REG - Intercede Group PLC - New Product Announcement: Launch of MyID MFA v5

IntercedeAnnouncement

21/03/2024 07:00

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RNS Number : 6949H  Intercede Group PLC  21 March 2024

 

 

21 March 2024

INTERCEDE GROUP plc

('Intercede', the 'Company' or the 'Group')

 

New Product Announcement

Launch of MyID MFA v5

 

Intercede, the leading cybersecurity software company specialising in digital
identities, has released the latest iteration of its Multi-Factor
Authentication MyID MFA product, version 5 ("MyID MFA v5").

MyID MFA v5 delivers enhanced security, flexibility, and easier integration
for organisations seeking to protect their applications, data, and networks.
It positions Intercede as the leader in the stronger authentication space,
offering a comprehensive and user-friendly solution from passwords to PKI, for
today's evolving security landscape.

Key Features of MyID MFA v5:

·    FIDO Passkeys: MyID MFA v5 allows organisations to leverage FIDO
Passkeys, enabling a secure and passwordless user experience. It acts as both
a FIDO authentication server and a passkey issuance solution, supporting both
Syncable Passkeys (mobile phone based) and Device Bound Passkeys (on dedicated
devices like, but not limited to, YubiKeys);

·    Streamlined Security and User Experience: MyID MFA v5 incorporates
Identity Provider (IDP) capabilities, offering a single sign-on solution for
applications, Windows desktops, self-service portals, and password resets.
Additionally, it integrates with existing credentials and IDPs, minimising
deployment costs;

·    Enhanced Windows Desktop Agent: The Windows Desktop Agent now
supports federation, 3rd party authenticators, and FIDO passkeys; and

·    Integration with MyID CMS: MyID MFA v5 integrates with MyID CMS,
providing a centralised management platform for all user credentials and life
cycle management.

Klaas van der Leest, CEO, commented:

 

"I am very pleased to make this announcement, as the MyID MFA v5 product has
been created by an integrated development and test team. This new
functionality and product integration was a key plank of our rationale for the
acquisition of Authlogics. Our customers and partners continue to derive
maximum value from their investments whilst Intercede makes the most efficient
use of our combined resources."

 

ENQUIRIES

 Intercede Group plc                Tel. + 44 (0)1455 558111
 Klaas van der Leest                CEO
 Nitil Patel                        CFO

 Cavendish Capital Markets Limited  Tel. + 44 (0)20 7220 0500
 Simon Hicks/Fergus Sullivan        Corporate Finance
 Tim Redfern                        ECM

About Intercede

Intercede is a cybersecurity software company specialising in digital
identities, and its innovative solutions enable organisations to protect
themselves against the number one cause of data breach: compromised user
credentials.

 

The Intercede suite of products allows customers to choose the level of
security that best fits their needs, from Secure Registration and ID
Verification to Password Security Management, One-Time Passwords, FIDO and
PKI. Uniquely, Intercede provides the entire set of authentication options
from Passwords to PKI, supporting customers on their journey to passwordless
and stronger authentication environments. In addition to developing and
supporting Intercede software, the Group offers professional services and
custom development capabilities as well as managing the world's largest
password breach database.

 

For over 20 years, global customers in government, aerospace and defence,
financial services, healthcare, telecommunications, cloud services and
information technology have trusted Intercede solutions and expertise in
protecting their mission critical data and systems at the highest level of
assurance.

For more information visit: www.intercede.com (http://www.intercede.com)

 

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