Intel Acquires PasswordBox, an Award-Winning Digital Identity Manager
 

Today, Intel announced the acquisition of PasswordBox, a Montreal-based and award-winning provider of a cross-platform identity management service that gives users a convenient way to log into all of their websites and applications from any device without having to type or remember passwords. As a result of this acquisition, PasswordBox will become a part of the Safe Identity organization within Intel Security Group. The Safe Identity organization is committed to delivering solutions that reduce the pain of passwords, simplify and strengthen security and providing consumers with easy access to their digital lives.

Secure passwords are essential to protecting sensitive personal data. According to a recent report by consulting firm Deloitte, more than 90 percent of user-generated passwords are vulnerable to hacking, citing that the 10,000 most common passwords could access close to 98 percent of all accounts.1 Last year, Experian found that the average user had 26 password-protected online accounts but used only five different passwords.2 In fact, nearly 37 percent of users have asked for assistance on their username or password for at least one website per month. Together, Intel Security and PasswordBox will work to eliminate these problems.

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