Oslo – July 9, 2014 – Encap Security, the mobile authentication specialist, has joined the Fast Identity Online (FIDO) Alliance as an associate member to support the organization’s mission to change the nature of online authentication by reducing reliance on passwords and addressing the lack of interoperability among strong authentication devices.
“Consumers and organizations can no longer use passwords as a defense against hackers and fraudsters. Passwords are prehistoric in terms of authentication and leave everyone vulnerable. Consumers and organizations not only need better, they deserve better from technology providers. With new threats, more frequent attacks and bigger breaches, we need a unified response, an industry response,” said Adam Dolby, Vice President of Business Development at Encap Security. “The FIDO Alliance brings the industry together to raise awareness of the enormous challenges around online authentication. Critically, it is helping to build standards. And we need standards to ensure the sustainability and utility of authentication both today and into the future. This is why the FIDO Alliance is so important and why we’re proud to be a part of it.”
“We are excited to welcome our newest associate member Encap Security,” said Michael Barrett, FIDO Alliance president. “The FIDO vision of universal strong authentication promises better security, enhanced privacy, more commerce and expansion of services throughout digital industries. Encap Security’s addition to our Alliance supports our industry goal to make user authentication easier and safer for all parties.”
About Encap Security
Encap Security is the only dedicated software-based banking-grade authentication platform provider. It offers simple-to-use and deploys multi-factor authentication and digital signing for the banking and enterprise sectors. Encap turns any personal device into a security credential removing the need for cumbersome and costly SMS codes and hardware such as tokens and SIM-cards. Encap Security makes the step from username and password to convenient multi-factor security hassle-free. Encap Security makes authentication simple for users, and enables innovation, reduces risk and drives service adoption for organizations. Based in Oslo, Norway, and Palo Alto, USA, Encap Security’s world-class management team has an unrivaled pedigree in mobile banking, finance, enterprise and remote access security. The patented Encap Security Smarter Authentication solution is used by major banking institutions, enterprises and technology integrators.
About The FIDO Alliance
The FIDO (Fast IDentity Online) Alliance, http://www.fidoalliance.org, was formed in July 2012 to address the lack of interoperability among strong authentication technologies, and remedy the problems users face with creating and remembering multiple usernames and passwords. The Alliance plans to change the nature of authentication by developing standards-based specifications for simpler, stronger authentication that define an open, scalable, interoperable set of mechanisms that reduce reliance on passwords. FIDO authentication is stronger, private, and easier to use when authenticating to online services.
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