A statement from TokenOne said its technology would be sold by Seccom Global under the SGToken brand and complement its suite of security solutions.

TokenOne's technology is based on the "One-Time Pad" principle which is claimed to make it easier for Seccom Global’s customers to securely access multiple accounts and services via the Internet or call centres using one unique PIN, but without ever entering or revealing that PIN to anyone – not even to the service being accessed.

TokenOne chief executive Phil Cuff said the partnership opened up new opportunities as his company was focusing on similar white labelling deals with multiple independent software vendors.

“This partnership is a great fit for both companies. Seccom Global are growing rapidly and is a leader in their space in this country. Their suite of security products and services is perfectly complemented by the new ‘SGToken’ authentication product.

“Ultimately, we’re both in business to assist organisations – and individuals – to minimise and mitigate the ever-increasing risk of devastating cyber-attacks and data breaches.“

Seccom Global managing director Michael Demery said: "This goes against the established rules of cyber security. Usually, the more you secure something, the more you need to lock it down and that makes the process quite cumbersome for the user.

“However, with SGToken, not only can we verify the users’ identity each time they authenticate, making it one of the most secure options on the market, we can federate access to multiple accounts making it easier for the user to log in and work safely.

“After more than 15 years selling cyber security, I have never seen a solution which can address security and usability concerns as comprehensively."

The SGToken software will be available as an app for iOS, Android and Windows smartphones.