Strikeforce Technologies, Inc (SFOR.PK)
StrikeForce Technologies provides products that combat online identity theft by protecting customers, employees and partners in real time at every vulnerable point. (www.strikeforcetech.com) Its products prevent fraud during account creation, account access, transactions, and changes, saving businesses millions of dollars, offering new levels of customer protection, and strengthening their brand names.
How do companies protect customers’ and employees’ personal identity information while keeping sites easy to use as the problems of data breaches and identity theft get into the billions of dollars? This is a make-it-or-break-it issue for banks, e-commerce merchants, government agencies, credit card companies, and enterprises as the regulatory and compliance environment becomes increasingly more rigorous. The answer may determine the success of a business—especially as emerging attacks and public disclosures about
identity theft accelerate globally.
StrikeForce Technologies’ product suite:
• Protects personal information and shuts out fraudsters.
• Authenticates a user’s identity.
• Exploits common devices and high-security tools—phones, PDAs, PCs, and tokens—to create highly secure 2-factor and “Out-of-Band” user authentication.
StrikeForce Technologies is a unique company that:
• Protects everyone—customers, partners, consumers, and employees—in real time against identity fraud at every access point with their products.
• Preserves the online experience and provides unobtrusive access to users while ensuring that they truly are who they say they are.
• Offers customized two-factor “Out-of-Band” solutions that are customized and scalable, based on the level of security required and preferred technology methods.
ProtectID® offers 2-factor “Out-of-Band” authentication across many methods and devices for protection. Methods are preferable and low cost for delivering One Time Passwords (OTP). This approach leverages a 2nd network for entering or receiving passwords (or pins), which locks out hackers—even if they have your username and password. Product available for installation or Cloud Service. (Pat No: 7870599)
GuardedID® is a keystroke encryption anti-keylogger that functions at the keyboard level, preventing keyloggers (malware) from stealing login and confidential information—the #1 Consumer Threat noted by the FBI and the 2010 Verizon Data Breach Report.
StrikeForce Technologies generates a high-quality revenue stream derived from initial sale revenue and bolstered by recurring revenue stream from each license sold. Current contracts include:
• Known Global Wall Street Investment Firm. Contracted to use ProtectID through our Cloud Service for all of their Global Wealth clients soon to 10x the volume. Projected revenues of $.4mm in 2011 and yearly recurring revenue thereafter.
• Trend Micro. Contracted to OEM our GuardedID product combined with their anti-virus products globally. Projected revenues of $100k in 2011 and increasing with recurring revenue. They are also highlighting GuardedID for direct sales
through us in their electronic and physical newsletters.
• Other major clients include Intersections, one of the largest ISPs and telecommunications providers in the United States, one of the nation’s top chip manufacturers, and other financial, government agencies and enterprises contracted or in pilot, that for contractual reasons have yet to be publicly announced. Company is also in contracts with various well established resellers and distributors with whom the majority of our contracts are closing.
Projected revenues in 2011 and 2012 are approximately $3mm and $11mm respectively.
StrikeForce Technologies was founded in 2001 and is headquartered in Edison, New Jersey.
The Out-of-Band Two-Factor Authentication Patent (No. 7870599) has been granted as of January 11, 2011. GuardedID has a patent pending.
Mark L. Kay
Chairman and CEO
26 years Managing Director at JPM
George Waller
Executive Vice President
25 years Sales Experience
Ram Pemmaraju
Chief Technology Officer
11 years Bell Labs-Bell Core and the Inventor
Company IR Contact
Bryan Crane
BlueWater Advisory Group
805-294-3723
BCrane@BWAdvisory.com
Duration : 0:13:31
Incoming search terms for the article:
Obama Pushes Chinese-Style Internet ID System – Alex Jones Tv Sunday Edition 1/3
Paul Joseph Watson
http://www.infowars.com/
http://www.prisonplanet.tv/
http://www.infowars.net/
http://www.prisonplanet.com/
April 18, 2011
A new program being touted by the Obama administration as a solution to online identity theft actually increases the risk of identity theft while providing the government with a national ID system through the backdoor, paving the way for a world wide web in which users will need government permission to access the Internet.
The so-called “National Strategy for Trusted Identities in Cyberspace,” created by NIST under the auspices of the U.S. Commerce Department, purports to offer an “identity ecosystem” under which Americans will be able to protect their information not with passwords but with a “single credential” stored on a smart card, a cell phone, a keychain fob or some other kind of gadget. This will then be used to access a myriad of data, including tax returns, health information, bank accounts and more, amounting to a passport for your entire life.
Companies like Siemens developed credit card-sized gadgets years ago that enable fingerprints to be used to approve online transactions and the technology is already well established. A series of workshops are planned for June to September during which the government will nail down specifics with companies who are on board with the project and pilot projects will be launched next year.
The program bears more than a passing resemblance to a 2007 proposal by China that threatened to force bloggers to register their real identities and personal details via a single centralized ID system as a means for the Communist government to control information and punish dissenters.
That idea was scrapped for being too draconian, but the Obama administration is pushing ahead with its own Internet ID system in pursuit of a wider cybersecurity agenda that Senator Joe Lieberman has publicly stated is aimed at mimicking Chinese-style censorship of the world wide web, casting doubt on assertions in the government PR video for the program embedded above that claim, “there is no central database tracking your actions”.
The irony of the fact that the program will be managed by a government that has routinely stolen and lost personal information (including that related to personal health data) through both malevolence and incompetence is not addressed in the propaganda video. Remember cash for clunkers? This is the same government that openly admitted it had seized control of data on Americans’ computers who used the cars.gov website.
Although the program will initially be voluntary, its widespread adoption by numerous internet hub giants will eventually make its use necessary for conducting any kind of transaction, creating profiles or engaging in any interactive process on the web.
http://www.infowars.com/obama-pushes-chinese-style-internet-id-system/
Duration : 0:15:27
Money Management : Online Banking vs. Traditional Banks
Online banking is just another way for a person to access traditional banks. Discover how online banking makes things cheaper for the banks themselves with help from a portfolio manager in this free video on money management and financial advice.
Expert: Roger Groh
Bio: Roger Groh is the founder of Groh Asset Management.
Filmmaker: Bing Hu
Duration : 0:1:22
Identity Theft
Identity Theft is becoming a bigger problem, in part because people are using more and more technology. Consumers must become more vigilant about where and how they store personal information to avert identity theft.
Duration : 0:2:34
Child Identity Theft
Has your child’s identity been stolen? While identity theft is often committed by strangers, sometimes parents and other relatives steal the financial identities of children to get access to more credit.
Duration : 0:2:6