HYPR is trying to help American businesses prepare for the threat of a Russian cyberattack. The company noted that malware attacks against critical infrastructure like energy and chemical facilities were up 102 percent in the first quarter of 2021, and that figure is expected to climb in light of Russia’s invasion of Ukraine.
To combat that threat, HYPR has agreed to make its True Passwordless MFA solution available for free as part of its participation in the Cybersecurity & Infrastructure Security Agency’s (CISA) Shields Up! Program. The program was put together to make sure that the US would be able to respond to a Russian cyberthreat, with technology from a list of Free Cyber Security Services and Tools.
The full list includes more than 100 different cybersecurity products, though HYPR is the only authentication provider. HYPR is also one of only five solutions that have been classified as an “instrumental tool in helping organizations maximize resilience against a destructive cyber incident,” according to CISA. The company noted that the vast majority of data breaches can be attributed to human error, and argued that passwordless and multi-factor authentication techniques can effectively guard against phishing and other forms of fraud.
“The Shields Up Program is a vital call to action from CISA aimed at educating and arming global organizations with the intelligence and tools to prepare and protect against a foreign attack,” said FIDO Alliance Executive Director and CMO Andrew Shikiar. “HYPR has taken a laudable step to help protect businesses against the growing number of remote attacks that pose an existential threat to the integrity of our networked society.”
“History has shown that simple human error has catastrophic implications regardless of size, budget, or sector,” added HYPR Co-founder, CEO, and CTO Bojan Simic. “This opportunity allows HYPR to democratize passwordless authentication.”
HYPR joined the Microsoft Intelligent Security Association in July of 2021. The company also brought in $35 million in Series C funding earlier that same year.
June 6, 2022 – by Eric Weiss