Pronto and Forticode partner up on smartphone authentication
Pronto Software has partnered with and invested in Forticode to provide highly secure smartphone-based authentication for Australian businesses.
With data breach disclosure laws recently coming into effect in Australia, providing secured access to business applications and customer data is a top priority for most businesses.
Rather than transmitting usernames and passwords over a network, Forticode’s flagship solution, Cipherise, allows the user’s credentials to be stored securely on their smartphone — and never shared. This eliminates the need for convoluted authentication processes with multiple passwords that users often struggle to remember and end up storing unsafely.
“Cipherise helps achieve the seemingly impossible feat of bringing both simplicity and enhanced security to the authentication we offer our customers,” said Chad Gates, managing director at Pronto Software.
“This is crucial because a user-friendly yet secure authentication method encourages higher adoption rates — cutting off risky cybersecurity practices. Moreover, the decentralised approach of Cipherise removes the large honeypot of user names and passwords businesses typically hold. This makes the organisation less attractive to hackers.”
Tony Smales, CEO at Forticode, said, “The risk of a data breach consistently ranks as a top concern for cloud-based businesses, and Cipherise was developed to directly respond to this. Insufficient credential and authorisation management to cloud-based data is a concerning gateway for intruders. Our solution meets a critical market need for Australian businesses as they become increasingly fearful of hackers, and seeks best-of-breed tools in light of new legislative laws taking effect here and, soon, overseas.”
The Victorian Government is supportive of the new partnership.
“Victoria is already Australia’s cybersecurity capital, so we’re delighted to see two great companies in Pronto and Forticode come together here in Victoria and further strengthen our cybersecurity sector. We wish them every success in their new partnership,” said Philip Dalidakis, Minister for Innovation and the Digital Economy.
Throughout 2018, Pronto Software’s research and development team will be working closely with Forticode to further develop and integrate Cipherise into its cloud-based customer solutions.
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