{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAgPmZyt4LDA","lastupdate":"2024-03-25T00:00:00.000Z","update_date":"2024-03-25T00:00:00.000Z","lastModified":"Dec 2, 2024","active":1,"confidence_score":102,"confidence_score_reason":"markets","urlname":"secret-double-octopus","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$tNguRc7JiDGkgAwvXZRh2HpK4TekMtqztmBXe7tWfpQrYpF0SKuDcs","name":"Secret Double Octopus","oneliner":"Passwordless Authentication Solution ","registrar":"515256808","website":"https://doubleoctopus.com/","careerspage":"https://doubleoctopus.com/careers","founded_month":5,"founded_year":2015,"formernames":[],"sociallinks":{"twitter":"https://twitter.com/double_octopus","youtube":"https://www.youtube.com/channel/UClDgENwQbCcypNOhfR3NrrQ","facebook":"","linkedin":"https://www.linkedin.com/company/10259347","instagram":""},"social":["https://www.linkedin.com/company/10259347","https://twitter.com/double_octopus","https://www.youtube.com/channel/UClDgENwQbCcypNOhfR3NrrQ","https://itunes.apple.com/us/app/octopus-authenticator/id1220959010","https://vimeo.com/doubleoctopus","https://play.google.com/store/apps/developer?id=Secret+Double+Octopus&hl=en_US"],"flattenedsociallinks":"https://www.linkedin.com/company/10259347|https://twitter.com/double_octopus|https://www.youtube.com/channel/UClDgENwQbCcypNOhfR3NrrQ|https://itunes.apple.com/us/app/octopus-authenticator/id1220959010|https://vimeo.com/doubleoctopus|https://play.google.com/store/apps/developer?id=Secret+Double+Octopus&hl=en_US","apps":{"appstore":"https://itunes.apple.com/us/app/octopus-authenticator/id1220959010","googleplay":"https://play.google.com/store/apps/developer?id=Secret+Double+Octopus&hl=en_US"},"is_claimed_by_owner":1,"employees":"11-50","employees_exact":39,"patent":1,"raised":41500000,"stage":"C","public_stage":"C","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4PuDstIIDA","primary_sector":"Cyber Security","alternativenames":["SDO","Double Octopus","Double Secret Octopus"],"about":"Secret Double Octopus delivers the industry’s broadest workforce use case coverage for passwordless MFA making SDO a clear leader in phishing-resistance, enabling compliance, and reducing cyber insurance premiums. Its industry-leading platform offers mid-market to Fortune 100 enterprises the ability to progressively move to a higher security, more frictionless authentication — from MFA to end-to-end, unified passwordless authentication.\n\nThe company has been designated a Gartner “Cool Vendor,” named “Best-in-Class” passwordless provider by AITE Group and a 2023 SINET16 Innovator.","climatetech_description":null,"is_climatetech_relevant":null,"phone":"","country":null,"address":{"israeli":[{"id":"1faa62c7-4a27-4d7c-a139-898340fcedb9","city":"Tel Aviv-Yafo","type":null,"address":"Rokach Blvd 97, Tel Aviv-Yafo, Israel","placeid":null,"notactive":0,"openeddate":null,"registrarid":null,"firstrdcenter":0,"registrarname":null}],"officesabroad":null},"headquarter_address":null,"district":"Center District","news":[{"id":"EPZ5MTnOfBPrm9PzNxxY2krpx820elgyk6YLnpStlLY1AJyVlcpdVb","date":"Oct 29, 2024","link":"https://www.businesswire.com/news/home/20241029297950/en/Secret-Double-Octopus-Secures-Strategic-Investment-from-SBI-Holdings-to-Propel-Global-Expansion-of-Workforce-Passwordless-Authentication","source":"www.businesswire.com","visible":1,"analysis":null,"sentiment":null,"analysisId":"QNlX4CmdkXKqQReAfr6LttOmQFaPK5UKVhuPVDcn4sk0DLzYSbr0BP","news_summary":"Secret Double Octopus Secures Strategic Investment from SBI Holdings to Propel Global Expansion of Workforce Passwordless Authentication","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"none"},{"id":"ybd5bZJI8mg0IYnL755v219vFNQZXBs2ewKHTQ7Ear5kCqE6JbHCTd","date":"Jan 15, 2024","link":"https://www.businesswire.com/news/home/20240115939100/en/Secret-Double-Octopus-Renowned-Leader-in-Enterprise-Workforce-Authentication-Secures-a-Series-C-Funding-Round-to-Propel-Global-Expansion-of-Innovative-Passwordless-Technology","source":"www.businesswire.com","visible":1,"analysis":{"tags":"Investment, Expansion","company":"Secret Double Octopus","layoffs":"Not mentioned","summary":"Secret Double Octopus, a leader in passwordless solutions for enterprise workforce, has successfully closed a Series C funding round, raising $15 million. The round was led by BGV and included participation from both new and existing strategic investors such as JVP, SCV, and KDDI. The funds will be used to accelerate revenue growth and expand the companys global partnership network. The companys unique passwordless solution has positioned it as a technology leader in the passwordless space and a strategic player in the larger IAM market.","partners":"Not mentioned","customers":"Not mentioned","investors":["BGV","JVP","SCV","KDDI"],"confidence":9,"key_topics":["Series C Funding","Passwordless Solutions","Workforce Authentication","Global Expansion","Cybersecurity"],"date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"Growth-Positive","investment_amount":"$15 million","structured_issues":["Investment","Expand"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"Growth-Positive","analysisId":"y9or7ijpnMnUMJOb6ldDKGyi9ceL72MV3cb5sa9TS4lwIitGww511C","news_summary":"Secret Double Octopus, Renowned Leader in Enterprise Workforce Authentication, Secures a Series C Funding Round to Propel Global Expansion of Innovative Passwordless Technology","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"7YrpjBra0rta8r6bRjXJHatTdPI5VNV3XySydxihDDmzlGeZGDO2v1","date":"Nov 29, 2023","link":"https://www.businesswire.com/news/home/20231130083941/en/Secret-Double-Octopus-Elevates-Mobile-Push-to-Highest-Assurance-Authentication","source":"www.businesswire.com","visible":1,"analysis":{"tags":"Passwordless MFA, Proximity Assurance","company":"Secret Double Octopus (SDO)","layoffs":"N/A","summary":"Secret Double Octopus (SDO), a leader in workforce Passwordless and desktop MFA, has upgraded its Passwordless MFA platform to offer government-level identity verification to enterprises. The new Proximity Assurance feature uses mobile push notifications to securely connect users to workstations without requiring additional hardware or re-architecting of apps. This feature enhances the security of the login process without the need for extra devices or authentication apps. The Octopus Authentication Platform is recognized for its broad use case coverage for workforce Passwordless authentication, providing security for logins from various endpoints and corporate services.","partners":"N/A","customers":"N/A","investors":"N/A","confidence":9,"key_topics":["Passwordless MFA","Proximity Assurance","Enterprise Security","Authentication","Workforce Solutions"],"date_of_event":"N/A","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":["Customers","Expand"],"acquisition_amount":"N/A","structuredIssuesShow":"#Customers  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"l5HOId42EVIac0sFNGd6ETWEsmlz8jv9i9rgvs5oGXr4hXuFdzjO0P","news_summary":"Secret Double Octopus Elevates Mobile Push to Highest Assurance Authentication","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"3rYuBxg7xPNXRz9GWXazmfNDqyHiRFboGpH4nIqtjXiwmdpbHENHr0","date":"Sep 11, 2023","link":"https://www.businesswire.com/news/home/20230912995074/en/Passwordless-Authentication-Leader-Secret-Double-Octopus-Wins-Esteemed-2023-SINET-16-Innovator-Award","source":"www.businesswire.com","visible":1,"analysis":{"tags":"Award, Cybersecurity","company":"Secret Double Octopus","layoffs":"N/A","summary":"Secret Double Octopus, a provider of workforce and desktop MFA solutions, has been selected as a winner in the 2023 SINET16 Innovator Award. The award, given by SINET, an organization that accelerates cybersecurity innovation through public-private partnerships, recognizes the most innovative and compelling technologies in the field of cybersecurity. Secret Double Octopus was selected from a pool of 195 applications from 13 countries. The companys Octopus platform offers organizations a higher security and more frictionless authentication platform for traditional and passwordless MFA.","partners":["SINET"],"customers":"N/A","investors":"N/A","confidence":9,"key_topics":["SINET16 Innovator Award","Cybersecurity","Passwordless MFA","Workforce Authentication","Innovation"],"date_of_event":"2023","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":["Partners"],"acquisition_amount":"N/A","structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"470HSkREUksjzElyuexeQErg9hBpA2UnoSX37daxtKOOHMQMSW5wTR","news_summary":"Passwordless Authentication Leader Secret Double Octopus Wins Esteemed 2023 SINET 16 Innovator Award","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"YLrL0MtRpGGC1olXp4eyvp7inXXhlCuSASLUnYI3hPhULEvy8qGDzd","date":"Aug 21, 2023","link":"https://www.businesswire.com/news/home/20230822653026/en/Secret-Double-Octopus-and-KDDI-Digital-Security-Sign-Agreement-to-Offer-Passwordless-Authentication-Service-in-Japan","source":"www.businesswire.com","visible":1,"analysis":{"tags":"Partnership, Expansion","company":"Secret Double Octopus","layoffs":"N/A","summary":"Secret Double Octopus, a provider of workforce and desktop MFA solutions, has expanded its strategic partnership with KDDI Digital Security, a part of the KDDI Group in Japan. KDDI Digital Security will now include Secret Double Octopuss FIDO2-compliant passwordless authentication solution in its managed security services. This move is aimed at addressing the challenges of authentication sprawl and security risks associated with password use in organizations. The partnership extension is expected to enhance the security offerings of KDDI Digital Security and promote a more secure and frictionless authentication experience for Japanese organizations.","partners":"KDDI Digital Security","customers":"N/A","investors":"N/A","confidence":9,"key_topics":["Partnership Expansion","Passwordless Authentication","Managed Security Services","Remote Work","Cybersecurity"],"date_of_event":"August 1, 2023","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":["Partners","Expand"],"acquisition_amount":"N/A","structuredIssuesShow":"#Partners  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"SBBmnOFrOYwJeeZlMCjw3xHNLWFf0V5ZE30MrqHzGl9poscm7TaxVP","news_summary":"Secret Double Octopus and KDDI Digital Security Sign Agreement to Offer Passwordless Authentication Service in Japan","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"7Z4EsbA51GvFRDRNYHDYgLmWR0SQf8pKhHGSWNxwDnTRkSs1t0g2DT","date":"Dec 9, 2022","link":"https://www.biometricupdate.com/202212/secret-double-octopus-release-addresses-phishing-with-passwordless-mfa","source":"www.biometricupdate.com","visible":1,"analysis":{"tags":"phishing-resistant passwordless MFA, biometrics support, password-centric directories","company":"Secret Double Octopus","layoffs":null,"summary":"Secret Double Octopus has released new features for phishing-resistant passwordless MFA with biometrics support. The update allows companies to comply with government mandates and cyber insurance criteria without redesigning applications or identity directories. The company has partnered with PricewaterhouseCoopers in India to help businesses meet MFA regulations. Secret Double Octopus will discuss the new capabilities and the effectiveness of MFA in stopping phishing attacks in a marketing webinar on February 1st.","partners":["PricewaterhouseCoopers"],"customers":null,"investors":null,"confidence":8,"key_topics":["biometrics","cybersecurity","FIDO2","multi-factor authentication","passwordless authentication"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"kk9fcrPhP6e2KCxQtdNpr6rIGMfJhQWPHPoOC0nwUu3t1q5cgx2hR1","news_summary":"Secret Double Octopus release addresses phishing with passwordless MFA | Biometric Update","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"5jyTTk3GoktaLZlEEF4fvTHQre2Vcsej8HLyqv3rbthiZZcYsgDwTF","date":"Oct 18, 2022","link":"https://www.businesswire.com/news/home/20221018005457/en/Secret-Double-Octopus-Study-Finds-87-Believe-Next-Gen-Passwordless-Solutions-Will-Become-the-Leading-Approach-to-Secure-Workforce-Identities-within-Five-Years","source":"www.businesswire.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"vNUpSs7IA54H1ig6P0duKNcBzFXYhawVwbK3xJF3SlaOtfyZhE1RJz","news_summary":"Secret Double Octopus Study Finds 87% Believe Next-Gen Passwordless Solutions Will Become the Leading Approach to Secure Workforce Identities within Five Years","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"8s4uz4rZZ0cVVMZS1z9ic5AMVqF6p4B1CpK1cIwcAAsEWAzxNqIZ0A","date":"Sep 12, 2022","link":"https://www.businesswire.com/news/home/20220912005985/en/PwC-India-and-Secret-Double-Octopus-Announce-a-Strategic-Partnership-to-Promote-Passwordless-and-Desktop-MFA-for-Compliance","source":"www.businesswire.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"WSOR5bsxiy7NlURJpwTaoTSxvZVWcGAQAswEwhgzQjfW3vo0nVSzmr","news_summary":"PwC India and Secret Double Octopus Announce a Strategic Partnership to Promote Passwordless and Desktop MFA for Compliance","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"usWkwxcc4NEOoFHTTS91CMiuHViszvobTKgbWs0ETnPcB7qBfFbj8X","date":"Mar 1, 2022","link":"https://www.businesswire.com/news/home/20220301005051/en/Secret-Double-Octopus-Cuts-Deployment-Times-by-80-with-New-Passwordless-%E2%80%9CAuthentication-as-a-Service%E2%80%9D-Cloud-Offering","source":"www.businesswire.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"2Vcv5xRuoOhYRHmL5XiMjbjatlzGEZyk8bSmUke6L2DbtjrmVIX27d","news_summary":"Secret Double Octopus Cuts Deployment Times by 80% with New Passwordless \"Authentication-as-a-Service\" Cloud Offering","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"qjlPnKFqauujVyl8UyKGPKLdlNmImqQFZPPA2tqljm6XNIfGYqbQeW","date":"Oct 6, 2021","link":"https://www.businesswire.com/news/home/20211006005043/en/Secret-Double-Octopus-Enables-Enterprise-Passwordless-Journey-With-Passwordless-Ready-MFA-Offerings","source":"www.businesswire.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"akPSJ2ml0CN1KIcS4Sutqrm3DPUZ1p4GCGehoBFQa2BJzurPQIVhU5","news_summary":"Secret Double Octopus Enables Enterprise Passwordless Journey With Passwordless-Ready MFA Offerings","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"04ae951c-3981-483d-9247-f6c0547360ff","date":"Oct 15, 2020","link":"https://www.prnewswire.com/il/news-releases/standard-chartered-banks-fintech-investment-unit-invests-in-passwordless-authentication-leader-secret-double-octopus-301153010.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":["investment"],"company":"Secret Double Octopus","layoffs":null,"summary":"Secret Double Octopus, a leader in Enterprise Passwordless Authentication, has secured a strategic investment from SC Ventures, the innovation arm of Standard Chartered. The investment will support the companys growth and its mission to transform enterprise authentication standards. Secret Double Octopus offers an innovative authentication solution that eliminates the use of passwords and provides stronger protection against cyber-attacks. The company has partnerships with IAM giants like ForgeRock and Okta and serves mid-size to Fortune50 customers globally. SC Ventures investment demonstrates the trust in Secret Double Octopus technology and its potential to deliver passwordless capabilities to the enterprise world.","partners":null,"customers":null,"investors":["SC Ventures"],"confidence":9,"key_topics":["passwordless authentication","strategic investment","partnerships","cybersecurity risks","enterprise authentication"],"date_of_event":"2020-10-15","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"cr3sQKUt7NnuJeeVQmMUW2L5GmRLx0yuwVbyoWXVqovFQVnz9Hf6bp","news_summary":"Standard Chartered Bank's Fintech Investment Unit Invests in Passwordless Authentication Leader Secret Double Octopus","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"b5fb29ad-f4fd-4f03-a823-c5171792bec7","date":"Apr 28, 2020","link":"https://venturebeat.com/2020/04/28/secret-double-octopus-raises-15-million-to-authenticate-employees-without-passwords/","source":"venturebeat.com","visible":1,"analysis":{"tags":"passwordless authentication","company":"Secret Double Octopus","layoffs":null,"summary":"Israeli startup Secret Double Octopus has raised $15 million in a series B funding round. The company offers a passwordless authentication solution to help businesses enhance security and reduce the risk of data breaches. The investment comes at a time when remote working has become more prevalent due to the COVID-19 crisis. Secret Double Octopus technology, called the Octopus Authenticator, allows employees to authenticate their logins through a simple touch and go process, eliminating the need for passwords. The funding round included investors such as Sony Financial Ventures, KDDI, and Global Brain. The company is well-positioned to capitalize on the increased demand for passwordless login technologies.","partners":null,"customers":null,"investors":["Sony Financial Ventures","KDDI","Global Brain"],"confidence":9,"key_topics":["passwordless authentication","security breaches","remote working","multi-factor verification","funding"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$15 million","structured_issues":["Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"yWFmH4htepHsmzlsEsFw0eSnXkafHFwyvKPSmVxyKWasAcQPD5x3GT","news_summary":"Secret Double Octopus raises $15 million to authenticate employees without passwords","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"78dd6d6d-caf4-4c39-a9eb-5b74ba306cf6","date":"Oct 25, 2019","link":"https://mobileidworld.com/biometrics-news-secret-double-octopus-authentication-server-receives-fido2-certification-102509/","source":"mobileidworld.com","visible":1,"analysis":{"tags":"passwordless authentication","company":"Secret Double Octopus","layoffs":null,"summary":"Secret Double Octopus has received FIDO2 certification for its Octopus Authentication Server v4.0. The server allows employees to log in without passwords and offers support for various workplace tools. The company will showcase the server at the FIDO Alliances Authenticate conference. Secret Double Octopus has also formed partnerships with Okta and Asigra.","partners":["Okta","Asigra"],"customers":null,"investors":null,"confidence":8,"key_topics":["FIDO2 certification","Octopus Authentication Server","passwordless authentication","FIDO standards","new partnerships"],"date_of_event":"June","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"DcM4YrDJE7QOSRJsdrOtkYWI721NiHroVAO3nsFvCQmEKBkRvR5TpZ","news_summary":"Secret Double Octopus Authentication Server Receives FIDO2 Certification","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"a584c307-0241-4ffe-a609-3c84209410ae","date":"Aug 15, 2019","link":"http://nocamels.com/2019/08/cybersecurity-firm-israel-less-password-secure/","source":"nocamels.com","visible":1,"analysis":{"tags":["password-less authentication","cybersecurity"],"company":"Secret Double Octopus","layoffs":null,"summary":"Israeli cybersecurity company Secret Double Octopus is experiencing growth in the market adoption of password-less authentication methods. The companys pioneering password-free, key-less authenticator is being embraced by enterprises in the security and identity and access management sectors. Passwords are increasingly seen as vulnerable to hacking, and alternative security systems such as fingerprints, voice recognition, and facial recognition are gaining popularity. Secret Double Octopuss proprietary phone-as-a-token technology offers a secure solution that prevents unauthorized use of systems and identity theft. The companys password-less authentication solution is used by Fortune 100 customers globally. The marketplaces acceptance of password-less authentication solutions is transforming the security landscape and is predicted to continue growing in the coming years.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["password-less authentication","cybersecurity","alternative authentication methods","market adoption","enterprise environment"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"VBo3eSJ1Ofv7ptyYBMYrOQqN2XQlbmTg0aT6Rq5KxJUquR81NSGvKz","news_summary":"Israeli Cybersecurity Firm Aims For More Secure Future By Eliminating Passwords","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"27099dcd-0855-407c-83e4-807e764bf770","date":"May 30, 2019","link":"https://www.information-age.com/secret-double-octopus-passwords-123482905/","source":"www.information-age.com","visible":1,"analysis":{"tags":"passwords, authentication, biometrics","company":"Secret Double Octopus","layoffs":null,"summary":"Secret Double Octopus, a provider of passwordless security solutions, is expanding into the European market with a presence in the UK, France, and Italy. The company aims to replace traditional passwords with its solution that uses machine-generated cryptographic keys and phone-based authentication. This approach offers better security and user experience at a lower cost. The expansion will provide customers and service providers in Europe with local sales and technical support. The article discusses the need for viable alternatives to passwords and the future of authentication, including the use of biometrics. BDO UK, LLP, a cybersecurity consultant, sees Secret Double Octopus passwordless security approach as a game changer. The article is written by Michael Baxter, a tech, economic, and investment journalist.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["passwords","authentication","biometrics","expansion","security"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"6KfD3P4oJYgxZkLVkRyA1yOepAjqMZJONGblWrCsWFMKgqU2mzIr3s","news_summary":"Secret Double Octopus reveals latest attempt to eliminate passwords","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"67cd439b-3c5a-453b-949f-0e3cc185aea5","date":"Apr 2, 2019","link":"https://www.prnewswire.com/news-releases/okta-and-secret-double-octopus-partner-to-provide-a-complete-passwordless-enterprise-solution-300822769.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"partnership","company":"Secret Double Octopus","layoffs":null,"summary":"Secret Double Octopus has announced a partnership with Okta to deliver a passwordless experience for global customers and service providers. 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The partnership aims to prevent malware threats from targeting backup data. Secret Double Octopus Authenticator adds a security layer to Asigras zero-day Attack-Loop preventative technology, eliminating the need for passwords to access backup data in the cloud. 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Gartner predicts that by 2022, a significant number of enterprises will implement passwordless authentication methods. Secret Double Octopus offers a password-free authentication solution that eliminates the need for passwords altogether. The company currently serves Fortune 100 customers in Europe, the U.S., and Asia/Pacific. The inclusion in Gartners Market Guide for User Authentication for two consecutive years is seen as a recognition of the companys value and vision. Secret Double Octopus aims to eliminate user friction associated with passwords and reduce operational costs. The companys solution uses multichannel techniques to protect against identity cloning, MITM attacks, and key theft.","partners":null,"customers":"Fortune 100 customers","investors":null,"confidence":9,"key_topics":["passwordless authentication","user authentication","Gartner","market guide","multichannel techniques"],"date_of_event":"December 12, 2018","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"ob6KVP304weKrdM6VjK0ou1JwvWGx1UvbIPymDrW0IfTLVJxlECZAv","news_summary":"Secret Double Octopus Identified as a 'Representative Vendor' in Gartner's 2018 Market Guide for User Authentication","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"67a62c34-12b8-46b4-99e4-93dd664ed42e","date":"Jun 5, 2018","link":"http://www.prnewswire.co.uk/news-releases/bdo-uk-and-secret-double-octopus-partner-to-eliminate-passwords-in-the-enterprise-684595751.html","source":"www.prnewswire.co.uk","visible":1,"analysis":{"tags":"strategic partnership","company":"Secret Double Octopus","layoffs":null,"summary":"Secret Double Octopus has announced a strategic partnership with BDO UK to provide BDOs clients with advanced authentication technology to protect against data breaches and cyber attacks. This partnership allows BDO UK to deliver and support Secret Double Octopus products to enterprises globally. Secret Double Octopus offers password-free, keyless authentication using a Secret Sharing algorithm. The partnership with BDO UK will help Secret Double Octopus expand and strengthen its presence in Europe. The companys leading product, Active Directory Authentication, replaces AD passwords with a password-free authentication paradigm. 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The inclusion in Gartners report recognizes the companys excellence in addressing the challenge of password misuse.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["password-free authentication","user authentication","Gartners Market Guide","phone-as-a-token method","multichannel techniques"],"date_of_event":"December 7, 2017","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"VaApue1fiCQp1YNsIjPsHvlmLgvnFTx73hF1ROAVfvbVv6U43R2Yx9","news_summary":"Secret Double Octopus Included in Gartner's 2017 Market Guide for User Authentication","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"3e9b4255-1f7f-4245-93af-f9b358311cba","date":"Mar 15, 2017","link":"http://www.prnewswire.com/news-releases/secret-double-octopus-introduces-multi-shield-user-authentication-for-enterprises-eliminating-the-need-for-passwords-616217784.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"keyless authentication","company":"Secret Double Octopus","layoffs":null,"summary":"Secret Double Octopus has launched its authenticator app for enterprises, offering keyless multi-shield authentication technology. The app aims to increase enterprise-level security while eliminating the friction of standard authentication processes. The companys technology, based on Secret Sharing algorithms, provides keyless authentication and data-in-motion protection for cloud, mobile, and IoT. The app initiates a multi-shield authentication process with one tap, verifying or rejecting login attempts, payments, or transactions. The recently issued NIST Digital Identity guidelines draft discourages the use of SMS and highlights the lack of confidence in biometrics as a single factor of protection, which is expected to drive organizations towards keyless authentication systems. 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