FOR IMMEDIATE RELEASE
Stockholm, Sweden – July 13, 2021

Versasec Joins FIDO Alliance to Strengthen Passwordless Authentication Standards

Versasec announces partnership with ID management system provider evolutionID, bringing PKI security and complete lifecycle management to its ID cards, key fobs and more.

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.

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About Versasec

The Versasec award-winning software is used by companies of all sizes to fulfill their ever-evolving cybersecurity strategies. Versasec provides the necessary orchestration to automate and manage the multiple Identity and Access Management (IAM) system, providing organizations a secure hub for their IAM solution providers: certificate authorities, user directories, HSM’s, credentials, and more. Versasec credential management system, vSEC:CMS, is available on-prem, and as a managed service through vSEC:CLOUD with premium support. Versasec supports the most number of credentials in the market, covering the latest modern authenticators and technologies such as PIV/PKI, FIDO, virtual, and physical credentials, as well as RFID for secure access control. Trusted by organizations and corporations worldwide, Versasec serves the public and private sectors in government, defense, manufacturing, healthcare, financial services, and more. Versasec is headquartered in Stockholm, Sweden.

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