Tag Archive for: Genesis

Genesis HealthCare System Builds on its Investment in BIO-key Biometric Authentication Security as it Migrates to Epic Hyperdrive

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BIO-key International, Inc.

BIO-key International, Inc.

ZANESVILLE, Ohio and HOLMDEL, N.J., Dec. 14, 2023 (GLOBE NEWSWIRE) — BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer Identity and Access Management (IAM) featuring passwordless, phoneless and token-less Identity-Bound Biometric (IBB) authentication solutions, announced that its longstanding customer Genesis HealthCare System, the largest healthcare provider in its six-county region of Ohio, will add BIO-key’s PortalGuard IAM platform to support its existing BIO-key biometric authentication investment as it migrates to Epic Systems’ Hyperdrive end-user application interface. Genesis HealthCare has a network of more than 300 physicians and 4,000 employees across 27 locations.

PortalGuard’s standards-based integration with Hyperdrive allows Genesis HealthCare System to continue enjoying the security and streamlined biometric authentication user experience that BIO-key provides without re-enrolling employees or adopting more cumbersome and expensive multi-factor authentication solutions.

Named by Computerworld as one of the 100 Best Places to Work in IT every year since 2017, Genesis Healthcare utilizes BIO-key biometric software and hardware to secure and streamline its users’ login experience for Epic. By deploying PortalGuard IAM, it is able to maintain a consistent user experience and simplify the Hyperdrive migration. PortalGuard fully supports Hyperdrive’s modern authentication approach through its SAML Identity Provider (IdP) capabilities. PortalGuard provides seventeen authentication factor options, including WEB-key fingerprint authentication, the same core BIO-key biometric authentication platform regularly used by thousands of Genesis HealthCare employees. Additionally, users can now use PortalGuard for biometric authentication in other hospital applications through its support for standard IdP integration options like SAML, OAUTH, and OpenID Connect.

“Epic is a mission-critical application for many of BIO-key’s hospital customers, and implementing PortalGuard SAML SSO allows Genesis to maintain streamlined workflows and ensure secure access to patient information with IBB,” said Mark…

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Gemini, Genesis Offer APY On Crypto Holdings

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Crypto exchange Gemini is partnering with digital currency lender Genesis to give its users 7.4 percent annual percentage yield (APY) on their digital holdings, CoinDesk reported.

The partnership is part of Gemini’s push to encourage customers to hold their cryptocurrency on its exchange. The offering is available now to active Gemini users, and it will be accessible to all Gemini users later in February. The 7.4 percent APY is in line with what many centralized cryptocurrency lenders offer, according to CoinDesk.

“We have a lot of customers who look at the interest rate in traditional finance, which is pretty anemic,” said Noah Perlman, Gemini’s chief operating officer, per CoinDesk.

The interest is collected in part from interest on the cryptocurrency and in part by interest from institutional loans that Genesis holds. Genesis, a subsidiary of Digital Currency Group, offers similar interest-accumulating partnerships with Ledn, a crypto lender, and Luno, an exchange.

In other news, a new report from Chainalysis revealed that darknet markets revenue hit $1.7 billion in cryptocurrency transactions in 2020.

The revenue increase comes mainly from Hydra, the largest darknet market in the world, and one that is only available in Russian-speaking countries. Hydra accounted for 75 percent of darknet market revenue this past year, the report stated.

While Hydra draws in a lot of drug-related cybercrime, darknet markets outside of that region mainly attract fraud shops, selling stolen credit card information and other personal identification information, the report stated.

According to the report, Russia ranked first in total cryptocurrency transaction volume, hitting $288 million, with the United States following at $179 million. The data shows that European and North American users are the largest darknet market consumers, and Eastern Europe also received the most in cryptocurrency payments over darknet markets.

“That pattern fits with what we know about the geography of the global drug trade,” the report said. “Generally speaking, drugs are grown or manufactured in Latin America and Asia and consumed in North America and Northern and Western…

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