VANCOUVER, BC, June 9, 2022 /CNW/ – CycurID Technologies Ltd. announces the launch of its exclusive enterprise-level passwordless login and 2-factor authentication (2FA) solutions at an affordable price for businesses in all industries.
Gord Jessop, Co-Founder and COO of CycurID, said, “Standard 2FA protocols, which many companies rely on, are not foolproof. The problem is not with 2FA itself. , but the surrounding ecosystem it exists in. A hacker can break any of the links in the 2FA process (whether in the account recovery process, trusted devices, or operator account under -underlying) to compromise the account.”
Standard 2FA is not an identity authentication process, but rather a device authenticator. It is based on the assumption that the authenticated owner of the device is the person using it, which is not always the case. In fact, the less An effective method of deploying a 2FA solution is to combine your user ID/password with an SMS text message to your phone, and unfortunately this is the process that most 2FA solutions use.
Instead of creating a patchwork of small fixes to fix these issues, CycurID tackles the root issues. CycurID combines security and convenience and does not compromise consumer privacy, all in a frictionless authentication and verification solution that scales easily.
“At CycurID, we believe the customer authentication process shouldn’t be a cash flow killer,” Jessop said. “With our solution, companies do not have to invest in additional hardware or cloud servers to deploy an effective 2FA solution. Our solution requires simple API integration; it is platform independent, free to install and our basic plan is free for businesses with opportunities to upgrade to more advanced features.”
For more information on CycurID’s full suite of identity solutions, visit our corporate website https://cycurid.com or contact us through our contact page here.
No offer or solicitation. This press release does not constitute a solicitation of proxy, consent or authorization with respect to any security or with respect to the proposed business combination. This press release also does not constitute an offer to sell or the solicitation of an offer to buy securities, and there will be no sale of securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
CycurID Technologies Ltd is a private developer of personal identity management and security software based in Vancouver, British Columbia. CycurIDMT (pronounced “Secure ID”) has developed proprietary, patent-pending identity and privacy management software that is available through its imme consumer app.MT (pronounced I am me). CycurIDMT is registered with the Chamber of Commerce, Better Business Bureau, WorkSafe BC and FINTRAC as a Money Services Business (MSB). CycurIDMT and meMT are registered trademarks of CycurID Technologies Ltd.
Caution Regarding Forward-Looking Information
This press release includes certain statements that may be considered “forward-looking statements”. All statements contained in this release, other than statements of historical fact, that address events or developments that the Company expects to occur, are forward-looking statements, including, without limitation, the growth and expected successes of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”. , “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “could”, “might” or “should” occur. Although the Company believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and actual results may differ materially from those contained in the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include regulatory actions, market prices and the continued availability of capital and financing, as well as general economic, market or Business. Investors are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management as of the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates, opinions or other factors should change.
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SOURCE CycurID Technologies Ltd.
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