Endpoint security firm Lookout has purchased startup company SaferPass under undisclosed terms, according to VentureBeat.
The acquisition marks Lookout's attempt to expand into the password management space to bolster its suite of security solutions encompassing endpoints, cloud apps and mobile devices.
Passwords remain one of the weakest links in an enterprise or consumer's application, due to users' penchant for reusing passwords across multiple services, which means a single breach can lead to compromise for every account using those same credentials. Saferpass' solution addresses this by generating a unique and hard-to-guess password for every account owned by the user and allowing them to "autofill" this password whether the service is deployed.
"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," said Lookout CEO Jim Dolce. "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."
U.S. critical infrastructure organizations have been noted by the Department of Homeland Security to be at risk of cyberattacks leveraging artificial intelligence, with China and other nation-states exploiting the technology to deploy more advanced malware attacks and influence operations, CyberScoop reports.
Cyberattack compromises Progressive Leasing data Major U.S. consumer product leasing firm Progressive Leasing has disclosed that some of its systems have been impacted by a cyberattack that resulted in the significant compromise of personally identifiable information belonging to its customers and other individuals, according to The Record, a news site by cybersecurity firm Recorded Future.