BOULDER, Colo., Aug. 21, 2018 /PRNewswire/ -- PasswordPing, a leading provider of cyber security authentication solutions, has been selected to demo at FinovateFall 2018, Sept. 24-27, 2018 at the Marriott Marquis Times Square in New York City.
PasswordPing helps organizations prevent attacks from compromised credentials in real time by checking each login against billions of previously exposed username and password combinations that are available on the internet and dark web.
Billions of compromised user credentials are circulated on the public Internet and Dark Web. Unfortunately, because most people reuse their passwords across sites, cybercriminals can obtain username and password combinations from previous data breaches that will be valid in your environment. PasswordPing provides a simple, NIST 800-63 compliant, solution for organizations to solve this problem using the same approach applied by the leading technology companies, without the risk of cracking passwords.
"We are honored that we were selected to demo at FinovateFall," said Mike C. Wilson, CTO of PasswordPing. "Financial Services is particularly vulnerable to account takeover, credential stuffing and fraud. It is estimated that the consumer banking industry faces over $50 million per day in potential losses from cyberattacks and online transaction fraud will double to $25 billion by 2020. Since the majority of the attacks are sourced from compromised credentials and credential stuffing, it reinforces the need for financial services to leverage unique methods of authentication protection-- including compromised credential screening, which is a threat due to rampant password reuse."
PasswordPing makes it simple to overcome this obvious security gap. It works for any environment that uses the password layer for protection, it complements multi-factor authentication models, there are no false positives, it is easily updated with the latest exposure data to ensure protection immediately as soon as a new breach data is indexed and there is no other hardware required to implement it. Many PasswordPing customers have it implemented within a few days and are pleased with how easy it is to make their authentication process more robust at preventing account takeover.
About FinovateFall:
FinovateFall is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in New York, the event offers an insight-packed glimpse into the future of money via a fast-paced, intimate, and unique format. The event is organized by The Finovate Group. For more information on the event or to view videos of previous demo, please visit finovate.com.
About PasswordPing:
PasswordPing's innovative compromised credential and breach notification services were created to protect corporate networks and consumer websites from unauthorized access and fraud. PasswordPing helps organizations screen user accounts for known, compromised credentials so they can block unauthorized authentication. PasswordPing Ltd. is a cash-positive, privately held company based in Boulder, Colorado. For more information, visit: www.passwordping.com or email sales@passwordping.com.
Media contact --
PasswordPing Ltd.
Kristen Ranta Haikal Wilson
Co-Founder, Vice President of Marketing and Product Management
200350@email4pr.com
720-924-4911
SOURCE PasswordPing