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Charles Durkin

Chief Executive Officer at Privakey, Inc.

Charles Durkin is a seasoned professional and a former Chief Executive Officer at Privakey, a pioneering company in secure authentication and authorization.

Privakey revolutionizes the authentication landscape by offering a Transaction Intent Verification solution, enhancing the security of multifactor authentication and authorization processes.

The patented technology by Privakey ensures top-notch customer experiences by streamlining payments and digital transactions, making them hassle-free and secure.

Durkin's expertise lies in eliminating common sources of friction like passwords, delivering seamless and delightful customer interactions.

With a background in Engineering, including studies at Drexel University and the University of Pennsylvania, Durkin merges technical prowess with strategic leadership in his roles.

Durkin's professional journey encompasses executive positions at various organizations such as Probaris Technologies, Citi, Bluerise, LLC, eCal Corp., Answerthink, Lockheed Martin, and General Electric.

His experience spans from being a Chief Executive Officer to President, Vice President, and Management Consultant, showcasing a diverse skill set and a proven track record in the technology and engineering sectors.

Privakey, under Durkin's leadership, complies with the EU's PSD2 strong customer authentication (SCA) regulation, empowering online retailers and financial institutions to meet stringent security requirements seamlessly.

Durkin's proficiency in creating high-quality customer journeys, boosting satisfaction levels, and enhancing Net Promoter Scores (NPS) underscores his commitment to excellence in user experience.

His expertise in account access, authentication, transaction authorization, and compliance with regulatory standards positions him as a key player in the realms of digital security and user-friendly technology solutions.

Highlights

Jan 23 · linkedin

In the clip below, Andrew Ross Sorkin recommends turning on 2-factor authentication (2FA) for all accounts where it is available. This is certainly sound advice. Shortly after Mr. Sorkin made the recommendation on CNBC this morning, his cohost said that he prefers to avoid 2FA because it is too much of a hassle. This is a common sentiment and indicative of the security versus convenience tradeoff many of us regularly encounter. New technology, like that offered by Privakey, allows companies to offer authentication processes that are easier than common password-based methods, while also offering better security than passwords + 2FA methods, that many consider highly inconvenient. #passwordless

Oct 9 · linkedin

The MGM hack, and many others like it, could have been prevented if the targeted businesses used modern passwordless authentication solutions like those offered by Privakey. Removing passwords from the authentication process dramatically reduces attack surfaces. Passwordless technology also significantly improves user experiences by simplifying the authentication process and eliminating the password management hassle for users.

Charles Durkin
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Location

Greater Philadelphia