MATESO
Enhancing Data Protection Through a Password Less Solution

The popularity of Identity and access management (IAM) solutions rose exponentially in 2020 due to organisations mandating remote working avenues, which increased the requirement for data protection to target theft and unauthorised access. While decentralised IAM is yet to gain traction as a full-fledged practice, passwords remain the most common way for businesses to safeguard their data. In fact, passwords have become a ubiquitous component of contemporary technology; and with the rise of BYOD, login credentials are becoming increasingly vulnerable. As a result, the demand for utilitarian IAM solutions that fortify businesses from cyber threats has reached a new high. Leading this market by providing a password-less authentication solution is MATESO -a company that assists clients to meet high data protection requirements and eliminate the human factor as a security risk by providing a comprehensive professional password management system.

“Password-less authentication is a unique approach based on a shift in the mechanics of authentication, ”Sascha Martens, CTO, explains. The company has created Password Safe, which is the clever culmination of robust security and flexible rights management, providing clients with seamless authentication functions. It is a highly secure and flexible self-hosted solution that stores access data only on its own servers or in the cloud.Password Safe works as an identity provider; the software encrypts the authentication data in accordance with the service provider such that users can log in securely without needing a password.

We are listening to our customers, we are listening to the technologies and the market, and we are going to build the product in terms of this external input

The safe may be accessed using FIDO2-compliant methods such as fingerprint recognition or using tokens such as smart cards. They not only make the login process more secure but also more convenient.

Additionally, with the implementation of Password Safe, enterprises can centrally manage login credentials, documents, and confidential information. Through the press of a button, Password Safe allows employees to create complicated and safe passwords, enabling them to share the credentials securely with colleagues. Employees are therefore liberated from manual password management across various platforms and devices, all the while providing a secure channel through the Password Safe online portal.Consecutively, the security posture of organisations is improved, and the user-friendly interface also makes managing passwords simpler.

Password Safe was developed on a principle that upholds minimalism; it grants access to password authentication functions only to the necessary people, limiting employee access to as little information as possible and effectively guaranteeing a higher degree of security for businesses. The company also includes a role-based access control (RBAC), with which, Password Safe can map any company’s structure, no matter how complex.

Besides, the fine-grained RBAC orchestrates detailed mapping of rights, roles, and groups, as well as dynamic control of their access rights. ” There are a lot of secrets such as hidden codes, credit card information, license numbers, software licences, and more; all this information may be safely kept in the Password Safe. We truly believe that this is a problem that is not limited to IT, but rather something that everyone in a larger organisation needs to focus on because everyone has access to essential tools and will be working with sensitive data, ”states Sascha.

The company offers an extremely reliable storage solution for clients to safeguard all business credentials that are only transferred through E2E encryption; this also removes the necessity of remembering and typing passwords. MATESO’s Password Safe features a masking technique that conceals a password even from the employees, making it extremely secure. Along with these capabilities, the company enables clients to fortify password policies, thereby ensuring that complex and unique passwords are stored for all accesses, which increases overall security.

Furthermore, owing to its 20-year longevity in the market, MATESO has a lot of experience in IT security and is now diligently involved in software development. The firm has a global reach of nearly a million users, including 21 of the 30 DAX-listed enterprises, and has risen to the top of the DACH region’s marketplace. All of this is possible due to its customer centric approach and its agile business posture. ”We are listening to our customers, we are listening to the technologies and the market, and we build products in accordance with the gathered information,” states Sascha.