Privakey was launched in 2016 to address one of the most vexing problems in the cybersecurity industry. Our team recognized that consistency is the key to achieving the elusive balance between security and convenience in online transactions. It is virtually impossible to achieve convenience without consistency, yet site specific passwords and interrogating knowledge based questions remain at the core of the vulnerabilities and consumer frustration that plague the web today.
Our technology offers a better way for customers and other external users to assert their identities and authorize transactions. Privakey enables a simple, consistent, and secure way for customers to interact with a brand, across all channels, without ever having to use a password or answer a security question. Whether customers are online, in person, on the phone, or on a mobile app, Privakey enables the consistent seamless omni-channel experience that they desire.
Privakey delivers MFA-level security, without the hassle of passwords or password managers, SMS messages, out-of-band codes, scanning QR codes or juggling multiple devices. All a user needs is their device (phone, tablet, or computer), and a PIN or biometric as the second factor. The second factor is not stored, so it protects against phishing, keylogging, device cloning, ATO, and other common attack vectors.
The team at Privakey has a long history of success in the identity and access management (IAM) market. With more than 70 years combined experience in digital identity solutions, we have been delivering state of the art software and services to industry leading companies since the turn of the century. Our customers have included IBM, Verizon, General Dynamics, and many large federal agencies. We have a strong intellectual property position, including patent protection.