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Subject: [ISN] Two-Factor Authentication Startup Duo Security Raises $12 Million From Benchmark
From: InfoSec News <alerts () infosecnews ! org>
Date: 2014-09-23 8:47:49
Message-ID: alpine.DEB.2.02.1409230847380.3130 () infosecnews ! org
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http://techcrunch.com/2014/09/22/duo-security-12m-benchmark/
By Ryan Lawler (@ryanlawler)
Techcrunch
Sept 22, 2014
Five-year old startup Duo Security has emerged as a leader in providing
secure but easy-to-use two-factor authentication technology to a
fast-growing number of enterprise customers. To bolster its growth, the
company has raised $12 million in Series B financing from Benchmark, and
has added general partner Matt Cohler to its board.
Two-factor authentication is nothing new. Security-focused enterprises
have required their employees to deploy the technology when logging in to
applications and services containing sensitive information for the last
several decades. But the world is changing, as organizations are looking
to embrace more cloud services and employees are demanding enterprise
solutions that look more like the consumer applications they use in their
everyday lives.
For a while, enabling two-factor authentication meant using clunky,
hardware-based token authentication to ensure that a user was who they
said they were. Over time, more and more two-factor authentication
solutions have moved to the cloud, requiring users to enter in multi-digit
codes they receive via email or SMS.
In either case, the solution is less-than-ideal for a workforce that is
moving increasingly to a bring-your-own-device model for accessing
enterprise documents and applications. And with more enterprises moving
from on-premises storage and applications to cloud services, the need to
lock down sensitive data is more important than ever.
[...]
--
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