LONDON (ShareCast) - (ShareCast News) - Digital identity, credential management and secure mobility provider Intercede announced the launch of MyID as a service (MyIDaaS), which it said was a cloud-based variant of the group's successful MyID software.
The AIM-traded company said the launch of MyIDaaS reflected its recognition that "all enterprises" were facing increasing demands for higher levels of security.

It said the solution had been created by envisioning and re-engineering the company's existing MyID solution to operate as a secure, self-service, multi-tenanted cloud service.

Intercede said it was designed to enable organisations to replace employee passwords with more secure and convenient digital identities on real or virtual smart cards, pluggable tokens, mobile devices and embedded security modules.

The solution managed the lifecycle of credentials, for example by revoking them if a user left an organisation or updating them in advance of the credentials expiring.

Businesses using the service would be provided with a dedicated certification authority and the ability to deploy digital identities onto hardware-secured zones within existing enterprise computers and devices.

That included Intel Authenticate or IPT on Intel powered computers and Trusted Platform Modules on platforms running Microsoft operating systems.

Future support for physical smart cards, smartphones and Internet-of-Things connected devices was planned.

"Regardless of the organisation in question, weak or compromised credentials continue to be today's security downfall," said chairman and CEO Richard Parris.

Usernames and passwords are the number one cause of the majority of data breaches.

"While there have been solutions to this problem for a number of years, most of them have been inaccessible to companies with limited IT budgets, scarce resources and a lack of in-house security skills."

Parris said that for more than 20 years, Intercede had been "at the forefront" of securing some of the most sensitive and critical industries, including defence, aerospace, government and financial institutions.

"Through MyIDaaS, we are now offering that same level of security to businesses, without the pain of infrastructure overhaul or significant cost.

"We believe that it provides a proven, cost effective solution for enterprises of all sizes that need to comply with new regulations for protecting customer information."

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