|Aug 18, 2014||LogmeOnce Is a “Zero-Knowledge” Technology Company|
Users can protect their passwords confidently and worry free
Washington, D.C., August 18, 2014 — LogmeOnce, the revolutionary new password security and management system, announces today its adherence to the “zero-knowledge” technology concept. LogmeOnce is the only company in the online security market that offers a software tool for password management, a hardware USB key with additional data storage and Dropbox file encryption.
“As a zero-knowledge technology company, LogmeOnce does not know a user’s encryption key or actual passwords,” says Kevin Shahbazi, CEO of the hardware and software password management company. “You are the only one who has absolute knowledge of your actual password and encryption key — only you can decrypt your account.”
The term “zero knowledge” stems from cryptography, where one party (a “prover”) convinces a second party (a “verifier”) that a statement is true without having to share secret information and without having that secret information leaked. Since the verifier does not have the secret information to begin with, it cannot be inadvertently shared.
The concept gives users of LogmeOnce’s services increased confidence to know that the company does not have knowledge of their actual passwords as it encrypts them and protects from would-be hackers.