BioPassword, Inc., the leading innovator in multi-factor authentication software for enterprise risk management, today announced unique monitoring and reporting capabilities as part of its authentication software platform. Leveraging its award-winning software that identifies users by the rhythm of their typing, BioPassword's new dashboard features provide a reporting overview to help IT and security administrators easily and efficiently identify anomalies in a user's access profile. Because BioPassword monitors and authenticates users, it opens new forensics regarding password sharing and now alerts the IT Administrator when a user account could be compromised - ensuring the security and integrity of access to an organization's digital assets.

In the recent high-profile case of an unauthorized trader defrauding an international financial institution, the trader used other employees' passwords to gain entry to the bank's system. A lack of a security solution to prevent password sharing has potentially cost the bank $7.2 billion. But this isn't an isolated incident. A recent survey from the Ponemon Institute found that 67 percent of employees believe their organizations outlaw password sharing, but 46 percent of them share their passwords anyway.(1) These startling statistics highlight the need for organizations to implement a multi-factor authentication platform that will protect their important digital assets.

"Given the possibility of a password-sharing incident jeopardizing financial assets, we want to make sure we take the steps necessary to protect our company and customer information," said Darrin Moorer, senior vice president at First Community Bank. "With a solution like BioPassword, we feel that it is next to impossible to share passwords, and because we have the ability to monitor and act upon any potentially dangerous activities, we feel that our company is more secure."

BioPassword's innovative platform provides an authentication monitoring option by combining explicit authentication factors (a username and password) with contextual factors (for example, typing rhythm). The new reporting capabilities allow IT and security administrators to use BioPassword to monitor and act on widely varied typing rhythm or other suspicious behaviors which generate an alert for a potentially fraudulent activity. And unlike other forms of authentication such as tokens or smart cards, keystroke rhythm cannot be shared, lost, stolen or forgotten, thereby minimizing the possibility of credential sharing and identity theft.

"The addition of our new technology enhances the BioPassword solution to monitor system access and help detect account access anomalies," said Mark Upson, president and chief executive officer, BioPassword. "Now the IT and security administrator has the ability to first detect if there is a credential sharing issue and the extent of the risk before having to implement broad-based prevention."

(1) Ponemon Institute, Data Security Policies Are Not Enforced, December 2007

About BioPassword, Inc.

BioPassword, Inc. (www.biopassword.com), located in Issaquah, Washington, is the leading innovator in multi-factor authentication software. Unlike expensive authentication products which rely on hardware tokens or client applications, BioPassword uses a simple, yet powerful, combination of the user's standard logon credentials and additional factors such as keystroke dynamics, one time passwords, and challenge questions. BioPassword's software-only server-based solution is accurate, secure, scalable to millions of users and immediately deployable across the enterprise and the Internet without impacting users. BioPassword is currently delivering multi-factor authentication for organizations in a variety of industries, including: financial, healthcare, digital rights management, government, law enforcement, manufacturing, legal and automotive. To learn more about BioPassword visit our website or contact us at (425) 649-1100.