Spotlight OneSpan: Cybersecurity in its DNAJuly 27, 2022
OneSpan makes digital authentication software for corporate cybersecurity. With technologies including multi-factor and passwordless authentication, transaction authorization, and e-signatures, its products have helped prevent billions of dollars in fraud.
Founded in 1984, in Chicago, Illinois, as Vasco, the fledgling cybersecurity consulting company soon acquired ThumbScan, inventor of the first digital fingerprint reader. By the early 2000s the firm’s Digipass two-factor authentication had become industry standard. In 2018, the company renamed itself OneSpan to reflect a new strategy bringing all its various technologies together into a single platform.
Still headquartered in Chicago with offices around the globe, today’s OneSpan considers its competitive differentiator to be intellectual property, including for example the world-class security DNA behind its suite of Digipass Devices, and its deep roots in highly regulated industries like banking.
This Knowledge Leader drives future strategy from a centralized, cross-functional Innovation Lab. Here, the team focuses on rapid prototypes that can be tested and adapted as new digital behaviors evolve. The firm expects to see future growth in the areas of digital agreements, virtual rooms, remote notary, fraud detection and e-signature, all segments that have accelerated since the start of the pandemic.
As of 6/30/22, OneSpan was held in the Knowledge Leaders Strategy.