FOR IMMEDIATE RELEASE
Stockholm, Sweden - July 13, 2021

Versasec Joins FIDO Alliance to Strengthen Passwordless Authentication Standards

Versasec joins many of its partners in helping bring open standards and reduce reliance on user passwords.

Versasec, a leader in credential management systems (CMS), today announced it has joined the FIDO Alliance, an open industry association whose mission is to create authentication standards so the world can reduce its reliance on passwords.

As a member of the FIDO Alliance, Versasec will help work toward changing the nature of authentication with open standards that are more secure than passwords and one-time passwords (OTPs). The goal is to provide much more secure options that are simpler and easier for service providers to deploy and manage.

Versasec has been very involved with FIDO for many years and many of its closest partners are important contributors to the Alliance. Joining the group now makes sense for Versasec, as CEO Joakim Thorén explained.

“As the FIDO Alliance has grown, its focus has moved beyond consumer authentication to now include enterprise customers with the FIDO2 authentication protocol. We feel we can add a lot of value to the discussion and contribute to creating a true enterprise credential that supports many options beyond website logon,” Thorén said. “There are so many advantages with hardware-based multi-factor authentication in enterprise environments, and we’ll be working with the Alliance to ensure they are recognized.”

Joerg Dettmann, Versasec’s CTO, added, “As a company, we joined the Alliance because we passionately believe in the standard, and we are committed to supporting it in our products in the best possible ways. We fully believe in the value of the open standards aspect of FIDO, and are excited to contribute.”

Beyond its technical contributions, as a FIDO Alliance member, Versasec will participate in forums and discussions, solicit feedback on its identity and access management products under development, and participate in FIDO Alliance events and activities.

Resourcses

About Versasec

Versasec makes enterprises more secure with cybersecurity solutions empowered by hardware-based cryptography. By focusing on user credentials that enable strong multi-factor authentication, digital signatures and encryption, Versasec provides customers greater security in an increasingly connected world with growing numbers of remote workers and online business. Versasec’s flagship product, vSEC:CMS, helps companies of all sizes easily deploy and manage virtual and physical smarts cards, tokens, RFID and other PKI credentials throughout their lifecycle. Software developed by Versasec is available for on-prem and private clouds or as managed services (SaaS).

Versasec has offices in Sweden, USA, Germany, France, UAE, United Kingdom, Malaysia and Egypt. It is headquartered in Stockholm. Its customers enjoy first-class support, maintenance, and training. In addition to a variety of government agencies around the globe, Versasec’s customers include HSBC, IMF, eBay, Northrop Grumman, EDAG, Hornbach, Raiffeisen Bank, SPGroup, Sunrise Regional Health, Banque Du Liban, Swiss Mobiliar, Cleveland Clinic, SERCO, KNPC and Sandia National Labs.

Versasec's products and services are available worldwide through an extensive reseller network and via the Versasec web site: https://versasec.com

Follow Versasec on LinkedIn (@versasec), Twitter (@versasec), and Facebook (@versasec).

PR Contacts

For Versasec: Alan Ryan, +1 (508) 475-0025, versasec@rainierco.com