Cyber security firm Myki has made waves with the launch of its enterprise solution, ‘Myki for Teams’. This new service aims to enhance organisational password security.
Following significant user growth, this innovative tool underscores Myki’s commitment to addressing evolving security needs through cutting-edge technology.
Myki Unveils ‘Myki for Teams’
Cyber security innovator Myki has unveiled its latest enterprise solution, ‘Myki for Teams’, which officially emerged from private beta during an announcement at TechCrunch Disrupt Berlin. This new offering has been crafted to meet the growing needs of enterprises aiming for superior password management and security. The company has leveraged its experience with individual users to develop a tool specifically for team-based environments.
Myki’s user base has seen a remarkable increase, reaching 150,000 globally in just six months. In response, the Beirut-based company decided to expand its offerings to cater to businesses. ‘Myki for Teams’ is designed to offer a substantial layer of organisational security by decentralising password management. This new service allows an administrator to tightly control access to various accounts, enhancing security.
Empowering Administrators with Advanced Tools
With ‘Myki for Teams’, administrators gain comprehensive control over access permissions. They can determine how, when, and where team members access online accounts. This feature is critical in maintaining security, ensuring that only authorised personnel can reach sensitive data.
Enterprise features include a robust secure password generator that creates unique passwords for different account levels, enhancing security across sales, marketing, and tech departments. Group management, alongside location, time, and IP-based access control, offers a multi-faceted security approach that adapts to an organisation’s specific needs.
Security Without Compromise
The convenience of cloud computing is matched with unprecedented security by distributing sensitive information across users’ devices. Passwords are never stored on the cloud or Myki’s servers, protecting them from potential cyber threats.
This decentralised approach leverages military-grade encryption to push passwords securely from phones to computers. Such state-of-the-art encryption methods ensure data is transferred safely without vulnerabilities typically associated with cloud storage.
Myki’s CEO, Antoine Jebara, stated, “We think the true future of fail-proof password security lies outside the cloud.” Emphasising Myki’s unique approach, he underscored the company’s commitment to evolving digital identity management.
Additional Features and Benefits
In addition to password management, Myki has announced a new feature in response to user demand: ‘Myki for Crypto Keys’. This allows users to securely store and manage private keys offline, reducing risks associated with cryptocurrency management. Such proactive solutions highlight Myki’s adaptability to emerging market needs.
Another enticing feature is Myki’s pricing strategy: offering the service free for the first five users. Subsequent users can be added at a competitive rate of $5 per user per month, making it accessible to businesses of various sizes. The consumer version remains free, ensuring that individual users continue to benefit from Myki’s secure platform.
Optimising Costs in Cyber Security
The Cyber Security market is booming, with an 11% annual growth rate. This growth is set to propel the industry’s value to $232 trillion by 2022. Companies are increasingly seeking cost-effective security solutions.
Myki provides a compelling alternative to traditional password management, focusing on decentralised security strategies. By ensuring that passwords are never stored on centralised servers, Myki enhances both the safety and cost-efficiency of its platform. Myki’s system exemplifies a forward-thinking approach to cybersecurity amidst an evolving digital landscape.
Vision for a Secure Future
Myki’s mission to eliminate password pain for both individuals and businesses continues to drive innovation. “Data management and protection is not a privilege, it is a right,” asserts Priscilla Elora Sharuk, Myki’s co-founder and COO. This vision underpins Myki’s ongoing efforts to refine user experience while strengthening security protocols.
As cybercrime costs are projected to exceed $6 trillion annually by 2021, solutions like Myki’s are crucial. By providing seamless access control and robust security measures, Myki stands at the forefront of the fight against cyber threats.
Myki continues to innovate in the cyber security domain, offering businesses advanced tools for data protection.
Its latest enterprise offering marks a pivotal step towards securing digital identities in a decentralised manner.
