LOS GATOS, Calif., June 9 /PRNewswire/ -- TriCipher, a leading provider of cloud-based Internet identity services, today announced that the United States Patent and Trademark Office has issued five new patents and allowed one application for TriCipher's multi-part trust credentials. The most recent patent rulings bring TriCipher's patent portfolio to 25 issued patents, 3 allowed applications, and 7 pending applications.
Multi-part credential technology securely delivers, stores and protects credentials by reducing the use of shared secrets like passwords, attributes and identity assertions. It is the security core that allows the myOneLogin Identity Services Platform to:
1. Map a single identity to multiple credentials with different authentication strengths
2. Provide low-cost administration of strong authentication factors - e.g. instant revocation, self-service provisioning
3. Create privacy walls in a multi-tenant service to segregate user, admin data and functions
"The 'laddered split key' innovation covered in TriCipher's patents anticipated the era of cloud computing and the kind of attacks against passwords now on the rise – sophisticated phishing, man-in-the-middle and man-in-the-browser attacks," said Ed Giorgio, President and Co-founder of Ponte Technologies, and former Chief U.S. codemaker and Chief U.S. codebreaker at the NSA (United States National Security Agency). "And just as important, the technology allows organizations of any size to quickly insert new or additional authentication factors into an existing authentication process to block novel attacks on security credentials."
TriCipher's patented technology is available through an on-premise solution, the TriCipher Armored Credential System™, and the on-demand myOneLogin™ Identity Service Platform that combines strong authentication, secure single sign-on (secure SSO), federation, provisioning, and authorization into a "One and Done" service. myOneLogin is available on-demand to companies as a customizable web application or to developers with standards-based interfaces to directories, desktop and network authentication, and federation protocols.
"These patents address head-on the single greatest barrier to SaaS adoption in the enterprise. Poor identity protection choices expose company and customer data to unauthorized access," said John De Santis, Chairman and CEO of TriCipher, Inc. "Our myOneLogin Identity Services Platform makes our innovative technology available to organizations of all sizes through an on- demand pricing, delivery and customization model. Small organizations love the subscription model and the portal preconfigured with over 4000 web apps. Our SOAP and REST interfaces enable large organizations to rapidly extend secure and compliant access to their expanding SaaS portfolio – leaving the customization, operations and maintenance to us."
For more information on myOneLogin, visit www.myOneLogin.com.
TriCipher, Inc. is a market leader and pioneer in Internet-scale and enterprise-caliber identity services, delivering cloud-based solutions for protecting access to web applications and enterprise portals. The myOneLogin identity platform is the first online identity services platform that gives each user a future-proof identity and never-compromised credentials federated to thousands of applications. TriCipher's patented technology has been battle-tested by over 10,000 financial institutions for security, reliability, availability and scalability. Founded in 2000, TriCipher is headquartered in Los Gatos, Calif. The company is funded by ArrowPath Venture Capital, EPIC Ventures, Intel Capital, RBC Technology Ventures, and Trident Capital.
SOURCE TriCipher, Inc.