1. What is the mission and vision of Hypersecu?
Hypersecu Information Systems is a Canadian Controlled Private Corporation, founded in 2009. Our mission and vision are to provide top-of-the-line information security hardware products for digital identity and authentication. Our products are built on international standards-based protocols, are cost effective, and are open to competitive market forces in order to meet a broad range of users’ needs. At Hypersecu, we strive to ensure trust in the digital world.
2. Why is trustworthy digital identity critical for existing and emerging markets?
Global businesses today are highly reliant on digital transactions for both existing and emerging markets. For example, traditional payment methods are quickly being replaced by mobile payments and online payment services, which increases the need for proper identity authentication. Indeed, some businesses may rely exclusively on digital access alone. No digital transaction, including e-commerce, will be safe without a trustworthy digital identity. As a result, it’s extremely important that every user can be assured that their valuable digital identities are secure and managed responsibly.
3. How will digital identity transform the Canadian and global economy? How does Hypersecu address challenges associated with this transformation?
Digital identity is the cornerstone of the digital economy. Authentication ensures digital identity can be validated properly and is essential for all digital transactions, which greatly affects the Canadian and global economy.
The biggest challenge when implementing digital identity and authentication is ease of use and cost-effectiveness. We directly address these challenges by offering international standards-based identity and authentication products at a lower total cost of ownership and with user-friendly interfaces. Those in the digital economy can then easily integrate these technologies into their day-to-day business with little disruption.
In 2017, we delivered 4 million smart card-based HyperPKI tokens to India for local businesses to digitally file and sign their tax returns. The large number of users demonstrates how a framework using digital authentication can be effectively implemented and how that can translate to implementing a similar framework in Canada. In fact, we became the first Canadian hardware authentication vendor to credit unions across Canada. Helping credit unions secure their online wire payments is just the start. Our goal is to provide further tools and resources to address the challenges associated with digital identity, both locally and globally.
4. Why did Hypersecu join the DIACC?
Building a secure digital Canada requires knowledge and input from all those in the industry, regardless of their role, size, or sector of business. The DIACC builds a great platform for everyone to work together towards a safer digital world. As one of the top information security hardware vendors for digital identity and authentication and with many years working with global clients, we believe we can offer valuable input to help the DIACC achieve its goals.
5. What else should we know about Hypersecu?
Focusing on information security hardware products, we’ve delivered more than 5 million HyperPKI smart card-based USB token, HyperOTP one-time password tokens, HyperFIDO U2F security keys, and other products to multiple sectors around the world including enterprises, government agencies, small to medium businesses, K-12 schools, universities, and individuals.
We firmly believe in the value of hardware-based authentication products. Smart card-based products are currently recognized as the best technology for identity applications that must meet advanced security requirements such as those used by government agencies. As a result, we’re dedicated to working on finding that a critical balance between high-level security and user-friendliness, as well as the total cost of ownership, to ensure that every individual can benefit from these technologies in the digital world.
Watch the video interview with CEO James Li: