ELIoT Pro Whitepaper Series Part 1: Broken system
We introduce the first of the four parts of the whitepaper presenting our solution – ELIoT Pro.
In part 1 of the ELIoT Pro Whitepaper Series, we talk about the issues associated with using password-based credentials for Human-to-Machine (H2M) authentication and the move into the post-credentials era.
We are not safe – the curse of credentials
Nowadays, the authentication methods used, which based on use a password, fingerprint or text message code, are very vulnerable to hacking attacks such as phishing or man-in-the-middle attacks.
Phishing is a type of social engineering attack often used to steal user’s data, including login credentials and credit card numbers. It occurs when an attacker, masquerading as a trusted entity, dupes a victim into opening an email, instant message, or text message. After clicking on the false link and entering data, hackers take over your data.
Man-in-the-middle is a type of eavesdropping attack that occurs when a malicious actor inserts himself as a relay/proxy into a communication session between people or systems. A MITM attack exploits the real-time processing of transactions, conversations or transfer of other data.
Media are constantly reporting on the next major brands in the world that have stolen millions of usernames and passwords. This has affected such companies as LinkedIn, Dropbox, Ebay.
In 2016, it was reported that around 95 passwords were stolen every second. This number is still growing!
What we do? Find out our solution – ELIoT Pro
Cyberus Labs primary goal was to eliminate the use of credentials and create a platform where there was nothing for hackers to steal like passwords or even fingerprints. This would mean phishing and man-in-the-middle attacks are simply not possible using this platform.
How we do it? Cyberus Labs spent 3 years developing a unique password-free user authentication platform which was designed to be ultra-secure and at the same time simple and fast to use. Our system enables users to log on to websites, mobile applications, and complete transactions and exchange information with fully authenticated service providers without the need for any credentials like user IDs or passwords.
Sounds interesting? Download our ELIoT Pro Whitepaper Series Part 1 and find out how to protect sensitive data from hackers!
Stay safe with ELIoT Pro solution.