Challenge

Passwords are leaving you and your business vulnerable.

Traditional security methods, such as password-based logins and multifactor authentication, are no longer enough to safeguard your organization and suppliers from cyber threats. The increasing level of sophistication displayed by hackers necessitates more robust controls.

81

%

of data breaches are due to weak or reused passwords.

Verizon Security Report, 2022

$

2.9

B

of revenue was loss in 2023 due to business email compromise.

FBI Internet Crimes Report, 2023

85

%

of internet users admit to reusing passwords across different websites.

Google Report, 2022

Solution Overview

Fraudsters can't hack a password if there is no password to hack.

Passkeys are passwordless. This new type of login credential allows users to securely access their accounts across the web using biometrics like a fingerprint or face scan, or a screen lock PIN.

Why Enable Passkeys?

Enhanced security.

Using passkeys and eliminating passwords helps organizations become immune to a multitude of cyber threats. This ensures sensitive data, like bank account information, remains secure and cannot be obtained by a fraudster even if a supplier or customer’s network is compromised.

Ultimate usability.

Passkeys also alleviate password fatigue for users by removing the need to memorize or change passwords, or worry about complex login requirements. Once set up, it is the easiest and most secure way to access their account. 

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Types of Passkeys

A Passwordless Experience

There are various types of passkeys, all of which aim to make it easier for users to access their accounts while making it harder for hackers to gain access.

Blocked

Biometric Scan

Fingerprint or face scan that can be enabled on a computer if available, or can be autheticated using an Android, iPhone or iPad device.

Secure

USB Security Key

A hardware-based authentication using a physical USB device that is plugged into a laptop or computer, allowing login with a simple click of a mouse.

Data Security

Encrypted Security Pin

A long, unique and random string of characters that's stored locally on a computer device via Windows Hello, iCloud Keychain or through a secured browser.

CyberRisk_service

In an increasingly interconnected world fraught with cyber threats, providing next-level protection through Passkeys not only enhances our clients' confidence in our services, but also underscores our commitment to proactive risk mitigation and unparalleled data protection.

Akhilesh Agarwal, COO & EVP, Global Procure to Pay Solutions & Applied Technology at apexanalytix Read the Press Release
Why apex

Freedom of control is yours.

This is your supply chain, your supplier ecosystem and your risk to be managed.
That’s why we build technology that gives you the power and flexibility to run your business.
Your way.

Select
  • 100% of Your Suppliers
  • For Today, Tomorrow & Forever
  • Auto-sense Assist
  • Community Driven, AI-enabled
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100% of Your Suppliers

Every supplier represents risk and opportunity. Fraud, reputation, revenue. Keep every supplier in scope with apex.

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For Today, Tomorrow & Forever

Built-in best practices + highly configurable solutions to meet your company’s unique and changing needs. Today and into the future.

AutoSense_FeatureResource

Auto-sense Assist

Empower your enterprise at scale with a smart platform that continuously assesses risk and opportunities, taking action tailored to your business requirements.

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Community Driven, AI-enabled

Continuous improvement through AI-enabled datasets and shared innovation across a community of the world's most successful companies.

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Customer Stories

Peak performers
pick apex.

Whether long-form webinars or in-person conference presentations, our clients love to share best practices - what drives measurable value - with their peers.

7x

faster average supplier onboarding
Independence Blue Cross Logo

“Game changing speed. We previously had a paper-based onboarding process and now we can do same day onboarding.”

Chuck Stefanosky, Supplier Diversity Director

53%

increase in supplier discounts taken annually
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“apexanalytix has exponentially changed our whole supplier onboarding process.”

Amy Platis, Director of Finance
Resources

Want to learn more?

Hundreds of product overviews, reports, customer-led webinars and on-demand product demos.

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Blog

AI is Your Next Fraudster!

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Videos

Eliminating Bank Fraud Risk with apexportal

The-2023-Gartner-Market-Guide-for-Supplier-Risk-Management-Solutions
Reports

The 2023 Gartner® Market Guide for Supplier Risk Management Solutions

Ready to Roar?

Fill out our contact form and we will be in touch shortly to discuss how we can help to transorm your procurment process using AI.

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