IdentaChip is a hardware and services company that provides technology which eliminates the vulnerabilities brought about by mobile computing and the reliance on passwords as a security credential. The increasing number of successful network attacks clearly shows that passwords and existing authentication schemes are insufficient to protect enterprises and financial services.
The initial product is a smart card that will be issued by enterprises to employees for securing physical and logical access. Unlike existing hardware tokens, IdentaChip's wireless smart card is configured to biometrically verify the identity of a user and complete a secure out-of-band authentication with a network service. The wireless smart card and subscription service would secure enterprise data and resources even if passwords have been compromised and users' devices are infected with malware.