The PasswordBox service has already brought relief to millions of consumers who now enjoy simple, instant login.
#PASSWORDBOX SERVICE PASSWORD#
“Everyone can relate to password fatigue. Referring to the acquisition, said Chris Young, senior vice president and general manager of Intel Security Group, said: PasswordBox’ applications can help address these problems. Thirty-seven percent of users surveyed said they had sought help because they had forgotten either their password or username. In 2013, Experian reported that the average person had 26 password-protected online accounts, but used only five different passwords. A recent Deloitte study found that over 90% of user-generated passwords are vulnerable to hackers. Secure passwords are vital to protecting confidential or personal data. Passwords and usernames, a growing headache PasswordBox staff on the day Intel’s acquisition was announced. All PasswordBox’ forty-eight workers are now employed by Intel Security Group, Intel informed.Īccording to Intel, the acquisition will support future innovations, which will be “announced at a later date.” Intel’s purchase of PasswordBox has already taken place. PasswordBox was founded in 2012 and raised $6 million from several investors, including Facebook’s Lee Linden and Omers Ventures. PasswordBox’ technology will help Intel’s customers cope with password and username problems. It won best mobile app at the Las Vegas tradeshow CES.
PasswordBox has registered 14 million downloads this year so far. PasswordBox’ technology will be integrated into Intel Security Group’s offerings. in 2011 for $7.7 billion and rebranded it as Intel Security Group. The Intel Security Group aims to make PasswordBox part of its plan to strengthen and simplify security by reducing the needs for users to have to remember a load of passwords. Intel wrote in a statement “Terms of the transaction were not disclosed and are not material to Intel’s operations.” Neither company disclosed how much was paid for the start-up business. Put simply, PasswordBox allows users to log into applications or websites from any device without having to remember their passwords or usernames. announced on Monday it had bought Montreal-based PasswordBox, a digital life manager that allows people to store, retrieve and share passwords and other personal information on any device.
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