Our biggest differentiator was our ability to name a digital heir so in the event something happens, your digital assets are protected. “Four months ago, we came to market with a product that not only remembers your passwords for you, but one that offers secure one-click login and the ability to collaborate with co-workers and friends without divulging passwords. “Digital death is a growing pain point that most of us don’t want to think about, yet we are storing more and more of our lives online each day,” said Dan Robichaud, PasswordBox CEO. The acquisition of Legacy Locker gives PasswordBox a deeper reach into providing its digital life management services to estate planners and existing Legacy Locker customers.
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The acquisition comes after PasswordBox announced its series A financing of $6 million, led by OMERS Ventures and several Silicon Valley angel investors, including two Facebook executives.
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Technology reporter Paresh Dave will be speaking with security expert Randy Abrams.PasswordBox, the first and only password management solution to offer legacy protection, today announced its acquisition of Legacy Locker, the first-to-market digital legacy solution. LastPass Premium, also $1 a month, includes many of the same features, but users may find its user interface less inviting. Logging onto websites from a mobile device through PasswordBox requires a user to use PasswordBox’s browser rather than Chrome or Firefox. That could mean swapping out Swype for something less sophisticated. PasswordBox can store logins for mobile apps, such as Facebook and Twitter, but a user must first change their default keyboard. Still, PasswordBox and its competitors have several downsides.
Users can change their settings to reprompt for the master password on select websites. “I don’t expect my mother to need that,” Robichaud said.Ī less technical means of extra security will be available, too. Working alongside the master password, the scanner would offer an extra layer of security. He said he is also trying to target both the tech-savvy crowd and people more like his mother.īy the fall, people who want even stronger security can buy a fingerprint scanner that can be attached to a phone.
“We’re looking to get to a couple of hundred of million users, so we’re looking for partnerships for distribution,” Robichaud said. Robichaud recently visited with Apple and other companies to talk about promoting the product in app stores and products. As of last week, it was still missing some major websites such as. Many competing services fail to work with certain websites, and Robichaud wants PasswordBox to fail the least. The company is focusing on three key elements. “But I think we should nail down passwords first.” “If people are confident to use our product, there are many other things we can handle for them,” he said. Chief Executive Dan Robichaud said he sold his last online venture for tens of millions of dollars, so making money off his new San Francisco-based company isn’t yet a priority.
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