.

‘We are proud to be recognized as the nation’s best security solutions provider and the best start-up company and we are humbled to receive such recognition within a short period of time. We would like to dedicate this recognition to our amazing team while extending our gratitude to all the well-wishers and congratulating all the winners,’ said Chamara Rupasinghe, Director/Co-Founder, Authnex Technologies Private Limited.

As per the research done by the FIDO Alliance, it is found that passwords are the root cause of over 80pct of data breaches in the world. Users have more than 90 online accounts in general and around 51pct of the passwords are reused. On the other hand, 1/3 of online purchases are abandoned due to forgotten passwords. Authnex is also a member of the FIDO Alliance.