Trusona (Scottsdale, Ariz.), a startup authentication solution provider which launched in Feb. 2016, has announced that its authentication platform and federated identity solution for the enterprise is now insured by an A+ rated insurance carrier. Approval from the undisclosed insurer was secured following what Trusona calls rigorous and broad security testing by cybersecurity and forensic firm Stroz Frieberg (New York). Insurance for Trusona’s solution is available for up to $1,000,000 coverage per transaction.
“It’s been my life-long goal to make the Internet a safer place for both businesses and individuals and Trusona is an embodiment of that vision,” comments Ori Eisen, founder and CEO of Trusona. “Being the first and only security solution to be insured is a testament to the strides we’ve taken to make this vision a reality. Trusona is changing the way we authenticate online, in turn, making the world a safer place—and I couldn’t be prouder of the team and the industry support we’ve garnered in this journey.”
Trusona asserts that its solution takes a completely new approach based on four levels of assurance (LOA) as defined by NIST. The vendor says this approach allows any enterprise to select the right level of authentication for each use-case. The solution begins with LOA 1 for the most common needs, all the way to the insured service in LOA 4, which includes $1 million per transaction. The vendor has published a whitepaper about its insurance formula.