LAS VEGAS, NV--(Marketwired - November 05, 2013) - LaunchKey, a company that provides a secure approach to allow individuals to sign in or authenticate on websites, today announced Praetorian, a leading information security provider, found the LaunchKey platform exceeds information security best practices as determined by a thorough security assessment. This outcome further demonstrates LaunchKey's commitment to developing secure applications for enterprise partners, developers and individuals.
LaunchKey, a cyber security company evolving the identity and access management (IAM) space with an anonymous multi-factor authentication platform, utilizes smart devices end users already own. The company is exposing the vulnerabilities inherent in passwords and revolutionizing the way companies and individuals gain access to online information and content.
The time-boxed security assessment followed Praetorian's comprehensive methodology to provide a thorough review of the web and mobile applications along with supporting network infrastructure. Using a combination of manual and dynamic analysis, Praetorian's security assessment covers areas such as configuration management, storage protection, transport protection, authentication, authorization, session management, data validation, and error and exception handling.
"LaunchKey provides a password-free way for companies to keep user information secure and anonymous. We are vigilant about security and continue to take additional steps to ensure the protection of user and company privacy," said LaunchKey Co-Founder and CEO Geoff Sanders. "Enterprise organizations, developers and individuals -- basically everyone -- can benefit from LaunchKey's technology platform. We're on a mission to kill passwords."
Praetorian analyzed the current state of LaunchKey's multi-factor authentication platform from August 5-16, 2013, conducting a retest from September 16-20, 2013. Based on the evidence collected from the assessment, Praetorian found LaunchKey's multi-factor authentication platform to exceed "Industry Best Practice." Although the conclusion reached from the analysis represents a "snapshot" in time, LaunchKey is dedicated to ongoing, proactive security testing and will continue to take additional steps to protect the privacy and security of users and organizations.
Praetorian's assessment service demonstrates that LaunchKey actively identifies and remediates application vulnerabilities, and is a clear indicator to LaunchKey's users that the company's security continues to meet or exceed industry standards.
"The LaunchKey team demonstrated a solid understanding of security," said Paul West Jauregui, vice president of marketing at Praetorian. "They recognize the importance of security and quickly took steps to remediate issues identified during the initial Praetorian assessment, resolving some of the issues while testing was still underway."
The LaunchKey application is available for free in Google Play and the Apple App Store. For more information, visit www.LaunchKey.com.
LaunchKey is evolving user authentication and eliminating passwords with anonymous multi-factor Authentication-as-a-Service (AaaS) through smartphones and tablets. LaunchKey's free app enables users on websites, applications and other networked systems to securely and privately authenticate without passwords. For developers, LaunchKey provides a trustworthy alternative to password-based user authentication while reducing the liability passwords create. The founders were named to Inc. Magazine's prestigious "30 Under 30" list of entrepreneurs for 2013. For more information, visit www.LaunchKey.com.
Praetorian is an information security provider dedicated to helping organizations achieve risk-management success. As the leader in application, mobile, and cloud security, Praetorian helps clients identify, prioritize, and mitigate risk in the most cost-effective way possible. Combining superior technical prowess, trusted business acumen, comprehensive reporting, and unparalleled delivery, Praetorian acts as a trusted advisor to today's leading companies. For more information, visit www.praetorian.com or follow us on Twitter: @PraetorianLabs.