Here are a few obvious issues:
- Memorization is a notoriously unreliable way to store passwords. Requiring the user to press the “Forgot Your Password” button is not only humiliating but time-consuming and clunky.
- The sheer volume of passwords required is growing with increased app downloads.
- Many sites increasingly require complicated passwords which make it more difficult to remember.
- Password management tools are prone to breaches, which occur far more often than you think.
For a shocking exercise, find out how many of your passwords are currently or recently compromised through Google.
We at ITBiometrics guarantee the numbers will alarm you just as it alarmed one of our teammates, who found at the time of writing this article, that she had 33 website and application passwords compromised!
“We designed the BCD™ to solve the password problem, but along the way blockchain emerged and then cryptocurrency was introduced.” states ITBiometrics founder Howard Prager. He elaborates: “We saw so many people getting hacked and losing electronic currency with hot wallets, that we decided to apply this technology to cold wallet storage. Because here’s the thing, hot wallet data and currency are stored on the cloud, which makes it a huge target for hackers.”
Initially, traders secured their bags using thumb drives and a slew of cold storage devices followed, but, “we also found an article on the dark web explaining 45 ways to hack all of our competitors, so we made ours unhackable,” Howard beams.
We’re confident when we say, Cold storage with biometric credentialing is the security solution for serious alt-coin traders who want to protect their electronic holdings.
Who is ITBiometrics?
It was a mid-week morning and our Founder, Howard Prager, was reviewing research at his desk as he commonly does. “It was my hobby to read other people’s research. I was interested in neuroscience and I was also interested in the fact that there’s a device in neuroscience that is being affected by artificial intelligence. I thought how dangerous that could be, and then I found out that Elon Musk is financing.” He was alarmed at the lack of forethought behind the initiative.
“I became motivated to cause there to be some kind of way to intervene, or at least provide a solution. One rabbit hole led to another and, as a tangent, I fell onto the ITBx™, which is not a solution for that problem, but it is an important solution to provide.”
Howard has been in the computer industry for some time now, having collaborated with Bill Gates on what is now DOS, and programming key-responses into the early Apple operating systems. “Back then the conversation was always, ‘Can we have a biometric element?’ and the answer was no! The technology just wasn’t there.”
“I remember,” Howard continues, “when Microsoft and Google announced they were going to partner to defeat the password, and thinking that an independent solution, like ITBiometrics would be essential.”
Crypto Caught your eye? ITBiometrics’ Big Vision
Our mission is providing biometric solutions to those needing it most.
The ITBiomertrics team is comprised of a wide variety of visionaries and inventors with all kinds of backgrounds. “It is our mission to provide our cutting edge technology to people who need it most, not necessarily the highest bidder,” Howard admits. “One of our team members was a refugee as a child and has worked with refugees in a philanthropic capacity as an adult. She has kept us looking at how we can support displaced communities around the world with our technology.”
“We’re renegades in our eyes,” continues Howard. A human-first approach has led to a series of initial products to give back to the community in a positive way.
“I’m a big believer in turning poison into medicine,” Howard says, adapting the age-old lemons-to-lemonade standard. The point is, there are many people, small organizations, even large corporations who can benefit from our products, especially during these unprecedented times.
Our Roadmap to Success
We know that our mission, vision, and products will make an unparalleled difference in technology and security.
In an effort to scale our efforts, we are currently planning a Reg A IPO to raise capital from early investors. We plan on using all the proceeds for further product development, commercialization, and market penetration.
Our team has a few wins under our belts to date and are happy to discuss at length when you contact us.
The bottom line is, we manufacture and distribute OEM hardware products with biometric technology for those who need it the most.
We’re excited about sharing this opportunity with potential partners and investors and especially excited to reach new users who will be raving about the difference it makes in their lives.