Fast, Friendly, Secure Authentication. Hackers favor authentication-based attacks, report shows. Summary: A suitable password replacement could disrupt.

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Presentation transcript:

Fast, Friendly, Secure Authentication

Hackers favor authentication-based attacks, report shows. Summary: A suitable password replacement could disrupt or defeat 80% of these attacks, report concludes. By John Fontana for Identity Matters | April 24, :52 GMT (06:52 PDT) “It’s not a matter of “if” when it comes to these attacks; it’s just a matter of when.” Barry Rich – CFO CapitalMark Bank & Trust. The average cost to a business for a data breach, not including soft, yet very real costs (e.g. customer confidence/loyalty, brand/reputation, etc.) in 2010 was $7.2 million, or $214 per compromised record.

Enterprise Sentinel is an extremely secure yet user friendly corporate authentication solution that can be cost effectively utilized on most platforms and end points. Enterprise Sentinel ® utilizes the Passrules ® authentication process to allow users to quickly and easily create one-time passcodes that are extremely resistant to today’s forms of hacking.

The Passrules ® authentication process has been patented in the U.S., Canada, China and is pending throughout most of the world. Enterprise Sentinel ® is completely software based which means it can be used to secure almost any device or platform including corporate servers, mobile devices, banking machines, personal computers, and many more.

Gartner Research estimated the size of the authentication market in 2012 to over $2 Billion U.S. with an anticipated 30% annual growth rate. There is a fast growing movement driven by many top CISO’s to eliminate our reliance on passwords and to adopt more secure yet user friendly methods of authentication.

- Targeting innovative and agile SMB’s. Our go to market strategy incorporates four major streams. - Partnering with other security providers to create a range of products. - Working with industry players (Gartner, FIDO, etc.) to gain exposure & credibility. - Drive by opportunities with big, profile customers.

Enterprise Sentinel ® software is ready for market and operates on most Microsoft operating systems. Enterprise Sentinel ® provides entities with cost effective strong authentication alternative to legacy passwords and expensive and non-user friendly 2 factor systems. To date we have 2 pilot installations, a health care provider and a technology company.

- Independent consultants that recommend IT to services to SMB’s. The market channels we will focus on are: - Strategic partner’s existing client bases and joint prospects - Direct sales through leveraging alliance partner and industry contacts. - Enterprise Sentinel ® is sold on an initial installation and on-going annual license fees basis. - Developing a cloud based ID as a Service capability to reduce installation costs and to make it easier for SMB’s to acquire and use our technology.

There are a few solution providers targeting this market including SecureMatrix, Syferlock, SafeNet and RSA. We will position our products in the relatively uncontested market space that exists between legacy passwords and 2 factor authentication systems. Our strategy to lead this market is to leverage our superior technology product and to focus our main sales efforts on more agile and innovative entities.

Independent board has not yet been established. “Friends” include: - Lon Hoffman – Partner - Accenture - General Harry Ruduege (ret) – Head of Cyber Security - Deloitte - Rajesh Ahuja – Information Security, Authorization Controls - Boeing The management team collectively - Has over 50 years of experience in bringing concepts to market successfully - Is familiar with the challenges at the various stages of growth - Has extensive experience in leading organizations to successful outcomes - Has a broad network of resources at their disposal

Key elements required: - Greater market profile - Marque client/partner - Additional capital So far we have: - Completed our Microsoft based applications plus Android & iPhone apps - Defined our go to market strategy - Performed external testing on the strength and usability - Patented and Trade-Marked - Won awards for innovation, security and interoperability.

Future initiatives include: - enhancing our direct sales capabilities - building our VAR/Partner network globally - further programming enhancements - developing of a cloud based identification (IDaaS) service - developing of “password broker” technology We are looking to connect with strategic to accelerate our market entry and capitalize on the growing trend to replace passwords.

Enterprise Sentinel ® delivers the best characteristics of legacy technologies while eliminating the weaknesses that are making them obsolete. Most business successes are the result of having a product or service available to meet the demands caused by changes in the external environment. Our game changing technology is extremely well positioned to meet demand for enhanced authentication security as the market continues to adopt and employ better alternatives to passwords.

More secure Resistant to all forms of authentication hacking Fast and Easy to use Can be used on multiple platforms and devices Cost effective