The combination of tighter security and seamless user experience is crucial for the adoption and growth of mobile transactions globally.
Beer Sheva, Israel (PRWEB) March 15, 2016
Secret Double Octopus, a provider of keyless secure communications, today launched SafeStart for Mobile, a next generation authentication solution that fully conceals the complexity of multi-factor processes for mobile devices. SafeStart enables banks, retailers and cloud service providers to benefit from the robust protection of this type of security, without compromising user experience.
"The combination of tighter security and seamless user experience is crucial for the adoption and growth of mobile transactions globally,” said Raz Rafaeli, CEO of Secret Double Octopus. "With our new mobile authentication solution, service providers can end-run the encryption arms race while streamlining the mobile experience for consumers."
Mobile transactions are entering the mainstream. KPMG estimates that more than a quarter of the world’s population will use mobile banking technology within just four years. Yet growth is negatively affected by security issues and poor user experiences. A recent survey showed that 90% of security experts expect major certificate authority breaches, which can expose millions of users to cyber attacks. Furthermore, many consumers are turned off by multi-factor authentication hurdles, including authentication, SMS, emails and additional password requests.
SafeStart for Mobile eliminates the need for SMS or email messages, streamlining processes such as device enrollment, one-time-password, transaction approval and password reset. It leverages Secret Double Octopus’s network-centric Secret Sharing technology to raise the bar of network security to ‘information-theoretically secure’, i.e. making it unbreakable according to information theory. SafeStart for Mobile protects mobile apps from man-in-the-middle, phishing and brute force attacks.
Major companies have already partnered with Secret Double Octopus to incorporate its technology into their IT infrastructure and further secure their networks. For more information, visit http://www.doubleoctopus.com
About Secret Double Octopus
Secret Double Octopus mitigates risks such as eavesdropping, encryption hacks, man in the middle and brute force attacks by implementing a solution that secures network traffic and authentication beyond the limitations of PKI, SSL and VPN. The company helps site-to-site, site-to-cloud, mobile and IoT initiatives overcome the security vulnerabilities of today’s security and encryption protocols. The approach employs secret sharing, providing protection that information theory has postulated as unbreakable.
Founded in Israel by a seasoned leadership team with more than 100 years’ combined academic and industry experience across networking, information security, and computer science, the company is backed by JVP, one of the security industry’s most prestigious VC firms. Secret Double Octopus is based in Israel’s cyber-security center of excellence in Beer Sheva. For more information, visit http://www.doubleoctopus.com