Security News > 2020 > April > Passwordless Authentication Provider 'Secret Double Octopus' Raises $15 Million
Tel Aviv, Israel-based Secret Double Octopus has raised $15 million in a Series B funding round from Sony Financial Ventures, KDDI, and Global Brain as well as prior investors.
The firm provides passwordless authentication for enterprises, and is eyeing the growing WFH market.
"Removing passwords prevents credentials theft, Man-in-the-middle attacks, identity theft, phishing and other forms of popular attack vectors. Furthermore, moving to Passwordless Authentication reduces Helpdesk and password management costs and minimizes IT operations."
The authentication attestation is then relayed from the app through the cloud service to the Octopus Authentication Server and on to the relying system - which grants access on receipt of proof of identity.
Secret Double Octopus believes it has found a solution primarily through the use of mobile phones.