SOURCE: MIRACL

MIRACL

October 19, 2016 08:00 ET

MIRACL Enables Security Solution and Managed Service Providers to Meet Strong Authentication Needs of Businesses in Regulated Industries

New Service Adopted by NTT Software to Expand Offerings While Eliminating Largest Security Threat to Enterprise Customers in Digital Businesses (The Password Database)

TOKYO, JAPAN and LONDON, UNITED KINGDOM--(Marketwired - October 19, 2016) - MIRACL, a leading internet cyber-security company, announced today the launch of NTT Software as a Global Distribution Partner for its Zero-Factor Authentication™ security solution platform.

NTT Software has added to its portfolio MIRACL's world-class security product that can comprehensively address the need for secure and scalable authentication in highly regulated industries such as banking, government, and healthcare. NTT Software's new TrustBind® MFA (multi-factor authentication) is a hosted-cloud service that will allow the company to continue providing the best Identity Management Solutions to security focused enterprise customers.

"At a time when businesses are struggling to stay ahead of the security threats to their digital business, we are disrupting the authentication market by redefining the landscape," says Brian Spector, CEO of MIRACL. "By reversing the current security trend of sending multiple factors across the web for storage in the cloud, we enable our Global Distribution Partners to remove a company's largest threat vector completely: the password database. Our MFA business-in-a-box provides better security across desktop and mobile devices by eliminating the need to store user IDs and passwords entirely. This means that companies in regulated industries will never receive a phone call that their user name and password database has been breached."

"We are pleased to announce that NTT Software has become a Global Distribution Partner with MIRACL, a leading internet cyber-security company, to enhance collaboration for the security business. Password authentication, especially using weak passwords, has become the weakest link in cyber security for all types of companies and organizations. We are convinced that this improvement of collaboration enables us to provide customers with more secure and suitable solutions for their needs," says Kazuhiko Kushima, General Manager, Business Solution Department for NTT Software in Japan.

MIRACL's Zero-Factor Authentication™ Platform Highlights:

  • Out-of-the-box business that allows security solution and managed service providers to immediately deploy a cloud-hosted, white-label authentication service that expands their share of the $4.0 billion user authentication market and immediately capture revenue from current and net new customers.1
  • A cloud-hosted service that provides a simple turnkey implementation process, allowing for full activation within hours and complete customer deployment within a day.
  • Eliminates a company's largest security threat entirely since there is no single point of knowledge or compromise. Delivers better security than current solutions since it does not store user IDs or passwords. Meets the security needs of businesses in regulated industries, allowing Global Distribution Partners to increase revenue and relationships from current and net new customers.
  • Disrupts conventional pricing to extend secure authentication to the millions of customers and partners who power a company's business, for less than the monthly cost of sending SMS messages.

About MIRACL

MIRACL is a leading internet cyber-security company that enables FORTUNE 2000 companies to remove their single largest security threat (the password database) as well as the roadblocks that hold back digital business transformation. MIRACL's Zero-Factor Authentication™ platform does not store passwords or PINs, thereby eliminating the credential theft attacks that organizations face today while enabling the opportunities of tomorrow.

MIRACL is also a co-founder of Apache Milagro (incubating) an open source initiative that enables decentralization technologies to improve security for people, apps and things. All MIRACL source code is made available through the Apache Milagro (incubating) project at milagro.incubator.apache.org.

MIRACL is headquartered in London, with offices in San Francisco, and Tokyo.

To learn more about MIRACL, visit https://www.miracl.com/.

1 "Multi-ˇFactor Authentication (MFA) - A Global Strategic Business Report." September 2015. Global Industry Analysts, Inc.

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