The SaferPass team shares our vision of delivering seamless security solutions that address all entry points and protect personal and corporate data wherever it resides. press release† “At the same time, large-scale data breaches have leaked billions of consumer emails and passwords onto the dark web, putting individuals at risk for identity theft and financial fraud. “Today, every employee’s password is a potential entry point for organizations small and large,” Lookout CEO Jim Dolce said in a statement. The ‘password problem’Ī number of companies are working to address the “password problem,” including companies like 1Password, which recently reached a valuation of $6.8 billion thanks to a $620 Million Financing Round† The wider password management market is gearing up for a $2 Billion Industry by 2025and by bringing SaferPass in-house, Lookout is better positioned to offer its existing customers – including corporate giants such as Airbus and Henkel – a more holistic security product. This means that if one of their online accounts is the victim of a data breach, it will eventually be compromised all the accounts that use the same credentials.Īnd so Lookout is now expanding into password management with the acquisition of eight-year-old Slovakian company SaferPass, a service that allows users to generate unique and hard-to-guess passwords and autofill them wherever SaferPass is used. Indeed, the vast majority of data breaches are: due to compromised passwords, where end users often reuse the same password for multiple online services. It offers Android and iOS apps, and functions as a browser extension on any platform with a supported browser, including Windows, macOS, and. While passwords are pretty much the default authentication mechanism for just about every online service, they are generally considered one of the weakest links in both business and consumer applications. SaferPass is totally in sync with the modern world. The terms of the deal have not been disclosed.įounded about 15 years ago, Lookout has grown into a comprehensive security platform that promises to protect everything from mobile endpoints to cloud apps, protecting consumers and businesses from phishing attacks, ransomware, and more. Register today!Įndpoint Security Company Look after has come into possession of SaferPass, a startup specializing in cross-platform password management. Join AI and data leaders for insightful conversations and exciting networking opportunities. We’re excited to bring Transform 2022 back in person on July 19 and pretty much July 20-28.
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