Lookout adds security offerings with SaferPass acquisition
Summary
Lookout has acquired SaferPass, adding password management technology to its suite of security offerings and furthering its goal to provide customers with proactive protection. Lookout acknowledges that usernames and passwords are now ubiquitous for authenticating and validating a user’s identity across activities such as online shopping, banking, or even connecting to corporate applications and email. The research also found that almost 64% of people reuse the same passwords across their online accounts, and if these login credentials are compromised, it can result in significant consequences, such as personal identity theft or stolen corporate information. “At the same time, large scale data breaches have leaked billions of consumer emails and passwords on the dark web, putting individuals at risk of identity theft and financial fraud. “The SaferPass team shares our vision for providing seamless security solutions that address all access points and protect personal and corporate data wherever it may reside.