Unbound Tech Launches Solution Addressing Need For Password-Free Securitybr>
Cryptographic key management and protection firm Unbound Tech has announced the advancement of an endpoint security solution that removes dependence on traditional authentication methods.
Founded in 2014, Unbound Tech equips companies with a software solution that protects secrets such as cryptographic keys, credentials or other private data by ensuring they never exist anywhere in complete form. The firm’s Unbound Distributed Trust Platform is using secure multiparty computation to ensure secrets are always split into multiple shares and thereby eliminate any single point of compromise.
The company’s Crypto-of-Things (CoT) solution enables businesses to manage cryptographic keys on all devices, securing any key, anywhere, at any time – serving the needs of professionals in a device-driven world.
“Now, businesses relying on hardware tokens, software tokens, and passwords can secure high-risk operations and authenticate transaction approvals without the typical security, usability, and cost trade-offs associated with those methods,” Unbound said. “Businesses appreciate Unbound’s security and cost effectiveness, as it streamlines authentication and transaction approvals for a completely passwordless experience.”
Multi-factor authentication is a fairly secure practice, but it isn’t without fault – and fails to meet the fast changing needs of the global economy. Software-only platforms tend to lack necessary security for success, whereas hardware often presents various user experience and operations issues. The ideal solution blends the best of both worlds. Unbound claims that its solution provides the highest degree of security for all types of devices, reducing the costs associated with multi factor authentication and improving customer experiences.
“Unbound’s CoT leverages our advanced software that seamlessly integrates and leverages a business’s existing security policies, while providing a unified interface with the highest degree of security for all types of devices,” says Unbound Tech’s co-founder and chief executive officer, Professor. Yehuda Lindell. “As we continue to innovate and advance our cryptographic key management platform in support of the expanding needs of the global economy, we remain steadfast in our commitment to deliver the most advanced security in practice that enables organizations to reduce the cost of utilizing multifactor authentication, while improving their customers’ experience.”