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Eyvo has made a recent advancement through the incorporation of FIDO passwordless authentication, which not only enhances security but also improves user experience.
Clients now benefit from phishing-resistant protections, faster approvals, and seamless access to their procurement tools without any password-related risks.
Digital threats are ever-changing, driving an increasing demand for more reliable authentication methods. The outdated traditional methods of authentication, such as usernames and passwords, are not secure in today's world due to problems such as password breaches, phishing scams, and user inconvenience caused by password forgetfulness.
Fast Identity Online (FIDO) addresses the problems that legacy authentication methods experience, as it provides a set of open standards that create a secure alternative to passwords for authentication and a better user experience.
At Eyvo, we are committed to providing our clients with a safe and seamless way to authenticate users by utilizing the FIDO specifications, which we have integrated into our software ecosystem, thus revolutionizing the way users authenticate within our environment.
Fast IDentity Online (FIDO) represents a set of standards defined globally to provide secure and passwordless authentication by using public-key cryptography.
Rather than using passwords for user verification, FIDO enables verification with any of the following methods:
Biometrics (i.e., Face and Retina scan, Fingerprint)
Secure hardware keys (i.e., security tokens)
Cryptographic credentials that are device-based.
Because your private login credentials remain only on your device, resisting attacker access without first having substantial trouble is extremely difficult or impossible.
Implementing password-based authentication has created a series of security/usability issues for modern enterprises.
| Risk | What It Means for Businesses |
|---|---|
| Phishing Attacks | Users can be tricked into giving away passwords |
| Credential Theft | Breached passwords are reused across platforms |
| Weak Password Habits | Easy-to-guess or repeated passwords increase exposure |
| User Frustration | Frequent resets and complex rules slow productivity |
With a procurement platform like Eyvo (that manages sensitive/critical supplier, financial, and approval information daily), traditional password-only security measures are not sufficient anymore.
FIDO uses public-key cryptography, rather than a password. Below summarises how a user authenticates:
When a user first registers, a unique cryptographic key pair is created.
The public key gets stored by the service provider (Eyvo).
The private key remains securely bound to the user's device.
When logging in, the device proves its identity without sharing the private key.
This means:
No password is sent via the network, preventing attacks.
No reusable credential can be stolen.
Phishing attempts will not work because there are no credentials to capture.
Eyvo has incorporated innovative, secure methods of authentication that will adhere to FIDO guidelines.
Fingerprint recognition,
Facial recognition,
Device-based biometrics.
The benefits of biometric authentication are that this method is fast, easy to use, and very secure.
The reason why the use of hardware tokens is so powerful:
An attacker can’t log in from a remote location without the security key.
The use of hardware tokens provides very strong protection against phishing attacks.
Great for finance teams, approvers, and administrative users.
When logging into a system with FIDO authentication, users no longer have to worry about the risks associated with passwords succeeding in these areas:
Preventing unauthorized access to sensitive user account information
Preventing the theft of user credentials
Blocking phishing attacks.
This is especially important for:
Supplier financial information
Approval workflows
Contract and order records
Users are not required to:
Remember difficult passwords
Reset forgotten credentials
Go through multiple manual steps to gain access to procurement systems.
This results in much quicker access to procurement systems and supplier approval.
FIDO credentials cannot be reused, and hence FIDO authentication is inherently phishing-resistant. This is because it does not rely on passwords or one-time codes. Instead, it uses hardware-bound cryptographic credentials that are tied to the legitimate Eyvo domain. So, if a user gets tricked into visiting a fake website, the authentication will automatically fail as the cryptographic key will only work with the original Eyvo platform.
Purchase requests and approvals
Supplier management
Spend control as well as compliance
Risk-aware procurement decisions
As these systems are utilized for processing high-value transactions and sensitive business information, the highest priority for us is security.
Secure procurement and financial data
Prevent unauthorized access to approval workflows
Reduce security risks caused by phishing and password theft
Provide a modern, user-friendly login experience
While streamlining workflows is beneficial for security, it also helps to make the procurement process more efficient.
Through faster, password-free access to procurement tools:
Approvers have a quicker turnaround time reviewing and approving orders
Users experience minimal delays when accessing procurement tools
Faster transaction cycles by eliminating time delays in handing off between buyers and suppliers
Overall, increases in transaction speed reflect smoother procure-to-pay processes
Biometric and security key-based login methods reduce the time associated with conducting logins, resulting in less user frustration (especially for):
Frequent approvers of orders
Finance team members are conducting procurement activities
Procurement managers conducting procurement activities while out of the office
As a result of adopting FIDO-enabled solutions, Eyvo will create a new standard for security in its procurement software while continuing to provide easy-to-use and efficient systems for users in day-to-day operations.
When compared with traditional passwords, which are no longer sufficient means of protecting sensitive business systems, cyber threats are becoming increasingly sophisticated. This is especially true of procurement platforms, as they contain sensitive financial data (including supplier information as well as approval processes), where phishing-resistant authentication solutions become critically important.
Eyvo provides a higher standard of security through the use of FIDO-based passwordless authentication without adding complexity for users. By using hardware-based cryptographic credentials (e.g., physical security keys) in addition to biometric authentication, we ensure that only those users authorized to perform procurement functions can access those functions — and they can do so more quickly and easily than ever before.
Adopting passwordless authentication is not merely a technical enhancement; it is a strategic move toward safer, smarter, and more resilient digital procurement. By leveraging FIDO’s capabilities, Eyvo allows organizations to safeguard themselves today while preparing for the evolving security challenges of the future.
Contact us for more information!
FIDO Authentication allows users to log in without needing passwords by using some type of biometric identifier or security key, and it relies on cryptography to authenticate users securely without transmitting passwords over the internet.
Yes, FIDO is much safer because it does not use shared secrets as a basis for authentication, as traditional passwords do; rather, it relies on cryptographic keys that are uniquely generated by your device and therefore cannot be easily stolen, reused, or phished.
FIDO credentials are specific to each legitimate service provider (i.e., the website you are trying to log in to). If you access an illegitimate service provider’s website, even if you were tricked into accessing their site, you will not be able to complete the authentication process because the cryptographic key used to authenticate you will not match.
Most current smartphones, laptops, and web browsers support FIDO through their onboard biometric technology (either fingerprint or facial recognition). You may also utilize additional security keys when using FIDO for additional security.
The procurement group will experience:
Rapid access to all of their systems
Fewer reset passwords
Greater security of financial & supplier data
Secure approvals/transactions
Eyvo adopted FIDO authentication to enhance overall security within our application, protect the sensitive nature of our clients’ procurement data, and provide our customers a faster and better user experience logging on to our application.
