Product News
BioPassword Becomes AdmitOne Security
Reflecting Its Leadership in Risk-Based Authentication for the Web
BioPassword Becomes AdmitOne Security Reflecting Its Leadership in Risk-Based Authentication for the Web
Innovator of Keystroke Dynamics Evolves Corporate Strategy to Deliver Range of Risk-Based Authentication Solutions to Prevent Consumer and Corporate Fraud
Seattle—April 21, 2008 - AdmitOne Security , (formerly BioPassword), the leading innovator of risk-based authentication software for preventing the fraudulent use of digital identities, today unveiled its new name and broader solution strategy to reduce enterprise risk while preserving the online experience. Through the strength of its unique factors for verifying a user over the Web, AdmitOne will provide the benefit of a familiar user experience with unmatched fraud prevention.
"Businesses today are faced with a serious dilemma. To combat more pernicious threats to information security, more effective and more secure authentication of external users has become a risk management priority as well as a regulatory mandate. At the same time, traditional approaches to more secure authentication have become increasingly cumbersome, for businesses and their customers alike," said Scott Crawford, research director at Enterprise Management Associates. "AdmitOne's distinctive multifactor authentication solution introduces an approach that is both non-intrusive as well as highly effective for more reliably authenticating access to sensitive information resources, closing this gap with innovative technology offered at a significantly lower price point than many other approaches."
Outsourcing, customer self-service, and the mobile workforce has created a virtual enterprise that is exposing digital identities to Web-based attacks, resulting in fraudulent use of sensitive information and degradation of corporate brands. Traditional authentication approaches are not designed to support the scale and complexity of these virtual enterprises. AdmitOne’s risk-based authentication suite provides a layered security approach that uses multiple factors to score the confidence level of a user and their digital identity. With this approach, enterprises can quickly and cost-effectively provide access while maintaining productivity and confidence in its digital identities.
“AdmitOne is capitalizing on our unique technology to respond to the market need for cost-effective, risk-based authentication solutions that can be quickly deployed and easily managed,” said Mark Upson, CEO of AdmitOne Security. “Our strategy has evolved with the requirements of our customers in financial services, healthcare and other regulated industries to have us provide a broader risk platform so they can go with a single solution to meet their requirements.”
About AdmitOne Security
AdmitOne Security (www.admitonesecurity.com), located in Issaquah, Washington, is a venture-backed software company providing risk-based authentication solutions for preventing fraudulent use of digital identities. The AdmitOne Authentication Suite is a unified platform that reduces enterprise risk by linking users to digital identities through a simple, yet powerful, combination of the standard logon credentials and risk assessment of additional in-band factors. The Suite’s ability to verify users through keystroke dynamics provides industry-leading usability and protection compared to other risk-based solutions. AdmitOne’s software-only server-based solution is accurate, secure, scalable to millions of users and immediately deployable across the enterprise and the Internet without changing user procedures.
AdmitOne is currently delivering risk-based authentication for organizations in a variety of industries, including: financial, SaaS providers, government, healthcare, manufacturing, legal and automotive. To learn more, visit our website or contact us at www.admitonesecurity.com or call (425) 649-1100.
AdmitOne Security© is a registered trademark of AdmitOne Security, Inc. All other trademarks and registered trademarks are the property of their respective owners.