TEL AVIV, Israel, October 24, 2017 /PRNewswire/ --
Secret Double Octopus, the pioneer of keyless multi-shield authentication technology, announced today it was chosen as a top cybersecurity company by Momentum Partners based off of the firm's analysis of industry trends and current innovation in cybersecurity issues.
Each quarter, Momentum Partners, a Silicon Valley-based cybersecurity investment bank, selects 10 companies for its 'Watch List'. They make their selection from a pool of more than 2,500 cybersecurity companies after carefully weighing feedback from the field and considering a variety of growth and innovation factors.
"We are honored to be included among such companies on Momentum Partners' Q3 2017 Watch List," said Raz Rafaeli, CEO of Secret Double Octopus. "According to the recent Verizon Data Breach Report, 81% of breaches are password-related, demonstrating the need to eliminate the password altogether. We are excited to be recognized as a pioneer in the field of passwordless authentication."
Secret Double Octopus has received a number of industry recognitions over the past year:
- Recognized as a Gartner Cool Vendor
- Listed as one of Business Insider's "25 coolest tech companies in Israel"
- Entered a Global Joint Business Relationship Agreement with PwC
- Signed a pan-EMEA distribution agreement with Tech Data Europe
Secret Double Octopus's Multi-Factor Authentication technology turns mobile phones into mobile authenticators, eliminating the need for a one-time-password, SMS and authentication tokens. Additionally, Secret Double Octopus helps enterprises struggling to scale their network security shift away from key-based authenticators to a keyless solution. With one tap, the app initiates a multi-shield authentication process for users in order to verify or reject the login attempt, payment or transaction.
About Momentum Partners
Momentum Partners is based in Silicon Valley with operations globally providing strategic and financial advisory services to Founders, CEOs and their Boards in cybersecurity. The firm employs a high-touch advisory model suitable for both the unique needs of earlier stage entrepreneurs and the complexity of later stage endeavors - Series A to Exit. Advisors and dealmakers in cybersecurity for the past two decades, Momentum's senior professionals have closed over 200 transactions around the globe totaling over $200 billion in total value including some of the largest, most complex transactions in the history of the Technology sector. Securities are offered through Momentum Capital Markets, LLC, a division of Financial Telesis Inc. Member FINRA/SIPC.
About Secret Double Octopus
Secret Double Octopus has developed the world's only password-free, keyless authentication technology to protect identity and data across cloud, mobile and IoT environments. Based on Secret Sharing algorithms, originally developed to protect nuclear launch codes, Secret Double Octopus' technology prevents cyber attackers from accessing enough critical information to be useful for attacks, eliminating brute force, man-in-the-middle, PKI manipulation, key theft and certificate authority weaknesses.For more information, please visit http://www.doubleoctopus.com/.
GKPR for Secret Double Octopus
HQ: Beersheba, Israel
SOURCE Secret Double Octopus