ROCHESTER, NY – July 18, 2023 – Token, a revolutionary provider of secure, wearable authentication solutions, today announced it was honored with an XCellence Award for Best Newcomer at the XChange Security event hosted by The Channel Company. XChange Security brings together top solution providers, IT channel decision-makers, and technology suppliers to demonstrate cutting-edge vision and leadership in cybersecurity.
Cyberattacks continue to cause immense financial and reputational harm to organizations – in 2022 alone, more than eighty percent of organizations experienced at least one data breach with an average cost of $9.44 million. User mistakes, clicking on a phishing link, or falling prey to social engineering cause eighty percent of these breaches. Token’s smart ring delivers next-generation MFA that prevents these attacks from succeeding. By eliminating the human vulnerability factor, Token gives organizations the strongest MFA with the greatest user convenience for the utmost protection.
“Thank you to all the exceptional technology vendors that made this year’s XCellence Awards a huge success,” said The Channel Company CEO, Blaine Raddon. “The solutions and services demonstrated the strength of the security market and partners’ commitment to delivering the most innovative solutions to secure businesses against the newest and most damaging cyberattacks.”
“We are incredibly stoked to have already won six awards for our next-generation MFA – it underscores the urgency that every organization feels to find a solution to data breaches and ransomware attacks,” said Token CEO, John Gunn. “The market response has been nothing short of overwhelming, and we are engaged with dozens of fortune accounts and major technology providers that have fast-tracked their evaluation of the Token ring.”