Mindaro Cyber Insurance to Offer LoginID’s FIDO-Certified Strong Authentication Solutions to Their Clients

Mindaro will encourage its cyber insurance clients to integrate LoginID’s FIDO-certified strong authentication solution. LoginID will also be promoting Mindaro’s digital insurance solution to their current and prospective clients.

Mindaro, a US-licensed cyber liability insurance provider, has signed a partnership agreement with LoginID to offer their clients LoginID’s biometric authentication solutions as a means of reducing the risk of a financial loss caused by a data breach.

Companies that utilize FIDO-certified biometric MFA solutions can increase the ease of authentication by eliminating passwords while greatly reducing their risk of a hack and exposure of their customers' personal private information.

“As a provider of stand alone cyber liability insurance, we at Mindaro are very excited about our new strategic partnership with LoginID”, said Denis Senchishev, COO of Mindaro. “A key component of reducing cyber vulnerability is ensuring robust identity management in organizations. With partners like LoginID, Mindaro’s clients will be able to strengthen identity authentication and reduce the probability of cyber events. With LoginID protecting businesses on identity management and Mindaro protecting on the financial ramifications of cyber incidents, our clients will be more protected than ever in today’s Zero Trust environment.”

“Mindaro is at the forefront of the burgeoning cyber insurance industry and LoginID is excited to be their partner. We see great synergies here by helping reduce the risks of financial and reputational losses that can result from outdated security and fraud prevention measures” says Lucas Podsiadlo, Business Development at LoginID.

About Mindaro

Mindaro is a digital insurance agency, adding the crucial piece of the cyber security puzzle that protects organizations from the financial ramifications of cyber attacks. In mere minutes, Mindaro customers can get a bindable quote and generate a policy for cyber liability insurance at www.mindaro.com.

Mindaro’s mission is to provide value to customers by lowering cyber exposure in the Zero Trust environment by partnering with A-rated underwriters and cyber security experts to close the gap between technological and financial protection.

The Mindaro team is combined from insurance professionals, technologists, innovators, and visionaries to bring a first in class, digital, easy, and transparent experience of purchasing insurance and protecting businesses.

About LoginID

LoginID is a San Mateo/Toronto based company focused on bridging the gap around authenticating users and securing their information. This is facilitated through its FIDO2 and UAF certified strong customer authentication, privacy and tokenization platform. The team is funded by strategic investors such as Visa, and is composed of seasoned executives with decades of experience, across global brands, helping commercialize products around security, cryptography, payments and mobile.

For additional details contact: sales@loginid.io