Clavister Receives New Order for Its Multi Factor Authentication Service
Örnsköldsvik, Sweden, 1 October 2020. Clavister, a leader in high performance cybersecurity solutions, has received a new order for its Multi Factor Authentication (MFA) service worth 1.5 MSEK from a European enterprise customer.
The customer will use the authentication service to increase remote working efficiency in the light of the Covid-19 pandemic. Multi Factor Authentication is seen as one of the most powerful trends in cybersecurity with research firms such as Gartner and Omdia citing it as one of the best ways to increase security as weak passwords are a major vector of attacks into networks. Research cites that 80% of data breaches are because of stolen passwords and credentials.Clavister’s Multi Factor Authentication solution provides a flexible way to strengthen security, working on any phone and without installing any specialised apps.
“This win just confirms what we see on an ever increasing basis: that Identity is the New Perimeter and that customers recognize the need for this new level of intuitive, easy security using—in this case—OTP tokens or smart phone based biometric solutions,” says Clavister President and CEO John Vestberg, of the latest order win.
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Clavister is a leading European cybersecurity vendor with over 20 years of experience. Seated in Sweden, the company has customers—communication service providers, governments, enterprises and service providers in more than 150 countries. Clavister provides unique connectivity and security solutions to connect and protect their digital assets and secure business continuity. The stock, Clavister Holding AB, is listed at Nasdaq First North, Growth Markets. FNCA Sweden AB is the Company’s Certified Advisor (+46 8-528 00 399, e-mail: firstname.lastname@example.org). For more information, please visit www.clavister.com.