Grid Dynamics Signs a Strategic Partnership With Secret Double Octopus to Protect Global Organizations Against Cyber Attacks at a Time of Rapid Workforce Shifts and Growing Regulatory Demands

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Key Takeaways:The strategic partnership will enhance Grid Dynamics' cybersecurity portfolio to meet the rapidly growing demand to protect enterprises against identity theft, phishing, and other cyber attacks.Secret Double Octopus' innovative workforce authentication solutions are an industry game-changer at a time of rapid workforce shifts and growing regulatory demands.Grid Dynamics expects to use Secret Double Octopus solutions to transform enterprise authentication standards, helping organizations better manage their cybersecurity risks while streamlining employee workflows.SAN RAMON, CA / ACCESSWIRE / June 6, 2022 / Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leader in enterprise-level digital transformation services and solutions, today announced a strategic partnership with Secret Double Octopus (SDO), a global leader in next-generation workforce authentication solutions. The Octopus Authentication Platform provides a unified user experience and a consistent way to access workstations, remote services, cloud applications, and on-prem systems while providing stronger protection against cyber-attacks."As we are constantly witnessing the advent of a highly remote, mobile workforce and explosive growth of automation, even the best security departments are struggling to keep up. New approaches are needed," stated Stan Klimoff, Chief Strategy Officer at Grid Dynamics. "Our strategic partnership with SDO is the latest addition to Grid Dynamics' cybersecurity portfolio, and we are excited to be able to offer to our customers the best in passwordless authentication".The Secret Double Octopus partnership will provide Grid Dynamics' significant roster of worldwide Fortune 1000 customers access to multifactor authentication offerings, at a time when multifactor authentication is of critical importance, given the prevalence of remote work. McKinsey estimates approximately 20 to 25% of advanced economy workforces work from home between three to five days a week, a four to five times higher percentage than before the pandemic."We know first-hand that Grid Dynamics is building some of the most complex cloud and analytics systems in the world," said Raz Rafaeli, Co-Founder & CEO of Secret Double Octopus. "Complex environments demand complex security measures, and these systems are often prime targets for attackers. In partnership with Grid Dynamics...

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