In today´s world, everybody who has the key or the password for your account can login. No matter who they are and what their intention is.
Username/password leaks and hacker attacks can damage brand reputation and trust – and create legal liabilities. The financial loss for companies with all the side impacts is calculated in hundreds of billions of US dollars each year.
Almefy makes sure that the person who is trying to login is actually the person owning the account by using Identity Based Encryption (IBE).
Identity-based encryption (IBE) is a type of public key encryption in which a user can generate a public key from a known unique identifier such as an email address, and a trusted third-party server computes the corresponding private key based of that public key.
This way, no public keys need to be distributed before encrypted data is exchanged.
The sender can simply use the recipient’s unique identifier to generate a public key and encrypt the data. The recipient can generate the corresponding private key using the trusted third-party server – called the private key generator (PKG).
GMV is Almefy’s technology partner, shareholder and research &
development partner .
GMV offers its solutions, services and products in very diverse sectors. GMV has 25 years of experience working in cybersecurity.
Our core security engine is provided by GMV, a privately owned technological business group with an international presence. Founded in 1984, GMV offers its solutions, services and products to a wide range of industries: Aeronautics, Banking and Finances, Space, Defense, Health, Cybersecurity, Intelligent Transportation Systems, Automotive, Telecommunications, and Information Technology for Public Administration and large corporations.
Visit www.gmv.com for more information.
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Feringastrasse 6
85774 Munich
Germany
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