StrikeForce Technologies provides products that combat online identity theft by protecting customers, employees and partners in real time at every vulnerable point. (www.strikeforcetech.com) Its products prevent fraud during account creation, account access, transactions, and changes, saving businesses millions of dollars, offering new levels of customer protection, and strengthening their brand names.
How do companies protect customers' and employees' personal identity information while keeping sites easy to use as the problems of data breaches and identity theft get into the billions of dollars? This is a make-it-or-break-it issue for banks, e-commerce merchants, government agencies, credit card companies, and enterprises as the regulatory and compliance environment becomes increasingly more rigorous. The answer may determine the success of a business—especially as emerging attacks and public disclosures about
identity theft accelerate globally.
StrikeForce Technologies' product suite:
• Protects personal information and shuts out fraudsters.
• Authenticates a user's identity.
• Exploits common devices and high-security tools—phones, PDAs, PCs, and tokens—to create highly secure 2-factor and "Out-of-Band" user authentication.
StrikeForce Technologies is a unique company that:
• Protects everyone—customers, partners, consumers, and employees—in real time against identity fraud at every access point with their products.
• Preserves the online experience and provides unobtrusive access to users while ensuring that they truly are who they say they are.
• Offers customized two-factor "Out-of-Band" solutions that are customized and scalable, based on the level of security required and preferred technology methods.
ProtectID® offers 2-factor "Out-of-Band" authentication across many methods and devices for protection. Methods are preferable and low cost for delivering One Time Passwords (OTP). This approach leverages a 2nd network for entering or receiving passwords (or pins), which locks out hackers—even if they have your username and password. Product available for installation or Cloud Service. (Pat No: 7870599)
GuardedID® is a keystroke encryption anti-keylogger that functions at the keyboard level, preventing keyloggers (malware) from stealing login and confidential information—the #1 Consumer Threat noted by the FBI and the 2010 Verizon Data Breach Report.
StrikeForce Technologies generates a high-quality revenue stream derived from initial sale revenue and bolstered by recurring revenue stream from each license sold. Current contracts include:
• Known Global Wall Street Investment Firm. Contracted to use ProtectID through our Cloud Service for all of their Global Wealth clients soon to 10x the volume. Projected revenues of $.4mm in 2011 and yearly recurring revenue thereafter.
• Trend Micro. Contracted to OEM our GuardedID product combined with their anti-virus products globally. Projected revenues of $100k in 2011 and increasing with recurring revenue. They are also highlighting GuardedID for direct sales
through us in their electronic and physical newsletters.
• Other major clients include Intersections, one of the largest ISPs and telecommunications providers in the United States, one of the nation's top chip manufacturers, and other financial, government agencies and enterprises contracted or in pilot, that for contractual reasons have yet to be publicly announced. Company is also in contracts with various well established resellers and distributors with whom the majority of our contracts are closing.
Projected revenues in 2011 and 2012 are approximately $3mm and $11mm respectively.
StrikeForce Technologies was founded in 2001 and is headquartered in Edison, New Jersey.
The Out-of-Band Two-Factor Authentication Patent (No. 7870599) has been granted as of January 11, 2011. GuardedID has a patent pending.
Mark L. Kay
Chairman and CEO
26 years Managing Director at JPM
George Waller
Executive Vice President
25 years Sales Experience
Ram Pemmaraju
Chief Technology Officer
11 years Bell Labs-Bell Core and the Inventor
Company IR Contact
Bryan Crane
BlueWater Advisory Group
805-294-3723
BCrane@BWAdvisory.com
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