Reno, NV – According to filings with the U.S. Securities and Exchange Commission, Traitware is raising $5,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Heath Spencer played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Traitware
TraitWare Zero Trust, Passwordless MFA native access in 3 touches from a device you already carry. The average financial cost of a data breach is $3.86M (IBM) and its projected that around 1.5M new phishing sites are created each month (Webroot). To top it off, 76% of businesses report being a victim of a phishing attack every year. At TraitWare, we are on a mission to bring those numbers down by providing a secure, passwordless solution for all users. Unlike other apps in the space, TraitWare uses OAuth 2.0, SAML, and OpenID connect standards, meaning that you can rest assured that your data will be protected at all costs. Our app is easy to use and install and will save you time and money trying to come up with other solutions to protect your information. We believe in a Passwordless future, which is why we offer an MFA and SSO application that eliminates the need for any sort of password storage.

To learn more about Traitware, visit http://traitware.com/

Contact:
Heath Spencer, Chief Executive Officer
530-264-7661
heath.spencer@traitware.com
https://www.linkedin.com/in/heath-spencer-b83b7944/

SOURCE: http://www.intelligence360.io
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