Posts

A Look At The Benefits Of Biometric Identity Verification Technology

Image
  Using biometric identity verification is something you should consider if you would like to improve the security of your business systems. Biometrics technology has gained much traction over the past decade and its use and importance continues to grow. The value of biometrically-verified smartphone payments conducted in transactions across the world is expected to exceed $210 billion by next year. This incredible jump is not surprising at all. Even though passwords are helpful in adding a layer of security, they are quite vulnerable when used on their own. Additionally, it can be a constant challenge for businesses as well as their strong customer authentication and maintain passwords. Even then, there is no guarantee your network and computer systems will not be compromised. Two-factor authentication significantly increases protection and biometrics can serve as the second factor. In this era where data breaches can equate to severe legal and financial consequences for any organiz
Post a Comment
Read more

Things To Know About FIDO2 Passwordless Authentication

Image
  When it comes to securing your business systems, there are various technologies that you can use. One of them is fido2 passwordless authentication . FIDO2 goes beyond simply being an extension of FIDO or the FIDO alliance and adds in new protocols for passwordless authentication. FIDO2 stands for Fast Identity Online 2 and is also referred to as “The New Passwordless Standard.” The original FIDO was created by the FIDO Alliance to require better authentication standards for passwords as well as logins. FIDO is an open and license-free security standard for authentication on the web. More specifically, FIDO2 is the third iteration of the standard, following two previous specifications. Before FIDO2, there was FIDO Universal Second Factor (FIDO U2F), which is an open specification to help online services augment their password-based authentication with two-factor authentication capabilities. And before that, there was FIDO Universal Authentication Framework (FIDO UAF), which is an open
Post a Comment
Read more

The Benefits of Digital Identity Verification

Image
  No matter the type of business you have, digital identity verification is something that you can benefit greatly from. Just like its human counterpart, a digital identity is made up of data attributes or characteristics, with examples including purchasing behavior or history, social security number, medical history, date of birth, online search activities, such as electronic transactions, and password and username. A digital identity is linked to one or several digital identifiers, like a URL, a domain name, or email address.  As identity theft is rampant on the internet these days, digital identity validation and authentication measures are vital in terms of ensuring network and web infrastructure security in the private and public sectors. Identity verification tools and FIDO webauthn are designed to help businesses understand who their users are in reality. After all, creating fake identities online has become so easy these days, and so it is vital to make sure that a person is w
Post a Comment
Read more

The Benefits Of Using Biometric Digital Signature Technology In Your Business

Image
  If you are looking to improve the security of your business systems, you should consider using biometric digital signature technology. Biometric security systems have become a key element to multifactor authentication and are used for various purposes, like attendance, tracking the authentication process, and even the metering time limits. Most large companies’ entry and exit system are now based on biometrics. There are various key benefits associated with using biometric authentication in digital onboarding . First of all, this technology provides quick and accurate identification and authentication. Using passwords and codes for security access is pretty straightforward but generic. Anyone who has a card or pass can gain access, but biometric security technology refers to the biological passcodes that cannot be forged. This means accurate identification and authentication of the specific individual. Iris or facial recognition is more often becoming integrated as part of the secur
Post a Comment
Read more

The Benefits of Strong Customer Authentication Solutions

Image
  When it comes to ensuring the security of your business systems, one of the technologies you should consider implementing in your business is strong customer authentication . Strong authentication confirms user identity reliably and safely, never solely based on shared secrets/symmetric keys like passwords, codes, and recovery questions. This technology assumes credential phishing and impersonation attacks are inevitable and robustly repels them. Even though multi-factor authentication is still among the best ways to establish who trusted users are, actual strong authentication goes beyond either two-factor authentication or multi factor authentication. Strong customer authentication solutions            offer some fundamental business benefits, and with the right mindset, they can strengthen the business in various ways. One of the ways that this technology can strengthen your business is through innovation and customer acquisition. With a simple SCA process, you can take the custo
Post a Comment
Read more

Things To Know About FIDO2

Image
  FIDO2 is one of the technologies that you should consider deploying in your business if you want to improve the security of your business systems. You can access this technology through the eKYC portal . FIDO2 in full stands for Fast Identity Online. With an added number two at the end, this acronym is based upon previous work that was done by the FIDO Alliance, particularly in terms of developing the Universal 2nd Factor (U2F) authentication standard. It is the third standard to emerge from the FIDO Alliance after the FIDO Universal Second Factor and the FIDO Universal Authentication Framework. FIDO2 was developed to eliminate the use of passwords over the Internet. It was developed to introduce open and license-free standards for secure, worldwide authentication over the Internet. This authentication process eliminates the traditional threats that come with using a login username and password, replacing it with the FIDO2 passwordless login standard. It protects against common onli
Post a Comment
Read more

What is Strong Customer Authentication?

Image
  Strong customer authentication (SCA) is a requirement of Europe’s revised Payment Services Directive 2 (PSD2) mandate to increase security and also minimize fraud risk around electronic payments. The aim of PSD2 is to protect consumers, promote banking innovation, and facilitate safer cross-border European payment services. SCA came into effect in 2019. With approval by the EEA, the implementation deadline was pushed to December 31, 2021. Strong customer authentication requires two factor authentication as well as dynamic linking (meaning a clear and unforgeable message to the consumer) to ensure the consumer is fully informed and makes an active decision to authorize a payment transaction. In other words, to be able to successfully process a payment under the new rules, banks are supposed to ask customers for at least two authentication factors, for example a PIN or password entered on their mobile device would constitute two factors, which are knowledge and possession. With a simp
Post a Comment
Read more