Last $0.0080 USD
Change Today -0.0015 / -15.79%
Volume 182.7K
SFOR On Other Exchanges
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OTC US
As of 11:24 AM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1090 King George's Post Road

Suite 603

Edison, NJ 08837

United States

Phone: 732-661-9641

Fax:

StrikeForce Technologies, Inc. operates as a software development and services company. The company owns the exclusive right to license and develop various identification protection software products that were developed to protect computer networks from unauthorized access and to protect network owners and users from identity theft. Products The company’s principal products ProtectID, GuardedID, inclusive of its unique CryptoColor technology and MobileTrust are proprietary authentication and keystroke encryption technologies that are intended to eliminate unauthorized access to computer networks and all mobile devices and to prevent unauthorized individuals from copying (logging) keystrokes. The company’s cyber security products are as follows: ProtectID is its patented authentication platform that uses ‘Out-of-Band’ multi-factor in-house installation, cloud service technology and a hybrid to authenticate computer network users by various methods, including traditional passwords combined with a telephone, iPhone, Droid, Blackberry, PDA, or multiple computer secure sessions, biometric identification and encrypted devices, such as tokens or smartcards as examples. The authentication procedure separates authentication information such as usernames from the pin/passwords or biometric information, which are then provided to or from the network’s host server across separate communication channels. The platform allows for corporate control and client choices, per their company’s security policies, which evolves over time with newly available and customer requested technologies. GuardedID creates a 256-bit AES encrypted real time separate pathway for information delivery from a keyboard to a targeted application on a local computer, preventing the use of spyware/malware to collect user information. This product provides keyboard encryption and helps prevent keylogging from occurring in real time, which helps prevent the number one threat to consumers and businesses in market: keylogging software, which is stealth software embedded in Websites, emails, pictures, MP3 files, videos, USB’s or other software and hardware that, once unknowingly launched, secretly monitors and records all of a user's keystrokes on the computer and sends the data to the cyber thief without the user’s awareness. MobileTrust is an advanced iPhone/iPad and Android device password vault that includes a strong password generator. MobileTrust also provides for Mobile Multi-Factor One Time Password authentication, a secured browser and keystroke encryption between its virtual keyboard and secured browser, which is critical to all confidential online transactions and other features, which is in Beta. This new feature for mobile devices, which helps prevent data breaches and stolen credentials is a critical and vital addition to all enterprise mobile users, as enterprises transition to ‘Bring Your Own Devices’ (BYOD). The company’s products sometimes include software and hardware that the company contractually license from other vendors. These products include VASCO (an authentication and e-signature solutions company) tokens, as well as additional authentication and telecommunication software devices. ProtectID also uses a software product for its Voice Biometric Out-of-Band method through a partnership with Trade Harbor. The ProtectID Cloud Service can be hosted by its service provider (the company has a strategic arrangement with a third party SAS70 hosting service), as well as the ProtectID Out-of-Band and Multi-Factor Platform, which can be installed internally in a customer’s infrastructure or as a hybrid implementation. Target Markets The company’s primary target markets include financial services, such as banks and insurance companies, healthcare providers and technology platforms, e-commerce based services companies, telecommunications and cellular carriers, technology software companies, government agencies and consumers, especially for its mobile and keystroke encryptions product. Trademarks The company has four trademarks that have been approved and registered: ProtectID, GuardedID, MobileTrust and CryptoColor. The company has one trademark that is in the application process: ID Genie. Strategy The company’s primary strategy over the next 12 months is to focus on the growth and support of its channel partners, including distributors, resellers and original equipment manufacturers (OEMs). Secondly, its internal sales team would target potential direct sales in industries that provide the greatest potential for sales. These include small to medium sized financial institutions, government agencies, e-commerce, healthcare and enterprise businesses. Significant Events In November 2013, the company announced a strategic partnership with VigiTrust. The new PCI-DSS 3.0 standard, which becomes effective January 1(st) 2014 was developed to encourage and enhance cardholder data security and facilitate the broad adoption of consistent data security measures globally. In November 2013, Data Breaches and Cyber Theft, announced a strategic partnership with VigiTrust. History StrikeForce Technologies, Inc. was founded in 2001. The company was incorporated under the laws of the state of New Jersey in 2001. It was formerly known as StrikeForce Technical Services Corporation and changed its name to StrikeForce Technologies, Inc. in 2004.

 

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