RCS - Intercede Group PLC - Strategic partnership with Microsoft

IntercedeAnnouncement

19/08/2024 07:00

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RNS Number : 8724A  Intercede Group PLC  19 August 2024

 

 

RNS Reach

19 August 2024

INTERCEDE GROUP plc

('Intercede', the 'Company' or the 'Group')

Intercede and Microsoft Join Forces to Streamline FIDO Passkey Management for
the Enterprise

Intercede, the leading cybersecurity software company specialising in digital
identities and strong authentication, announces a strategic partnership
between Microsoft and the Company that will bring cutting-edge FIDO Passkey
management to the Enterprise.

This collaboration combines Intercede's expertise in Credential Management
Systems with Microsoft Entra ID to allow administrators to create and register
FIDO Passkeys on behalf of users on devices such as the Yubikey family of
devices or smart phones. This development allows FIDO Passkeys to be managed
in a similar way to PKI based devices through MyID CMS and then passed to
Microsoft Entra ID for use during user authentication. Importantly, this
enables organisations to comply with US federal government security
legislation including FIPS 201/SP 800-63 at the highest levels of assurance.

 

"Microsoft is committed to realising the full promise of passkeys to help
accelerate adoption within enterprise organisations. Our n
(https://techcommunity.microsoft.com/t5/microsoft-entra-blog/public-preview-microsoft-entra-id-fido2-provisioning-apis/ba-p/4062699)
ew FIDO2 provisioning APIs
(https://techcommunity.microsoft.com/t5/microsoft-entra-blog/public-preview-microsoft-entra-id-fido2-provisioning-apis/ba-p/4062699)
, and our collaboration with leading vendors like Intercede, represent a big
step forward in helping organisations create fast, easy and secure
authentication journeys from day one," said Natee Pretikul, Principal Product
Management Lead at Microsoft Security.

 

"A number of our customers have been looking to bring FIDO passkeys into their
authentication solutions due to the phishing-resistant nature of the
technology and the ability to use them across multiple platforms, including
mobile. Until now, the lack of ability to integrate credential management
systems with Entra ID for passkeys has been a barrier to adoption.  I am
delighted that by working with Microsoft this barrier has now been removed and
organisations can benefit from stronger, managed authentication." added Allen
Storey, CPO at Intercede.

 

What's Next: We're moving quickly to bring this partnership to life. A first
version of the implementation will be ready for demonstration within the next
two weeks. Full availability of the provisioning API will be included in the
next release of MyID CMS v12.12
(https://www.intercede.com/myid-product-suite/myid-cms-solutions/) .

 

ENQUIRIES

 Intercede Group plc                Tel. + 44 (0)1455 558111
 Klaas van der Leest                CEO
 Nitil Patel                        CFO

 Cavendish Capital Markets Limited  Tel. + 44 (0)20 7220 0500
 Marc Milmo/Fergus Sullivan         Corporate Finance
 Tim Redfern/ Ondraya Swanson       ECM

 

 

 

 

About Intercede

Intercede is a cybersecurity software company specialising in digital
identities, and its innovative solutions enable organisations to protect
themselves against the number one cause of data breach: compromised user
credentials.

 

The Intercede suite of products allows customers to choose the level of
security that best fits their needs, from Secure Registration and ID
Verification to Password Security Management, One-Time Passwords, FIDO and
PKI. Uniquely, Intercede provides the entire set of authentication options
from Passwords to PKI, supporting customers on their journey to passwordless
and stronger authentication environments. In addition to developing and
supporting Intercede software, the Group offers professional services and
custom development capabilities as well as managing the world's largest
password breach database.

 

For over 20 years, global customers in government, aerospace and defence,
financial services, healthcare, telecommunications, cloud services and
information technology have trusted Intercede solutions and expertise in
protecting their mission critical data and systems at the highest level of
assurance.

For more information visit: www.intercede.com (http://www.intercede.com)

 

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