PasswordBox, a provider of a cross-platform identity management service that gives users a way to log into all of their websites and applications from any device without having to type or remember passwords, will now integrate into Intel after the IT giant acquired the firm.
PasswordBox will become a part of the Safe Identity organization within Intel Security Group. The goal of the Safe Identity organization is to deliver solutions that reduce the pain of passwords, simplify and strengthen security, and provide consumers with easy access to their digital lives.
Secure passwords are essential to protecting sensitive personal data. According to a recent report by Deloitte, more than 90 percent of user-generated passwords are vulnerable to hacking, citing the 10,000 most common passwords could access close to 98 percent of all accounts.
Last year, Experian found the average user had 26 password-protected online accounts but used only five different passwords. In fact, nearly 37 percent of users have asked for assistance on their username or password for at least one website per month. Intel Security wants to eliminate that issue with its deal for PasswordBox.
“Everyone can relate to password fatigue,” said Chris Young, senior vice president and general manager of Intel Security Group. “The PasswordBox service has already brought relief to millions of consumers who now enjoy simple, instant login. Intel Security and PasswordBox share the same goal of improving digital identity protection across all devices and platforms. We believe we have the technology, expertise and reach to bring simple, secure access to consumers worldwide.”
Intel Security will incorporate PasswordBox’s current and future technologies to deliver benefits to consumers:
• Reduced password fatigue – PasswordBox’s solution utilizes one of the most accurate form fillers on the market, with patent-pending one-tap (on mobile devices) and one-click (in browsers) login to simply and seamlessly provide secure access from any consumer device.
• Security simplified –Intel Security will incorporate the PasswordBox solution with new, user-friendly authentication technologies that enable users to get the benefit of improved security in a manner that is simple to set up and use.
“PasswordBox has spent the last two years building a product that people love, trust and use around the world every day,” said Daniel Robichaud, chief executive and co-founder of PasswordBox. “We share Intel Security’s vision of simple, secure access and identity protection across all platforms and devices.”