PasswordBox

In December, 2014 Intel announced PasswordBox acquisition — the company located in Montreal which offers popular cross-platform service of management of the identification information. Development allows users easily and just to log in to accounts on all websites and applications from any device without the need for password entry. As a result of this transaction of PasswordBox * will be a part of structure of Safe Identity within Intel Security Group. Safe Identity is engaged in development of solutions which reliably store data on passwords, simplify and strengthen data protection and allow users to get access to the accounts quickly.

PasswordBox * was the private company founded in 2012. The staff of the company totaled 48 employees, and the headquarters of the company was in Montreal (Quebec, Canada). All staff of the company passed to work into Intel Security. The PasswordBox application received an award "The best mobile application" within CES 2014 and 14 million times were loaded. The transaction on acquisition of Intel of PasswordBox company * becomes effective immediately. Terms of transaction are not disclosed and have no essential value for transactions of Intel. It is supposed that this transaction will support future innovations which it will be announced later.

Reliable passwords are a part of personal information protection. According to the report of Deloitte company, more than 90% of the passwords created by users are vulnerable for the attacks of malefactors, and 10 thousand the most widespread passwords are used for 98% of all accounts.

In 2013 the Experian company defined that, on average, each user had 26 accounts, but for their protection used only 5 different passwords.

Nearly 37% of users asked for the help in the relation of a user name or the password, at least, for one website a month. Intel Security and PasswordBox * will allow to solve all these problems connected with accounts.

"At each of us there is a feeling of irritation, vyzanny need to remember too many passwords, – Chris Young, the senior vice president and the head of Intel Security Group told. – The PasswordBox service already helped millions of users who can provide instant access in all the accounts now. Intel Security and PasswordBox * pursue the aim to improve mechanisms of protection of the identification information for different devices and platforms. We are sure that we have necessary technologies and experience to help users to get simple and convenient access to accounts".

Intel Security

Formed by Intel in January, 2014, the division of Intel Security integrates experience of McAfee in the field of data protection with innovations and high high-speed performance of products of Intel. The division of Intel Security is focused on the solution of topical issues in the field of digital protection. Proposed solutions will give the chance to users to get additional feeling of confidence thanks to simpler access to necessary information. Intel Security will use the current and future developments of PasswordBox * to provide to users three main advantages:

• Failure from need to remember numerous passwords. In the solution PasswordBox * one of the most effective systems of filling of registration forms in which the development expecting the patent for an input in an account by one touch to the screen (for mobile devices) and a one click on the mouse button is used is applied (to browsers). Intel Security will continue development of this functionality in order that users could just get easily and access to all the favourite websites and applications.
• Simple protection. In conditions when many face theft of important data, users are forced to create harder and harder passwords which include uppercase letters, digits and special characters. Intel Security will be used advantage of exclusive usability of PasswordBox * with new technologies of identification which will allow users to receive exclusive convenience of using and to save reliable protection.
• Creation of solutions of the next generation. Intel Security integrated the leading innovators in the development areas of the hardware, software and services to create solutions which will resolve the most important issues of security. Integrating the Intel Security resources and experience of a team of specialists of PasswordBox *, Intel aims to satisfy requirements of all categories of users.