Plurilock Security Solutions has raised CAD $120,000 ($90,000) in funding to support the next stage of passwordless authentication technology.
The equity infusion was supplied by the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP), as a research and development support package.
With the funds, the company is accelerating the development of advanced passwordless authentication technologies that can be leveraged within commercial, enterprise and highly regulated cybersecurity environments, it claims.
Plurilock is developing an authentication solution which will help users log in to computing environments without needing usernames, passwords, USBs, fingerprints or face scans.
Plurilock CEO Ian L. Paterson said, “This non-dilutive funding supports our current research and development goals at Plurilock.
“The behavioural biometrics and machine learning technologies at the heart of Plurilock products have always logically pointed toward a passwordless experience, and we’re excited that support from NRC IRAP will enable our effort to ultimately bring that experience to market.”
He went on to explain that when the technology is mature, it will enable enterprise users to explore the web without login prompts and entering passwords. Instead, devices the user regularly interacts with will recognise them by monitoring a number of sensors and interactive data to verify them.
The rise of passwordless authentication could help save many cybersecurity issues people face. Creating a strong password is tough. Guidelines suggest they are at least 16 characters long, use a mixture of numbers, letters and symbols, and are not used on multiple websites.
Trying to remember each password is tough and many people still fall into the trap of making simple ones. New research from Ata Hakçıl stated that one in every 142 passwords is still just 123456.
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