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WHY 2FA/OOBA?: Summary: Don't forget SFOR has the Patent!!!
Passwords are becoming increasingly easy to compromise. Passwords can be stolen, guessed, or hacked. One form of authentication that has seen a rise is two-factor authentication (TFA), which uses a secondary device such as a phone to provide an additional factor of authentication. Integrating such a tool into an application, however, can be challenging. For some service providers, building a TFA system is outside of the service provider's core competency. In some cases, an outside TFA service can be used. This solution can expose a secondary service to the user that provides the TFA as a service, but this can be disruptive to users of the primary service or application. Introducing a third party TFA application may additionally be undesirable by the service provider. Thus, there is a need in the authentication and authorization field to create a new and useful system and method for integrating two-factor authentication in a device.
GREAT ARTICLE FROM 2013
https://disruptiveviews.com/out-of-band-authentication-money-maker-mobile-operators/
Why Out-of-Band Authentication is a Money Maker for Mobile Operators
Written by Edward Finegold on May 25, 2013 in BillingViews, News
The BadNews virus’ now infamous infiltration of the Google Play store is just one example of how security isn’t keeping up with innovations in online and mobile technology. BadNews is particularly interesting because it used a relatively new mobile phenomenon – an app store – to exploit an aging and oft targeted channel, Premium SMS. Do a quick search for terms like “site hacked” and it becomes obvious that the authentication schemes online services utilize to protect their users are too easily compromised.
When Wall Street suffered a flash crash because the Associated Press’s Twitter account was hijacked, it became abundantly clear that better security mechanisms are needed now. Despite possible patent infringement issues, Twitter announced that it will institute out-of-band authentication (OOBA) to shore up its login process. OOBA lends itself extremely well to a society where practically everyone has a mobile device – an out-of-band authentication channel – in hand at all times. Because it seems like OOBA will be widely adopted, it may be a service (OOBAaaS) from which mobile operators could generate substantial revenue on the B2B side of the two-sided business model.
Why CSPs Should Care
The Premium SMS vulnerability that BadNews exploited is of particular concern to CSPs because it’s essentially a back door into telco billing systems. It is one of the few channels in widespread use by which third parties can send charges directly to subscribers’ wireless bills. But with increasing interest in mobile payments and direct operator billing, it’s obvious that we need better security mechanisms to protect users and CSPs from abuse by outsiders and wrongdoers. We can’t afford to have mobile payments and services like social sharing of mobile data (i.e. send your remaining data allotment to a friend) compromised if we want them to blossom into new, high value revenue streams. Furthermore, if trust is an asset, as we’ve argued many times here in BillingViews, then CSPs must both defend and leverage their position as keepers of the public trust.
How Out-of-Band Works
StrikeForce Technologies is an emerging company with a big patent. It holds the patent for “Multichannel Device Utilizing A Centralized Out-of-Band Authentication System (COBAS)”; put more simply, if you want to do out-of-band authentication with a mobile device, you need to talk to these guys. In concept, how it works is relatively simple. Picture yourself logging into a social network like Twitter, Pinterest, or Facebook. Now, consider that there’s an increasing trend to use something called “linked authentication;” this is a form of single sign-on where online services will permit user access based on the authenticated credentials from a site like Facebook or Twitter. In other words, if someone hacks your Twitter account, they might also be able to access your eWallets across a host of shopping sites and wreak havoc on your credit cards.
Instead of just using a simple, easy to hack username-password combination, OOBA uses a separate channel to authenticate a user. It might dial a call or send a text message or email to a user’s wireless phone and would require an authentic response in order to permit the login to proceed. The same concept could extend to any transaction being conducted after initial authentication; in other words, you may be logged into Twitter, then try to buy something on another site that logs you in based on your Twitter authentication. To complete the purchase and authorize the transaction, OOBA process would be triggered.
“This additional step would increase the chance of not being the next reported data breach by over 80 percent, as stated in Verizon’s 2013 Data Breach Investigations Report,”says StrikeForce’s CEO Mark Kay. He adds that, as The Guardian recently reported, more than a billion OOBA transactions are already processed every week. The approach became far more popular after RSA encryption was hacked in March 2011 and companies realized that security tokens, while two-factor, use codes that are too easy for hackers to predict and, for that reason, are highly vulnerable. OOBA, on the other hand, uses “OATH compliant one time passwords which are 100 percent random,” explains Kay.
Though increasingly applied for security, OOBA should make sense for financial transactions as well. In 2011, Forbes reported that credit card fraud alone was a $190 billion problem. More recently, Practical eCommerce reported that for every $1 million in revenue generated, online retailers lose at least $9,000.00 to various forms of fraud, particularly credit card fraud and identity fraud due to stolen credentials.
The beauty of out-of-band authentication, and the reason it is needed, is that it’s very difficult to defeat. Login-password combinations, and now security tokens like RSA, are child’s play for hackers. These linear approaches are relatively easy to defeat; once a hacker breaches the perimeter, there’s virtually no looking back. But while out-of-band uses technology, it’s really more of a philosophy that’s tough to defeat; make sure the user is who the user claims to be. Though no mechanism can be perfect, there is some simple wisdom in an idea that says, “unless you call me on my phone and confirm that I’m the one who is logging in, don’t permit the login.”
Naysayers will argue that there are all sorts of ways to defeat this concept, but the bottom line is that there are many fewer ways to defeat it than there are to defeat passwords, and those ways are complex enough to turn off all but the more, or most, committed perpetrators. StrikeForce’s Kay adds that keystroke encryption, as a complement to OOBA, would fill “the security gap any authentication product might have” and would “prevent over 90 percent of the data breaches” identified in Verizon’s report (StrikeForce also provides real-time keystroke encryption and anti-keylogging technology).
CSPs’ OOBA Revenue Play
If the mobile device is part of the security scheme, it adds value to all of the things a mobile operator knows about a device at any given time – where it is, how it’s being used, and whether or not it is allowed to connect with the network. That puts the CSP in an even better position to secure the out-of-band authentication device; detect fraudulent usage patterns that may point to a compromised device; shut down a device that has been stolen or forged; and follow up with customers directly to inform them that their interests are being protected by – who else ? the worthy keeper of the public trust.
In other words, out-of-band authentication is not just something a mobile operator should use to protect its customers, services, and billing infrastructure; it is a value-added service it can offer to anyone in the digital economy that relies on mobile access to engage users and conduct transactions. As Kay notes, that ultimately includes “every enterprise and consumer across the globe.” Even if that’s a slight overstatement, it would seem like the potential addressable market to which CSPs could deliver “OOBAaaS” is as large as the global mobile market itself.
GREAT SUMMARY FOR NEW INVESTORS THIS WEEK ON 2FA/OOBA
Passwords are becoming increasingly easy to compromise. Passwords can be stolen, guessed, or hacked. One form of authentication that has seen a rise is two-factor authentication (TFA), which uses a secondary device such as a phone to provide an additional factor of authentication. Integrating such a tool into an application, however, can be challenging. For some service providers, building a TFA system is outside of the service provider's core competency. In some cases, an outside TFA service can be used. This solution can expose a secondary service to the user that provides the TFA as a service, but this can be disruptive to users of the primary service or application. Introducing a third party TFA application may additionally be undesirable by the service provider. Thus, there is a need in the authentication and authorization field to create a new and useful system and method for integrating two-factor authentication in a device. This invention provides such a new and useful system and method.
DD: ok kiddos, you're past your bed time....time to get some rest and hate on the stock tomorrow. Anyways, for the longs on the board, have you guys seen the list of patents owned by Duo Security?
http://www.patentbuddy.com/pages/patentSearchResult.jsf;jsessionid=9588F5ABF04B814AA8314FC6A891F512?assigneeId=1877545&patentType=application
Trying to digest it all.
Two thumbs up
Hold Long folks! Steady as you go.
I have TDA and takes about two hours. I would call them. Don't forget it has to route through the Feds first.
yeah i got that basic concept down. Just seemed i was missing something else. I know that you folks generally hate RS but mathematically, i couldn't figure out why there's a negative connotation to it. I've done a bunch of research on this technology and scrubbed the FDA and there's nothing like it. Seriously, nothing like it at all. Once it obtains FDA approval, good night. Just don't know how long that will take. Is there a post that has the patent number for the machine?
Hey guys, thinking about jumping in. I'm a new investor (not really a trader) and limited funds steered me here to the OTC to start. Anyways, Im three for three on my stock picks and came across GTHP.
Sorry to be a drag, but can anyone give me the Dummies version to what happens to my $100 (hypothetical number...i'll be buying much more) and then a stock split occurs the day after? Ive read several different articles on RS and SS but it seems to work differently in reality.
Cool. I forgot. I remembered it being ambiguous though. We were all trying to wordsmith it.
Anyways, as Moranti said, hopefully all of them go on contingency....that would be something to have independent law firms agree it's worthy of taking on contingency rather than the norm of hourly fees...
I've said this before:
(1) could be case load
(2) to go off contingency for 8 defendants would bankrupt the IP section of Blank Rome so could be a financial reason
(3) conflicts of interest (e.g. Blank Rome could have previously represented or do currently represent some other defendants)
(4) as you said, quicker settlements/negotiations
(5) depending on jurisdiction, SFOR might want the local heavy hitters in whatever Federal District
(6) more like number 5, certain companies are more susceptible to certain law firms...SFOR may want to strategize and exploit that (e.g. Company A has lost 5 lawsuits with Law Firm B)
(7) more like 5 and 6, on the opposite hand, certain companies may have a good working relationship with certain law firms and sometimes that's a good thing to exploit....e.g. Company A and Law Firm B have had 5 previous lawsuits together that ended amicable, reasonably, and fairly with settlements
(8) etc.
All in all, a declaration that there are potentially 8 more lawsuits on the way is a GOOD thing. You don't do that if you don't think you have a good chance at settling or winning. It's too much of a gamble and SFOR doesn't have the resources to go into extended litigation. SFOR would simply go bankrupt.
IF ANOTHER LAW FIRM DECIDES TO GO ON CONTINGENCY (which is rare)....that's an awesome metric. IP Law Firms rarely go on contingency and will only do so after the partners agree there is likely a chance of a multi-million dollar reward to which they would typically get anywhere from 30-45 percent (depending if they law firm is up fronting costs)
Good point on that nuance. These are 1300 established customers who are already paying....not expected customer base. SGBY earning money as of Midnight last night :) Q-4 going to be awesome. Really believe we can be the Quest Diagnostics in this area.
Well I like the sound of this.
Me too. I'm waiting right now. I was gonna cash out of SGBY but glad I didn't because an 8k came out after closing. Can't wait to buy more on the cheap.
UP 27% and 15 million volume already. Cray cray.
Why Law Firms Don't Take Patent Infringement Cases on Contingency:
Thought this article blip was pretty succinct. I think it tends to suggest Blank Rome and their Patent Attorneys (btw they need to have a Masters degree in a particular science plus a law degree to be a patent attorney) feel that they have a very strong case to take on pure contingency.
"A different reasoning applies to lawsuits. Contingency fee arrangements are common in personal injury (PI) cases because the only issue in such cases is damages. The liability is usually clear and most PI law firms will not accept a case on a contingent fee basis if liability is not clear. Thus, the only issue in most PI cases is how large the payment will be, not whether or not there will be a payment. In intellectual property cases, liability is always disputed. An accused infringer will attack the validity of the patent by citing prior art that was not cited by the examiner, and will argue noninfringement as a backup defense. A typical patent infringement suit lasts two or three years and requires the full-time attention of at least one lawyer. No lawyer with an office can stay in business without revenue for such a long period of time. Personal injury cases, on the other hand, are over much quicker and, again, the only issue is the size of the recovery."
Thank you for your charts. As a new player, it's pretty insightful to learn the basic fundamentals of chart analysis. And, I appreciate you maintaining objectivity and not injecting any opinion... Keeps it even more reputable.
This year, California has the SIXTH LARGEST ECONOMY IN THE WORLD!!!! Craziness. Good things ahead for SGBY. Hardest part for me is to not sell within a year so I can reduce capital gains tax.
I have to admit that I almost sold in the last 15 minutes to take my profits and load up on more SFOR on the cheap but something in the last second told me to stay long. SGBY is unlike any other marihuana company and has good business principles, a good CEO who thinks ahead, and a good business plan. Plus they are in the business of science....not R and D to create medicine....not pot production...not pot social media expansion, but trusted science of chemistry to determine the presence of x and y and how much of x and y is present. Nothing new..... Only thing new, is to devote their entire resources to testing a certain substance. It is certainly a growing market, and I'm glad to own a piece of it. Now if it gets to .50 cents... i might be thinking of selling lol
RECAP: A lot of emotions on this board....but that's because there are a lot of people who have invested their hard earned money....whether the goal was to invest, or to swing trade. But you know what they say about a good relationship? If there's no fighting, there's no passion.
I think many of us got hyped up with the prospect of a quick return on an investment. In all reality, and someone reminded me of this, the market doesn't work like that. The MMs as well aren't bad guys. They create volatility and liquidity...to keep us trading. This down trend is really a product of a lot of us....all based on no news. And this downtrend really is a short blip in time in perspective.
I'm holding long because I thought the 8 catalysts were sound, reasonable, and logical. And, because we have a real company with employees (and their families), and stock holders (and their families). We own the patent, and the only benchmark we have for how strong this patent was....is with the first settlement with a major company. $9 million is not a drop in the bucket to get a "patent troll" off your back. It's not. Its sets precedent and really sends a message to other infringers. This is the only benchmark we have to determine the legitimacy of this patent, and IMO (based on experience) it says a lot.
Settlements can take a while...but in all reality, they take less than a year. That's because, companies argue for months and months what the reasonable valuation for that settlement should be. They don't just pull a number out. Trial can take years....but then again, a settlement can occur 5 minutes before trial. I'm not sure what's going to happen here, but if i was SFOR's lawyers and I felt that the big three weren't serious about settlement, I'd draft an emergency injunction in a heartbeat. That will cause a stir. Because they haven't applied for one, I believe they are in settlement negotiations and doing so in good faith.
Contracts can also take a while. How long did our house closings take? More than likely, months....but, we know they've been in contract negotiations....they could come as early as tomorrow.
Regardless, there's been a ton of DD that's took place this past year, and if you ignore a lot of the hype and hopes and optimism, that DD alone is very promising on its own. I don't think anyone can argue with that.
Don't know what' the next couple of weeks are going to bring, but I'm going to stay long, and also buy more shares on the cheap as soon as I have the extra money to do so. This not based on fantasy, but on sound investment risk. Not many companies in the OTC has the resume that SFOR has. One day, I hope, SFOR proves them all wrong. I think they will.
Previously they intimated acquisition of a Northern Cali lab. This one is located in Central Cali. I agree, there will be another announcement for a Northern Cali lab like SC or Steep Hill etc.
Me too. I'm not a day trader and I'll stay here for a year plus if needed. Better than money collecting 3% in a mutual fund.
Question. Should I collect my earnings from SGBY and keep adding here now? Otherwise I have to wait for transfer to clear in 3 days...
Still Long. I know what I own....
HOD soon again?
Wish I had more money to buy more....good for everyone else who can.
Maybe Centrify er al are going to settle.....also Blank Rome could be conflicted out if they have any dealings with any of the new 8 defendants?
So we know that a letter of intent was signed to acquire a lab in Northern California. Have we figured out which one? I see only three labs there. Sequoia Analytics, SC Labs, and Steep Hill. Good thing is that Northern California is the largest marijuana producing region in the US. This is definitely good for us.....see description below. IMO the acquisition will get us a huge bite in California and on our way to getting a big market share of testing now that we already have 95% of Oregon cornered.
The Emerald Triangle refers to a region in Northern California which is named due to it being the largest cannabis-producing region in the United States. Mendocino County, Humboldt County, and Trinity County are the three counties in Northern California that make up this region. Growers have been cultivating cannabis plants in this region since the 1960s (during San Francisco's Summer of Love). The industry exploded in the region with the passage of California Proposition 215 which legalized use of cannabis for medicinal purposes in California.[1] Growing cannabis in The Emerald Triangle is considered a way of life, and the locals believe that everyone living in this region is either directly or indirectly reliant on the marijuana business.[2]
Let's see, they want to vote on executive pay raises, they want to vote on continuing executive pay raises, and also vote to have a high profile accounting firm with international offices. Maybe they want to announce they are going red for the foreseeable future????
SFOR LONG.
nicely said.
Actually I see 19. Some current profiles will just show as LinkedIn Members until you actually "connect" with them. But 19 show as current employees of Strikeforce Technologies.
VP ecommerce solutions x 2
Senior Programmer
Senior Software Engineer
Developer
Executive VP President
Teacher
MBA
CEO
CIO
Event Planner
CTO
Social Media Coordinator and Analyst
VP Technical Services
Independent Cyber Crime Consultant
Software Developer
Software Consultant
VP Channel Management
Etc.
Just have my phone today but on the computer it has about 18 employees and a description of all their jobs. Everything from software development to international sales.
Yesterday I checked out Linked In. Put in Strikeforce Technologies. They have a good size number of employees!!!! This is a real company. A growing company. With real products and revenues with various streams of income. Plus as a software Company there is very limited w overhead. CEO Kay and Hollywood Waller are growing their s company day by day. I just can't believe we aren't at a dollar a share yet. I'm so confident I even bought more shares yesterday. People need to wake up if you want to invest long and prosper!!! There is a reason why I xecutive compensation is on the agenda!!!!
The thing with News is that from after the bell to the morning bell on Monday....that's a long time. And news could come within the next 60 hours.....people gonna regret being empty during the entire weekend and being nervous about wondering if something good comes out. SFOR LONG.
just bought some more.....only 48000 but I believe in this company....
Gives California a full year to talk to little cuz OREGON and learn all that they have done the past year. And with 95% of all Oregon gettting tested at SGBY....gonna be great for us.
California already passed legislation last year for lab testing. This means more money for us :) It's not conjecture, that's a fact.
Signal Bay Inc. Poised to Double Revenue as Marijuana Edibles and Oils Popularity Explodes
SOURCE Financial Press Media Group Inc.
Cannabis Edibles and Extracts Require Additional Quality Control Testing. Great News for The Company's Market Leading EVIO Labs division.
SANTA MONICA, CA, Oct. 27, 2016 /PRNewswire/ - Investors are aware of the trend towards the legalization and regulation of marijuana across a multitude of states. They've heard the staggering numbers of the fastest growing industry in the United States. And some are aware that within this burgeoning market the most attractive and low risk subset is the cannabis testing space, a market that continues to boom as a direct result of the increasing regulations requiring the mandatory testing of cannabis.
Naturally, companies that are leaders in the space, like Signal Bay, Inc., a Life Science company whose EVIO Labs are setting the standard in the industry, continue to benefit from this trend. But there is another trend that investors might not be aware of: the absolute explosion of edible cannabis products.
Bet on Edible Testing, Not on Edible Products
Everyone knows that smoking is down nationwide. Yet marijuana use continues to increase. Millennials never started smoking, and even older Americans continue to turn away from smoking and increasingly prefer to ingest cannabis in the form of oils, vapes, and edibles.
In fact, the edible and extract market (including oils used for vapes), account for almost 40% of all legal retail marijuana sales in the US and are on pace to exceed 60% market share in the coming years. The more states legalize cannabis, the more these products become available and the more the market grows.
Investors can either research for cannabis companies producing delicious edible cannabis products (good luck with that), or savvy investors can look to cannabis testing leaders like Signal Bay, a company that double its revenue every time it performs the additional testing that oils, edibles and extracts require.
Why Edibles Mean Double Revenue
There are two series of tests that Signal Bay's EVIO Labs performs on the Cannabis they receive from growers. In Oregon, where the Company is headquartered and where four EVIO Labs testing facilities currently serve 95% of the state's cannabis testing market, fresh cannabis is harvested and divided into random 10 pound "batches" pursuant to state regulations. A small sample is taken from each batch of raw cannabis flower or "bud" for testing.
These samples then undergo two series of tests depending on what form the final cannabis product will take. If it's just going to be sold as good old fashioned marijuana ready to smoke then only the "cannabis flower" will be tested for pesticides, mold, e-coli, moisture content, and potency. If the finished cannabis product will reach the shelf in the form of a lollipop, cupcake, vape pen or soothing muscle balm, additional tests are required.
"Extracts and Concentrates need to be tested for pesticides and solvents, and once again in the edible form for potency," we reached CEO of Signal Bay, Inc. William Waldrop, and he explained,
"For the first test, the cannabis flower test, Signal Bay's EVIO labs bring in around $370 per ten pound batch tested. The additional tests for extracts and concentrates can typically generate around $300 per batch with an additional $145 for potency testing on edibles and in some circumstances can run as high as $25,000 for high volume manufacturers of edible products. This second round of tests translates into a doubling of revenues for Signal Bay, first the flower, then the finished product."
Double the tests, double the revenue. Simple batch math.
And with more and more mandatory tests being required as cannabis use becomes universal, the math gets even better. Waldrop provided an example:
"For instance, let's say you are a company that sells cannabis lollipops that come in ten different flavors. You used to only be required to send out a sample of your lollipops to test and that would cover you for the nine other flavors. But now, regulations require testing for each individual flavor. The more testing, the more revenue our EVIO Labs generate."
Waldrop added that this makes perfect sense from a consumer safety standpoint and that it's no different than a soft drink company having to test cola, root beer and cream soda products independent of each other.
Signal Bay: Eating Up Market Share with Aggressive Acquisition Strategy
Signal Bay recently announced the acquisition GreenHaus Analytical Labs. The Portland, Oregon based lab brings the total number of laboratories now operating as part of the EVIO Labs division to four and positioned EVIO Labs as the dominant player in the cannabis testing space in the state.
Aggressively moving forward, Signal Bay recently signed a Letter of Intent to acquire a lab in California with the announcement of the official purchase imminent and with the recreational use of cannabis on the ballot and expected to pass with flying colors on November 9th, the California cannabis testing market is expected to explode overnight from a $100 million to $300 million annual revenue stream to fish from; with only 5% of cannabis now tested in the state, the fishing should be very sweet.
A plan is in place to expand to 18 EVIO Labs in the Golden State by the end of 2018 and that means Signal Bay looks to become the major player in what is the single largest legal cannabis marketplace in the world. A lot of that revenue will no doubt find its way to Signal Bays' bottom line and the double dip revenue the Company's EVIO Labs will generate from the fast growing cannabis oil, edibles and extracts sector. And that, like Signal Bay is a safe bet. For anyone who has ever visited the Golden State knows that Californians love cannabis, but loathe smoke.
Legal Disclaimer: Financial Press Media Group, Inc. is not registered with any financial or securities regulatory authority and does not provide, nor claims to provide, investment advice or recommendations to readers of this release to buy, sell or hold any securities. Investing intrinsically involves substantial risk and readers are reminded to consult an investment professional and complete their own due diligence, including SEC filings, when researching any companies mentioned in this release. This release is based upon publicly available information and, while vetted, is not considered to be all-inclusive or guaranteed to be free from errors. With respect to Section 17(B) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that Financial Press Media Group, Inc. may have received compensation from the companies mentioned in this release.
©2016 PR Newswire. All Rights Reserved.
Another Great Article. Mea Culpa if already posted. From an NBC local station.
AWESOME. Thank you!!!!
Like this W :)