SALES, RENTALS & LAYAWAYS

PROTECTING EVERYTHING THAT HAS EVER BEEN OF VALUE TO YOU

Open 24/7/365

We Have A Life-Time Warranty /
Guarantee On All Products. (Includes Parts And Labor)

New Decentralized Cybersecurity Solution Enables Passwordless Logins (#GotBitcoin?)

Blockchain cybersecurity firm Unbound Tech launched a new login solution meant to enable businesses to go passwordless. New Decentralized Cybersecurity Solution Enables Passwordless Logins (#GotBitcoin?)

According to an announcement on June 17, Unbound Tech’s new identity solution removes the dependence on traditional authentication methods with a decentralized key management system. The system can also be used to access blockchain wallets.

The system is meant to replace hardware tokens, software-powered one-time-passwords and standard passwords. According to the firm, the new solution can secure high-risk operations and authenticate transactions without security, usability or cost trade-offs.

Unbound Tech CEO and co-founder Yehuda Lindell told Cointelegraph that there is need for such services in the enterprise space as most highly-secure authentication mechanisms are cumbersome. On the other hand, he claims that easily usable solutions are not secure enough:

“The biggest source of cloud breaches today is actually due to breaking authentication mechanisms. As such, this aspect of security is quickly becoming one of the most central and critical issues in achieving security.”

The Keys Are Never Fully Assembled

The system’s keys are stored in a decentralized fashion, across multiple devices and are never kept whole. The authentication solution uses multi-party computation to sign a message with the key without ever revealing it fully to any party involved.

Digital identity solutions are becoming an increasingly active area of development for blockchain technology applications. A representative of LG CNS — the information technology subsidiary of South Korean technology giant LG — recently suggested that blockchain could replace all login functions in the future.

As Cointelegraph reported in May, LG CNS partnered with American firm Evernym to develop a blockchain-based digital identity standard for the web.

New Decentralized Cybersecurity Solution,New Decentralized Cybersecurity Solution,New Decentralized Cybersecurity Solution,New Decentralized Cybersecurity Solution

Related Articles:

CIA’s ‘Lax’ Security Led To Massive Theft of Hacking Tools, Internal Report Finds

Signal Is A Truly Private Chat App Ideal For Protestors (#GotBitcoin?)

Maintain Your Privacy And Security During A Protest (#GotBitcoin?)

Borrower, Beware: Credit-Card Fraud Attempts Rise During The Coronavirus Crisis

Senate Vote Allows FBI Access To Your Browsing History Without A Warrant And What You Can Do About It

Report Says Chinese And Iranian Hackers Seek To Steal Coronavirus Research

28,000 GoDaddy Hosting Accounts Compromised

Some States Dabble In Online Voting, Weighing Pandemic Against Cybersecurity Concerns

Antonopoulos: Chainalysis Is Helping World’s Worst Dictators & Regimes (#GotBitcoin?)

Survey Shows Many BTC Holders Use Hardware Wallet, Have Backup Keys (#GotBitcoin?)

Blockfolio Quietly Patches Years-Old Security Hole That Exposed Source Code (#GotBitcoin?)

Apple iPhone May Be Vulnerable To Email (Mail) Hack

Gates Foundation, WHO And Wuhan Institute of Virology All Hacked!

Google Hack Requires That You Updated Chrome Browser Now To Version: 81.0.4044.113

Privacy-Oriented Browsers Gain Traction (#GotBitcoin?)

Can Blockchain Technology Counter US Anti-Message Encryption Bill? (#GotBitcoin?)

Chinese Military Turns To U.S. University To Conduct Covert Research

CIA Has Had Keys To Global Communication Encryption Since WWII

Hostile Spies Target U.S. With Cyber, Encryption, Big Data, Report Finds

Hackers Stole And Encrypted Data of 5 U.S. Law Firms, Demand 2 Crypto Ransoms

Ex-CIA Engineer Goes On Trial For Massive Leak

Multi One Password (Portable App)

After He Fell For A $40K Phone Scam, His Bank Offered To Help—If He Stayed Quiet (#GotBitcoin?)

Your PGP Key? Make Sure It’s Up To Date

Bezos’ Phone Allegedly Hacked By Account Associated With Crown Prince

Major Companies Shared Vulnerability Used In Travelex Cyberattack (#GotBitcoin?)

Microsoft Releases Patch To Patch Windows Flaw Detected By NSA

VPN Tier List 2020 (Comparison Table)

SEC Market-Surveillance Project Hits Snag Over Hacker Fears

Inside China’s Major US Corporate Hack

Twitter Bug Exposed Millions of User Phone Numbers

U.S. Cyber Officials Give Holiday Shopping Advice For Consumers

Is Cayla The Toy Doll A Domestic Spy?

Google’s “Project Nightingale” Faces Government Inquiry Over Patient Privacy.

Which Password Managers Have Been Hacked?

DNS Over HTTPS Increases User Privacy And Security By Preventing Eavesdropping And Manipulation

Russia Steps Up Efforts To Shield Its Hackers From Extradition To U.S.

Barr Revives Debate Over ‘Warrant-Proof’ Encryption (#GotBitcoin?)

Should Consumers Be Able To Sell Their Own Personal Data?

Doordash Says Security Breach Affected Millions Of People (#GotBitcoin?)

Fraudsters Used AI To Mimic CEO’s Voice In Unusual Cybercrime Case (#GotBitcoin?)

Pearson Hack Exposed Details on Thousands of U.S. Students (#GotBitcoin?)

Cyber Hack Got Access To Over 700,000 IRS Accounts (#GotBitcoin?)

Take A Road Trip With Hotel Hackers (#GotBitcoin?)

Hackers Prove The Insecurity Of Trump’s Border Security By Stealing Photos Of Travelers’ Faces (#GotBitcoin?)

Hackers Target Loyalty Rewards Programs (#GotBitcoin?)

Taxpayer Money Finances IRS “Star Trek” Parody (#GotBitcoin?)

IRS Fails To Prevent $1.6 Billion In Tax Identity Theft (#GotBitcoin?)

IRS Workers Who Failed To Pay Taxes Got Bonuses (#GotBitcoin?)

Trump DOJ Declines To Charge Lois Lerner In IRS Scandal (#GotBitcoin?)

DMV Hacked! Your Personal Records Are Now Being Transmitted To Croatia (#GotBitcoin?)

Poor Cyber Practices Plague The Pentagon (#GotBitcoin?)

Tensions Flare As Hackers Root Out Flaws In Voting Machines (#GotBitcoin?)

3-29-2019 FBI Retools To Counter Cyber Threats, 4-12-2019 Thousands Of FBI Personal Data Is Stolen (#GotBitcoin?)

Overseas Traders Face Charges For Hacking SEC’s Public Filings Site (#GotBitcoin?)

Group Hacks FBI Websites, Posts Personal Info On Agents. Trump Can’t Protect You! (#GotBitcoin?)

SEC Hack Proves Bitcoin Has Better Data Security (#GotBitcoin?)

Hackers Prove The Insecurity Of Trump’s Border Security By Stealing Photos Of Travelers’ Faces (#GotBitcoin?)

Our Facebook Page

Your Questions And Comments Are Greatly Appreciated.

Monty H. & Carolyn A.

Go back

Leave a Reply