NetAuthority Selected by ShareVault to Harden Device Authentication in Secure Document Sharing

SAN FRANCISCO, Feb. 26, 2013 /PRNewswire/ -- ShareVault, the leader in secure document sharing for enterprise applications, and NetAuthority, Inc., the leader in strong authentication solutions for trusted Internet-connected devices and transactions, announced today a customer and partner agreement for ShareVault to offer NetAuthority's advanced access control and identify verification capabilities to ShareVault's enterprise customers and partners.   

ShareVault enables corporations to maintain control of and protect critical information shared among internal users and third parties outside the corporate domain. Used to securely share documents and track their access, ShareVault reduces information leakage risk while enabling collaboration among internal and external groups with support for Windows, Macintosh and iPad devices. ShareVault is used for applications in the financial services, bioPharma life sciences, legal services, energy/natural resources and other industries for mergers and acquisitions, fund raising, distressed asset sales, litigation support, corporate compliance, partnering applications.

In addition, with its ShareVault for SharePoint offering, corporations can also create a separate environment to securely share selected information from multiple SharePoint sites with external parties. ShareVault integration with SharePoint requires no software modifications to SharePoint while allowing an independent layer of user permissions and real time tracking and audit trail reporting.

NetAuthority's capabilities will enhance ShareVault's advanced and proprietary security architecture and features for document sharing by adding powerful, patented device identification and authentication capabilities that irrefutably prove the identify of a device connecting to a ShareVault secure document sharing service. With NetAuthority's solution in place, devices, in addition to the users themselves, must prove their identity before accessing critical corporate data stored, managed, and shared from within ShareVault. With the end-to-end integrated solution, the device will be required to authenticate itself using a device key generated by NetAuthority that cannot be spoofed and can irrefutably identify and authenticate the device based on key characteristics, all of which is invisible to the user and does not require any manual interaction. The system prevents security breaches as well as provides zero-day protection against automated man-in-the-middle and man-in-the-browser attacks through irrefutable transaction verification.

Supporting Quotes:
Richard Andersen, ShareVault CEO, said:
"With NetAuthority's patented irrefutable device identification and authentication solution, we are building on our security model to mitigate another critical risk related to Internet-connected devices in the workplace: to ensure that only authorized users and verified devices can access, store and share critical company data and assets.  All this, without impacting the user-experience in working with ShareVault."

Chris Brennan, NetAuthority CEO and founder, said:
"We're excited to be working with ShareVault as both a customer and partner.  More and more companies are storing and managing critical and sensitive corporate data and assets in the cloud.  When this trend is coupled with the explosive growth in Internet-connected devices and escalating number of impersonation attacks to gain unauthorized access, it's increasingly clear that there is a significant need for device-centric strong authentication to mitigate these threats.  In implementing NetAuthority's solution, ShareVault, as a leader in secure document sharing and collaboration, will now be able to offer irrefutable device identification and authentication to protect its enterprise customers from today's rapidly-changing threat environment."

About NetAuthority
NetAuthority is the leader in strong authentication solutions for trusted Internet-connected devices and transactions. Our solution secures information and financial assets, assures user confidence that drives business, and protects assets and brand equity. NetAuthority's patented device-centric methods provide irrefutable accuracy with best in class security, ease of use and value. For more information, visit www.NetAuthority.com.

About ShareVault
ShareVault is a leader in secure document sharing cloud services for enterprise applications requiring centralized control and tracking of user access. Our solution reduces information leakage risk and supports collaboration across departments and external parties.  Customers have successfully used ShareVault for M & A, fund raising, corporate repository & compliance, distressed asset sales, IPO, litigation support and partnering applications. ShareVault is used in a variety of industries including financial services, bioPharma and life science, energy and natural resources, and legal services. For more information visit www.sharevault.com   

Media Contact:
Peggy Tierney
Nadel Phelan, Inc.
+1-831-440-2405
[email protected]

SOURCE NetAuthority, Inc.