Intercede Regulatory News (IGP)

21 March 2024

INTERCEDE GROUP plc

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

New Product Announcement

Launch of MyID MFA v5

Intercede, the leading cybersecurity software company specialising in digital identities, has released the latest iteration of its Multi-Factor Authentication MyID MFA product, version 5 ("MyID MFA v5").

MyID MFA v5 delivers enhanced security, flexibility, and easier integration for organisations seeking to protect their applications, data, and networks. It positions Intercede as the leader in the stronger authentication space, offering a comprehensive and user-friendly solution from passwords to PKI, for today's evolving security landscape.

Key Features of MyID MFA v5:

· FIDO Passkeys: MyID MFA v5 allows organisations to leverage FIDO Passkeys, enabling a secure and passwordless user experience. It acts as both a FIDO authentication server and a passkey issuance solution, supporting both Syncable Passkeys (mobile phone based) and Device Bound Passkeys (on dedicated devices like, but not limited to, YubiKeys);

· Streamlined Security and User Experience: MyID MFA v5 incorporates Identity Provider (IDP) capabilities, offering a single sign-on solution for applications, Windows desktops, self-service portals, and password resets. Additionally, it integrates with existing credentials and IDPs, minimising deployment costs;

· Enhanced Windows Desktop Agent: The Windows Desktop Agent now supports federation, 3rd party authenticators, and FIDO passkeys; and

· Integration with MyID CMS: MyID MFA v5 integrates with MyID CMS, providing a centralised management platform for all user credentials and life cycle management.

Klaas van der Leest, CEO, commented:

"I am very pleased to make this announcement, as the MyID MFA v5 product has been created by an integrated development and test team. This new functionality and product integration was a key plank of our rationale for the acquisition of Authlogics. Our customers and partners continue to derive maximum value from their investments whilst Intercede makes the most efficient use of our combined resources."

ENQUIRIES

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