Posted on TechCrunch, by Ingrid Lunden
Secret Double Octopus is tackling what it has identified as a key problem in cybersecurity, at the authentication layer. While the mantra today is to switch services to two-factor-authentication so that your password is bolstered by authentication codes through SMS, or an external, code-generating fob, or other services, some of these have been proven to be vulnerable to hacking, or simply inconvenient to use.
Israel is home to around 450 active startups in the field of cybersecurity, according to a recent report in Reuters. Now, the one with perhaps the most distinctive name of them all is announcing some funding for a novel approach to authentication. Secret Double Octopus — which borrows a concept from the world of nuclear launch codes to build extra-secure, but simple, keyless authentication services — is announcing that it has raised $6 million in funding.