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yubicoyubico SEB Nordic Seminar 2026 January 9th 2026 Rethink Cybersecurity Secure the Future © 2026 Yubico
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Presenter 2 Jerrod Chong Acting Chief Executive Officer Yubico jerrod@yubico.com © 2026 Yubico
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Blurred Lines Between Human and AI 3 Hi [NAME], To keep our network secure, we ask that all users reset their login credentials for our project management system every 90 days. Your login is due to expire soon, so please use the link below to reset your credentials — let us know if you have any issues. https://link/example.com Thank you, [NAME] Company administrator Hi [NAME], Just a quick heads-up: your login for the company’s project management system has expired (we reset them every 90 days). To keep things secure, we ask that you set up a new login. You can do that by clicking the link below: https://link/example.com Reach out if you have any trouble. Best, [NAME] Company administrator Example A Example B Which one is AI-generated? Which one is written by a human? 30% correct written by human 46% correct written by AI
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Over the last 6 years the number of phishing attacks has increased by more than 150% yearly. 4 © 2026 Yubico
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Fake login page Username + Password 2 Login successful on fake site … seconds later 6 Agentic AI leveraged by the attacker Credentials 3 Client web portal Authentication 4 Attacker successfully logs into real site 7 Victims at scale 1 5 Out of band ● SMS text ● Time based one time password ● Mobile push How fake login page defeats legacy MFA 5 © 2026 Yubico
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6 Results of YubiKey deployment versus OTP phone app 0 Account takeovers 4x Faster to login 92 Support reduction % 50 In ROI+m Risk of account takeovers 350,000 hijacking attempts Passkey (security key) case study Security Keys: Practical Cryptographic Second Factors for the Modern Web, 2016 © 2026 Yubico
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Fake login page Username + Password 2 Victim 1 AI agent leveraged by the attacker Credentials 3 Client web portal Browser asks user for FIDO authentication Authentication 4 AI-based cyber attacks stopped at massive scale 6 Human action not invoked. Attacker does not have authenticator with FIDO credential 5 Unsuccessful login by attacker 7 Modern MFA via Hardware Passkeys 7 © 2026 Yubico
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Yubico – Discovery & Solutions Overview Trusted Brands Trust Yubico 8 © 2026 Yubico
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9 Curious about what a YubiKey does? Ever wondered what exactly a YubiKey is and how it works? Wonder no more – in this video, we break it down to the basics. No more reaching for your phone to open an app, or memorizing and typing in a code – simply touch the YubiKey to verify and you’re in. Once an app or service is verified, it can stay trusted. It’s that easy. To stop modern threats you must have modern phishing-resistant authentication. The YubiKey is hardware authentication reimagined. Learn more at https://www.yubi.co/ © 2026 Yubico
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Top Five Industries - Bookings Bookings of Top 5 Industries More Balanced in 2025 10 © 2026 Yubico
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Bookings Growing 11 © 2026 Yubico with 15% CAGR, YaaS Accelerating CAGR 2022-2025 Q3 LTM Total 15% YaaS 27% Perpetual 13% CAGR 2022-2025 Q3 LTM Total 15% YaaS 27% Perpetual 13% 95% 18% 82% 18% 82% 17% 83% 92% 15% 85% 14% 86% 19% 81% 18% 82% 21% 79% 15% 85% 19% 81% 11% 89% 32% 68% 17% 83% Orders Bookings (Total Contract Value), Q1 22–Q3 25, SEK Millions 5% 8% 15% CAGR
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Order Booking Quarter-on-Quarter Depends on Timing of Large Orders Orders Bookings (Total Contract Value) By Deal Size, Q1 22 - Q3 25, SEK Millions 12 © 2026 Yubico
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Net Sales Growing with 14% CAGR, YaaS Accelerating Net sales, Q1 22 - Q3 25, SEK Millions 13 © 2026 Yubico© 2026 Yubico CAGR 2022-2025 Q3 LTM Total 14% YaaS 33% Perpetual 12% Long-Term Financial target* 25% * Set in 2024 and apply for the next five years 94% 6% 9% 91% 8% 92% 11% 89% 11% 89% 13% 87% 14% 86% 13% 87% 11% 89% 10% 90% 12% 88% 12% 88% 13% 87% 16% 84% 16% 84%
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Digital Identity Market is Bigger and Growing Faster Source: IDC, Market Insights on Advanced Authentication, Fortune Business, Imarc Group, Grand view Research DIGITAL IDENTITY USD ~45 bn IAM USD 19.3 bn AA USD 5.2 bn 14 © 2026 Yubico
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Thank you 15 © 2026 Yubico