How they describe themselves: PasswordPing is a cybersecurity company focused on compromised credential screening. PasswordPing makes it easy to identify exposed credentials, harden the password layer, and block account takeover attempts.
PasswordPing’s solutions draw from a cloud database of billions of exposed login credentials collected from the Internet and Dark Web. PasswordPing customers leverage the APIs to securely access the database and detect compromised credentials for their users, customers or employees.
With new regulatory pressures and the new US NIST password guidelines, compromised credential screening is becoming a standard in security, not just a nice-to-have.
How they describe their product/innovation: It is estimated that the U.S. consumer banking industry faces nearly $50 million per day in potential losses from credential stuffing cyberattacks. These attacks rely heavily on the reuse of credentials exposed in third-party data breaches.
PasswordPing’s account takeover and credential stuffing solution screens every login to identify compromised credentials and passwords. PasswordPing screening draws from a massive cloud database of billions of exposed login credentials collected from the Internet and Dark Web.
Our financial services customers leverage APIs to securely access the database and detect compromised credentials for their customers and employees.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms