A Melbourne company is sandwiching tiny circuits inside credit card-like devices to help everyone from social-media users to high-security businesses combat the rising onslaught of identity theft and fraud.
“This type of technology is an evolutionary step in security because it consolidates multiple accounts on one card,” said 51-year-old Mark Poidomani, CEO of SurePassId. “It combats fraud because it uses information unique to you at a particular time…”
SurePassID (www.surepassid.com), a leading software and hardware security company specializing in two-factor authentication solutions, today announced the immediate availability of one of the first comprehensive Cloud security solutions to verify and protect the identity of users of cloud and on-premises based applications.
User Identification Authentication and Security has become of increased importance both given the growing acceptance of cloud based or on-demand applications like Salesforce.com, Google Apps., and Amazon that reside in the Cloud rather than on a computer or local network. These Cloud service provides are not responsible for the validation or protection of a user’s identity which leaves consumers, financial institutions, enterprises and government agencies vulnerable to cyber-attacks, identity theft and fraud.
“Data breaches cost businesses an estimated $215 per record which can be detrimental to their bottom line given some of the recent large scale breaches”, stated Mark Poidomani, CEO of SurePassID. “We are one of the industry’s first solutions to offer comprehensive Cloud based authentication security that protects the enterprise from fraud, data breaches and identity theft for private, public, hybrid and distributed applications…”