#1Investor Presentation ACQ BURE AB AND YUBICO AB TO MERGE TO FORM A LISTED LEADING GLOBAL AUTHENTICATION PROVIDER April 2023 esc ACQ F1 F2 F3 F4 CIC 511/2 1 2 3 %55 # E E tab Q W E € caps A S D shift Z X IN 4#2Important information The release, publication or distribution of this presentation may, in certain jurisdictions, be restricted by law and persons into whose possession this presentation or any information referred to herein comes should inform themselves about and observe any such restrictions. This presentation is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia, the "United States"), Australia, Canada, Hong Kong, Japan, South Africa or any other jurisdiction where such release, publication or distribution would constitute a violation of the relevant laws or regulations of such jurisdiction. This presentation does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Hong Kong, South Africa or any other jurisdiction in which such offers or sales are unlawful (the "Excluded Territories"). The securities referred to in this presentation have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or under the securities laws of any state of the United States, and may not be offered, sold, resold or delivered, directly or indirectly, in or into the United States absent registration except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. Subject to certain limited exceptions, the securities referred to in this presentation are being offered and sold only outside the United States. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. In addition, the securities issued in connection with the offering have not been and will not be registered under any applicable securities laws of any state, province, territory, county or jurisdiction of the other Excluded Territories. Accordingly, such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in or into the Excluded Territories or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction. Further details of which U.S. and other holders of Yubico shares are eligible to receive ACQ shares in the merger, and the procedural steps required to be taken by such persons in order to receive such shares, as well as the procedures for those U.S. and other holders of Yubico shares who do not so qualify to receive ACQ shares, will be delivered to the relevant holders. The ACQ shares are not listed on a U.S. securities exchange and ACQ is not subject to the periodic reporting requirements of the U.S. Securities Exchange Act of 1934, as amended (the "U.S. Exchange Act"), and is not required to, and does not, file any reports with the U.S. Securities and Exchange Commission (the "SEC") thereunder. The ACQ shares have not been and will not be listed on a U.S. securities exchange or quoted on any inter-dealer quotation system in the United States. Neither ACQ nor Yubico intends to take any action to facilitate a market in the ACQ shares in the United States. The Transaction to which this presentation relates is proposed to be effected by means of a statutory merger under Swedish law. This presentation, and any other documents relating to the Transaction, have been, or will be, prepared in accordance with Swedish law, the Swedish Companies Act and Swedish disclosure requirements, format and style, all of which differ from those in the United States. The Transaction is not subject to the tender offer rules or the proxy solicitation rules under U.S. Exchange Act. Accordingly, the Transaction is subject to the disclosure and procedural requirements of, and practices applicable in, Sweden to statutory mergers, which differ from the disclosure and procedural requirements of the U.S. tender offer and proxy solicitation rules. Neither the U.S. Securities and Exchange Commission (SEC) nor any U.S. state securities commission has approved or disapproved the Transaction or the ACQ shares to be issued in connection therewith, passed upon the merits or fairness of the Transaction, or passed any comment upon the adequacy, accuracy or completeness of the disclosure in this presentation. Any representation to the contrary is a criminal offence in the United States. Financial statements, and all financial information that is included in this presentation or any other documents relating to the Transaction, have been or will be prepared in accordance with the Swedish Accounting Standards Board's general advice on consolidated accounting or other reporting standards or accounting practices which may not be comparable to financial statements of companies in the United States or other companies whose financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS), as adopted by the EU or the International Accounting Standards Board (IASB), or generally accepted accounting principles in the United States (US GAAP). The receipt of cash and ACQ shares by U.S. holders of Yubico common shares may be a taxable transaction for U.S. federal income tax purposes and under applicable U.S. state and local, as well as foreign and other, tax laws. Each holder of shares and warrants (including US options) in Yubico is urged to consult their independent professional adviser immediately regarding the tax consequences of the Transaction applicable to them. This presentation is not a prospectus for the purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. In the United Kingdom, this presentation and any other materials in relation to the securities described herein is being distributed only to, and is directed only at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, "qualified investors" (within the meaning of the United Kingdom version of the Prospectus Regulation which is part of United Kingdom law by virtue of the European Union (Withdrawal) Act 2018) and who are (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this presentation and should not act or rely on it. This presentation does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the new securities. Any investment decision to acquire or subscribe for securities in ACQ or Yubico must be made on the basis of all publicly available information relating to ACQ and Yubico and their securities, respectively. Such information has not been independently verified by Skandinaviska Enskilda Banken AB. Skandinaviska Enskilda Banken AB is acting for ACQ in connection with the Transaction and no one else and will not be responsible to anyone other than ACQ for providing the protections afforded to its clients nor for giving advice in relation to the transaction or any other matter referred to herein. This presentation does not constitute an invitation to warrant, subscribe, or otherwise acquire or transfer any securities in any jurisdiction. This presentation does not constitute a recommendation for any investors' decisions regarding the Transaction, ACQ or Yubico. Each investor or potential investor should conduct a self-examination, analysis and evaluation of the business and information described in this presentation and any publicly available information. Forward-looking statements This presentation contains certain forward-looking statements (including the Combined Company guidance). Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although ACQ believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Combined Company's actual results of operations, including the Combined Company's financial condition and liquidity and the development of the industry in which the Combined Company operates, may differ materially from and be more negative than those made in, or suggested by, the forward-looking statements contained in this presentation. Factors, including risks and uncertainties that could cause these differences include, but are not limited to risks associated with implementation of the Combined Company's strategy, risks and uncertainties associated with the Combined Company's ability to develop new services and enhance existing services, the impact of competition, changes in general economy and industry conditions, and legislative, regulatory and political factors. The information, opinions and forward-looking statements contained in this presentation speak only as at its date and are subject to change without notice. ACQ does not undertake any obligation to review, update, confirm or release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this communication.#3ACQ has found a target that ticks all the boxes A Nordic, high-quality and unlisted company with significant potential in a niche market segment Leading market position in a stable and growing market ACQ SPAC listed on Nasdaq Stockholm since March 2021 Superior value proposition and a highly differentiated offering Strong management with extensive experience from the sector 3 Sustainability agenda complying with regulations, that also enhances the value proposition Benefits from Bure's expertise in developing high-tech product companies ACQ#4Yubico is the perfect fit for ACQ - entrepreneur-led company ready for succession Most secure solution to the number #1 security issue 4 Leading position in a niche market with double digit growth Unmatched value proposition combining the highest security with ease of use Exceptional organic growth profile characterized by profitable growth Diversified and unique blue-chip customer base with significant opportunity to continue to expand with current customers Strong management team with extensive sector expertise, ready to execute on growth strategy yubico Nordic cybersecurity pioneer founded in 2007 ACQ#55 Agenda Introduction to Yubico ○ Transaction О ○ Appendix structure y 00 1109 101 101 1010 A 110 0 100 1100 561CKO-0-0-000 0-00 vubico 37 yubi 20 103 10300 101 55400 10111 01 ubiCO 10100#6Yubico in short Problem we solve • . Estimated worldwide spending on authentication c. USD 5bn in 2023 9 out of 10 cybersecurity breaches are caused by employee mistakes (e.g., use of stolen credentials, phishing or misuse) Phishing-resistant multi-factor authentication (MFA; i.e., password + 2nd source of ID) is the best solution to this problem yubico Most secure solution to the number #1 security issue Key figures (2022) SEKI.6bn Net sales 6 Product Hardware authentication token (key) ~50% CAGR ('16-'22)² I | 132% Users Enterprise (focus), SMB' and consumer -390 Employees³ Avg. annual repurchase rate 2017-22 by top 25 customers from the 2017 cohort Services Full enterprise offering Revenue model Perpetual and subscription Source: Company information, IDC Research Not: 1) Small and medium sized businesses; 2) 2016 net revenues are based on Yubico's annual report 2016, 3) As of February 2023 0 # of YubiKeys account takeovers since inception I +22m +80% Gross margin | 15% I I I Subscription share of bookings I I YubiKeys sold since inception | I 19/20 of the largest tech platforms in the US ACQ#7The Yubico journey, solid foundation to continue scale-up Net sales', SEKM 2.000 | 800 1 600 | 400 I 200 1000 yubico START-UP PHASE fido alliance Founded FIDO2 Alliance together with Microsoft and Google SCALE-UP PHASE FIPS by FIPS³ Apple supports YubiKey NIST certification Yubico enterprise subscription offering is launched Launches 5 series and the first password-less YubiKey is founded by 800 Stina and Jakob Signs partnership with Google 600 Ehrensvärd 400 200 0 G 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 7 Source: Company information Notes: 1) Historical net sales based on Yubico annual reports; 2) Fast IDentity Online (FIDO); 3) Federal Information Processing Standard (FIPS)#8Strong hardware MFA-solution complemented by full suite service offering Authentication method where the user provides two (2FA) or more (MFA) types of identification ***** Yubico's range of hardware MFA products offers flexibility Protection for online accounts; email logins, online services, applications, computers and physical spaces Complemented with services - transition to subscription model Delivery service & inventory management Something you KNOW a PIN or a password Other user Enter PIN (or password) Something you HAVE a physical device Something you ARE such as biometrics YubiKey (core products) Protection for servers, applications and computing YubiHSM devices yubico Touch or tap YubiKey Use once YubiHSM 2 FIPS 7 487 699 8 Source: Company information YUBIENTERPRISE LAUNCHED 2020 - 3-YEAR TERM SUBSCRIPTION MODEL Professional service Enterprise portal ☐ Developer tools#9LEVEL OF SECUIRTY Superior value proposition and highly differentiated authentication solutions Highest level of security and ease of use... Phishing-resistant technologies ...confirmed by the Google case study - 100% account protection with YubiKeys SMART CARD Multi-factor technologies such as soft tokens OTPI TOKEN PUSH APP PHONE CALL EMAIL SMS CODE EASE OF USE Highly differentiated product compared to competitive technologies 9 Source: Company information Notes: 1) One-time password (OTP) Results Situation Study Google had issues with employee accounts being hacked and locked out After a 2-year evaluation of authentication methods, Google confirmed FIDO U2F Security Keys were best suited to deliver on the company's security and usability needs Key results; higher security, ease of use, increased flexibility and cost savings. Following the study, YubiKeys became mandatory for all employees 0 0 Account takeovers Account lockouts 4x Faster login 92% Support reduction#10Four areas of unique differentiation 10 World class innovator • Core inventor behind open standards FIDO2, WebAuthn . Thought leadership through defining best practices • Extensive portfolio of proprietary technologies, including patents, to • continue to stay many years ahead of competition Superior hardware and firmware • Most feature-rich, easy-to-use, durable, and secure authentication device on the market • Proprietary firmware developed by industry experts • Highly secure specialized hardware to minimize the attack surface • Durable and sleek hardware that can last for years • Multi-protocol support that can be integrated within existing systems, and provide compatibility across many devices • • Fully controlled secure supply chain at scale Manufacturing, testing, provisioning, and order shipment all handled in-house Ability to build the product to Yubico's exact specification Custom-built tools and software for maximum control and security . Sensitive data only handled securely, in Yubico's facilities . Ability to scale production to meet demand • • Enterprise enablement Ecosystem with 800+ partner integrations Subscription service with fast rollouts, replacements for lost keys and flexible tiers Custom programming for pre-configuration of devices Open source SDKs to enable custom development and provisioning#11Unique customer base - trusted by global market leaders Tried and tested by the blue-chips Google amazon Microsoft salesforce Continuously landing new key accounts... ...and expanding with current accounts 2.2x 132% 26% Avg. annual repurchase rate 2017-22 ebay 12% * Dropbox okta twitter 2018 2022 2017 2022 dyson NOVARTIS kry Pingidentity. HYATT coinbase ** GOV.UK A ATLASSIAN citrix Schneider Electric Yubico's presence among G2000 companies CERN ...and diversifying across verticals Bookings (SEKm) in 2017 and 2022 from the top 25 customers from 2017 ...with a clear go-to-market strategy THE SATHE S STATE TE OF WAS I INGTON WASHINGT 1889 2018 Net sales per segment 2022 Build accounts from a smaller group of influential privileged users Net sales per segment 2 Expand from the initial footprint to other user groups and use-cases Figma Duke Selection of customers UNIVERSITY ■ Tech Financial services, manufacturing, telecom, ■ Other media and entertainment, government, retail, transport, energy and other 3 Easy access of buying keys simplifies the decision process and deployment of additional keys || Source: Company information#12MFA is a core feature of the identity and access management (IAM) ecosystem Advanced authentication is a substantial niche segment of the IAM market (2023E size) Users IAM' market (~$19bn) Resources Yubico has established a vast partnership network ENTRUST Windows axiad HID Linux Identity mgmt. ($9bn) GitLab CMS³ STRONGKEY Employees Adv. authentication ($5bn) More secure digital ID verification, e.g., multi-factor authentication GitHub Applications Microsoft Dropbox Business Fastmail Developer and encryption tools Online services Computer log in Remote access & VPN4 IAM! Partners Platforms Privileged access Password mgmt. Identity governance ($2bn) Contractors Data sources Customers Physical assets Privileged access mgmt. ($2bn) 12 Source: Company information; IDC Research CIAM² ($2bn) . . Kraken Beyond Trust Centrify COMPOSE LastPass.. KEEPER PSONO roh s IT security with a KEY in hand £5 CISCO okta RSA nok nök Yubico's extensive network of +800 partner integrations allows for scalability, ease of deployment and co-selling / marketing YubiKeys comply with government regulations (CSPN, DFARS, FIPS, GDPR, PSD2) and are leading open authentication standards (FIDO, OATH, PIV, W3C) Notes: 1) Identity and access management (IAM) excludes "Legacy" solutions of c. USD 0.2bn; 2) Consumer identity and access management (CIAM); 3) Content management system (CMS); 4) Virtual private network (VPN)#13Attractive market trends support long-term growth opportunity Global market trends... G iiii Increasing sophisticated cyber threats - hackers are able to bypass traditional network firewall-based security controls, regular email, mobile text message spam and phishing filters Cloud shift has accelerated Zero trust framework - increasing requirements for strong authentication Increasing regulatory requirements drive adoption of IAM' tools – e.g., new White House executive order requires all US Federal agencies to use phishing-resistant MFA ...drive double-digit market growth Global advanced authentication market, USDbn CAGR 2021-27: 13.6% p.a. 7,2 6,5 5,8 5,2 4,5 Increasing shift to advanced authentication in workforce - rolled out to the full workforce, often including partners, contractors and customers' customers 3,9 3,3 2,9 Shifting login models towards user experience and passwordless - companies are independently exploring new login models IT security is vital for long-term sustainable growth for companies, e.g., UN sustainable development goal #92 2020 2021 2022E 2023E 2024E 2025E 2026E 2027E 13 Source: Company information, IDC Research Notes: 1) Identity Access Management (IAM); 2) United Nation's sustainable development goal #9: Sustainable industry, innovation and infrastructure#14Exceptional organic growth profile Strong net sales growth and highly attractive gross margins Net sales' (SEKm) and gross profit margin (%) Returning to profitability after heavily R&D/growth investing EBIT (SEKm) and EBIT margin (%) Increasing annual recurring revenue (ARR) Annual recurring revenue',2 (SEKm) 50% p.a. 1 561 20% 215 14% 4% 84% 88% 86% 82% 84% 1% 28 75% 70% 8 3 867 (8%) 606 542 379 232 142 (67) 61 (30%) (161) (38%) (230) '16 '17 '18 '19 '20 '21 '22 '16 '17 '18 '19 '20 '21 '22 14 Source: Company information 3.4x 205 109 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Notes: 1) Key financial information presented herein comprises selected key performance indicators for Yubico, extracted both from Yubico's historical financial statements and internal accounting systems that have not been audited. Re-stated personnel expenses 2020 to 2022 while 2016 to 2019 personnel expenses based on reported financials (not re-stated); 2) ARR defined as annualized contract value related to subscriptions as of the end of the reporting period#15Growth through proven land and expand strategy and by entering authentication adjacencies ...to continue to expand through primarily four strategic growth initiatives Enter new authentication Leverage unique competitive capabilities... Blue-chip customer base Scalable sales model World class innovator Extensive partner network Expand current customer base Expand with current customers, through e.g., new users and use cases Expand to customers' customers and 3rd party suppliers Protecting end-users (B2B2C), and a requirement for suppliers to secure value chain adjacencies Land new customers in all verticals Land new customers within existing industry verticals, and grow into new verticals Through e.g., R&D and selective M&A Leverage partner ecosystem, and sell- through partnerships Industry tailwinds (cloud migration, digital transformation, regulatory change, etc..) – double-digit market growth Continuing increase of subscription model 15 Source: Company information#16Strong management team and solid organization setup - ready to execute on growth opportunities Highly experienced management team with deep industry knowledge... ...and an organization set up for growth Mattias Danielsson Chief Executive Officer accenture ebay Avito TRADERA Camilla Öberg Chief Financial Officer logica be brillant together XVIVO INSTALCO Stina Ehrensvärd Chief Evangelist Jakob Ehrensvärd Chief Innovation Officer & Co-Founder & Co-Founder yubico yubico Ronnie Manning Chief Marketing Officer Edelman websense 16 Source: Company information Emanuela Todaro Henrik Lejdeborn General Counsel Chief People Officer *** ebay truecaller CISCO TRADERA Christopher Harrell Chief Technology Officer yahoo! Notes: 1) Engineering, Product, Security & Infrastructure and Solutions; 2) Operations and Supply chain; 3) Finance, Legal and People Support functions³ Operations² ~390 employees Feb-2023 Jerrod Chong President & Chief Operating Officer CHECK POINT Sales & marketing Germany & Other UK Tech Hung Truong Sweden Chief Engineering ~390 employees Feb-2023 Officer utimaco hp USA MICRO FOCUS#17Clear financial roadmap - overview of financial targets 17 میرا Target Growth • Long-term financial goals (within 5 years) Targets annual growth in bookings (order intake) of 25% on average $ • Profitability Targets 20% EBIT margin Dividend policy • For the foreseeable future, the board of Yubico will primarily use generated cash flows for the company's continued expansion#1818 Agenda ○ Introduction to Yubico Transaction structure О ○ Appendix y 00 1109 101 101 1010 1100 561CKO-0-0-000 vubico 110 0 100 0-00 A 37 yubi 20 103 10300 101 10100 ubiCO 55400 10111 01#19Preliminary transaction structure 19 . • Pre-transaction Yubico's pre-money valuation of USD 800m (c. SEK 8.3bn²) Pre-money valuation of Yubico's common shares of SEK 494 per share ACQ SPAC funds of c. SEK 3.5bn as of 14 April 2023 . • ACQ acquires Yubico through merger Consideration consisting of 42% cash (SEK 208 per Yubico share) and 58% shares (2.9 ACQ shares per Yubico share) The majority of Yubico shareholders to remain shareholders, incl. founders and all institutional investors • The combined company is expected to have a strong financial position • • Post transaction structure Listed at Nasdaq First North Growth Market with the ambition to change to Nasdaq Main Market within 12-18 months ACQ owners will hold c. 40% of the shares. Co-founders will hold c. 10% and Bure c. 17% in the combined company Estimated Yubico's post-money valuation³ of c. SEK 8.6bn yubico ACQ yubico + ACQ NASDAQ OMX® FIRSTNORTH yubico Notes: 1) The valuation of the company before any new cash from investors has been injected; 2) USD/SEK FX rate of 10.37 per average FX-rate during 11-14 April, 2023; 3) The valuation of the company after new cash from investors has been injected which is dependent e.g. on strike subscription from current option holders#20Next steps 20 19 April 20 June September Merger announced EGM Closing#2121 Agenda Introduction to Yubico ○ Transaction structure Appendix y 00 1109 101 101 1010 A 110 0 100 1100 561CKO-0-0-000 vubico 0-00 37 yubi 20 103 10300 101 10100 ubiCO 55400 10111 01#22Business model overview - catering for all market segments Key terms . Business models Perpetual Upfront payment to purchase YubiKeys, HSMs and services Ownership of asset • 15% Subscription Multi-year terms (3/4/5 years), paid annually or upfront Hardware as a service, ownership stays with Yubico SEK 1,584m Order bookings 2022 ■Subscription share of bookings • Predictable cost over time Benefits One time budget, no hidden cost . Flexible for changing needs for customers • Capex investment • Access to new products and services • Opex purchase Implications for Yubico Upfront cash payment No long-term customer commitment Fast transactional business (simple proposition) Customer segments 22 9% . Predictable revenue - phasing over contract length • Deeper customer relationship • More complex sales but higher revenue Majority of total cost incurred first year SEK 1,561m Net sales 2022 • Consumers, prosumers, SMB, enterprises • Medium and large enterprises, US public sector Source: Company information ■Subscription share of net sales#23Glossary Advanced authentication FIDO2 Advanced authentication includes sophisticated methods of authenticating a user and comprises solutions such as hardware tokens supporting any sort of plug or proximity networking protocols, software tokens stored in a computer security chip or a smart device enclave FIDO2 is an open authentication standard, hosted by the FIDO Alliance, and offers strong single factor (passwordless), two factor, and multi-factor authentication. With these new capabilities, the YubiKey enables the replacement of weak username/password credentials with strong hardware-backed cryptographic key pair credentials Fast IDentity online (FIDO) The FIDO Alliance is an open industry association launched 2013 whose mission is to develop and promote authentication standards that help reduce the world's over-reliance on passwords. The FIDO alliance has more than 250 members and Yubico is a co-founder together with Microsoft and Google Alliance Federal Information Processing Standard (FIPS) Hardware security module (HSM) Identity and access management (IAM) Multi-factor authentication (MFA) Smart card WebAuthn 23 Source: Company information The Federal Information Processing Standard Publication is a US government computer security standard used to approve cryptographic modules and is recognized by the US and Canada, as well as the EU An HSM is a secure physical device, typically plugged into a computer, that is used to protect server environments and the cryptographic keys stored on those servers IAM is an important series of cybersecurity controls for companies and authorities to protect their customers and employees from phishing attacks and stolen credentials. IAM tools manage the security of login methods, user accounts and permissions to ensure that only authorized individuals have access to sensitive information and data Multi-factor is an electronic authentication method in which a user is granted access to a website or application only after successfully presenting two or more pieces of evidence (or factors) to an authentication mechanism: knowledge (something only the user knows), possession (something only the user has), and inherence (something only the user is) A smart card is a physical card that has an embedded integrated chip that acts as a security token. Smart cards are typically the same size as a driver's license or credit card and can be made out of metal or plastic. Hardware security keys can also act as a smart card with simplified deployment WebAuthn is a global standard for secure authentication on the web supported by all leading browsers and platforms which make it very easy for a relying party, such as a web service, to integrate strong authentication into applications using support built into all leading browsers and platforms