PasswordBox

PasswordBox
The FIDO Alliance

The FIDO Alliance

March 27, 2014 09:00 ET

PasswordBox® Joins the FIDO Alliance to Help Eliminate the Password, Increase Privacy, and Improve Online Authentication

PasswordBox partners with Google, MasterCard, Synaptics, Microsoft, Paypal and others to streamline simpler, stronger authentication

SAN FRANCISCO, CALIFORNIA--(Marketwired - March 27, 2014) - PasswordBox, the only ubiquitous password manager, today announced that it has joined the FIDO (Fast IDentity Online) Alliance, (http://www.fidoalliance.org), to reduce the reliance on passwords, while supporting the adoption of emerging authentication technologies across all devices.

"PasswordBox brings unique technologies to the FIDO Alliance that will help users to transition from passwords to FIDO enabled online properties. A transparent solution that is in-line with user choices and service providers' level of integration with new forms of authentication reduces friction and can promote widespread adoption of FIDO authentication," says Sebastien Taveau, Chief Evangelist, BPD, at Synaptics.

According to the 2013 Norton Report, many consumers are making a conscious decision to trade their safety for convenience; many more are unaware that they're making the same trade. FIDO standards for strong authentication have mass appeal to consumers who must have authentication that is both easy-to-use and secure, without compromising either.

"In the coming months, consumers will be stuck in a position where their devices, online accounts, and digital identities all rely on different methods of authentication such as biometrics, two-factor authentication, and passwords," says Daniel Robichaud, CEO of PasswordBox. "This is a complicated problem and where we see PasswordBox bringing the most value to the FIDO Alliance. By using our advanced machine learning technology and federated identity management solution we will be able to help people simply authenticate themselves across all platforms - no matter how quickly vendors and web providers commit to the new FIDO Standard."

FIDO members commit to share technology and collaborate to deliver open specifications for universal strong authentication that enables FIDO-compliant authentication methods to be interoperable, more secure and private, and easier to use. PasswordBox will work with the FIDO Alliance to create simpler, stronger authentication solutions and reduce online fraud and safeguard personal data, transactions and identities.

PasswordBox is delighted to be working hand-in-hand with this elite group and looks forward to helping make your digital identity simple, and secure once again.

About PasswordBox

Award-winning PasswordBox is the only digital life manager that logs you in instantly to your favorite websites and apps without having to type in, or even memorize, your passwords. Collaborate with secure password sharing, for personal and business purposes. Create encrypted notes while keeping track of credit cards, passports and other sensitive personal data in your digital wallet, and care for your digital legacy even after you're gone by passing it on to someone you trust with Legacy Locker. We support all major browsers and devices, so PasswordBox users can access their data anytime and anywhere. For more info, please visit: http://www.passwordbox.com.

About The FIDO Alliance

The FIDO (Fast IDentity Online) Alliance, 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.

The FIDO Alliance Board of Directors includes leading global organizations: Bank of America Corporation (NYSE:BAC); BlackBerry®; CrucialTec (KRX:114120); Discover Financial Services (NYSE:DFS); Google; IdentityX; Lenovo; MasterCard (NYSE:MA); Microsoft (NASDAQ:MSFT); Nok Nok Labs, Inc.; NXP Semiconductors N.V. (NASDAQ:NXPI); Oberthur Technologies OT; PayPal (NASDAQ:EBAY); RSA®; Synaptics (NASDAQ:SYNA); Yubico.

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