Strong Customer Authentication Solutions

  When it comes to the things to that you can do in order to make sure that your business or company is secure, one of the things that you should definitely consider is Strong Customer Authentication (SCA). Contrary to what some people think, strong authentication is not simply a compliance exercise, but it can also be a driver for innovation. Authentication refers to the process of proving who a person is and confirming their intention to perform an action, such as allowing access to account information or making a payment transfer electronically. So, exactly what constitutes SCA and why it is so hard to deliver? This authentication technique requires two factor authentication as well as dynamic linking to ensure the consumer is fully informed and makes an active decision to authorize a payment transaction. In other words, to successfully process a payment under the new rules, banks and financial service firms needs to ask customers for at least two authentication factors. For exampl

  With passwordless authentication UX gaining popularity these days, you may be wondering if it is something that you can implement in your business. The traditional authentication technique with username and password has been the basis of security for over the past fifty years. But, in light of today’s information technology landscape, threats and usage patterns, it is time to retire the password. The following are some of benefits of passwordless authentication. One of the advantages of using passwordless authentication UX is that it provides effective protection against phishing and password lists. The aim of phishing is to trick the victim into giving away sensitive information, which is often the combination of username and password. The attacker can also use password lists that are for sale at a low cost from previously compromised services and bet that the employee uses the same password on multiple services. Phishing attacks are in most cases beyond the control of the informa

  Investing in fraud prevention is a necessary step if you are a business person. No matter what type business you do or the industry that you are in, you are not entirely free from risk. Therefore, you need to have measures in place to safeguard your business against potential breaches. High volumes of fraud can be damaging to your business, resulting in both losses of revenue as well as reputation. When you partner with an experienced payment service provider (PSP), you will be actively working to prevent fraud, instead of taking a purely reactive approach. It is a good idea to deal with fraud before it happens, not after. When you follow this mentality, you can stop fraud in its tracks and not have to worry about conducting damage control further in future.  There are various tactics designed to detect and prevent fraud, including the daily monitoring of traffic from particular territories and checking declined transactions. As a business person, the most efficient way to prevent f

  If you have not yet upgraded your web authentication to FIDO Webauthn , you should consider doing so to avoid missing out on the benefits that this technology has. WebAuthn enables online services to use FIDO Authentication through a standard web API that can be built into browsers and related web platform infrastructure. It is a product of a collaborative effort based on specifications initially submitted by FIDO Alliance to the W3C and then iterated and finalized by the broader FIDO and W3C communities. There are quite a number of reasons why it is a good idea to embrace FIDO webauthn. The first one is that this technology leads to improved security for customers and the business. WebAuthn replaces weak password-based login or knowledge-based answer recovery with strong public key cryptography with origin checking to prevent phishing. It makes strong authentication the baseline for using built-in and external hardware authenticators, something that in turn ensures the users are pr

  With digital wallets gaining popularity these days, chances are you are thinking of getting one, or you already have one. Digital wallets have been around for quite a number of years, but the use of these cashless tools are now becoming more widely adopted by retailers. The additional security features that they have offer great peace-of-mind. So how exactly does a digital wallet work and what do you need to get started? Most smartphones that are being sold on the market these days come with a wallet app on them, but there are various other digital wallet apps that you can use based on your preferences. A lot of digital wallets are free to use and enable you to make purchases through your desktop, smart watch or smartphone. Besides ease of use, there are various other reasons to make the switch from plastic to digital wallets. A digital wallet is not just for credit and debit cards as some people tend to think. You can also add tickets, boarding passes, store loyalty cards, and your

  Are you already using digital identity verification in your business? If not, you can be sure that you are missing out on a lot of benefits. This is a technology that every business, regardless of the sector of economy that it is in, needs to embrace. According to the Cambridge English dictionary, identity is ‘who a person is, or the qualities of a person that make them different from others.’ In simple terms, identity is a set of claims that can be used to describe a unique person, which can include permanent traits such as the date of birth, fingerprints and ethnicity, or semi-permanent traits such as weight, height, eye color and name. Verification is the act of proving or checking that something exists, or is true or correct. So digital identity verification is a process that validates a person’s identifying traits and verifies them against a real, physical human. The word digital relates to computer technology, especially the internet. When we talk about digital identity verifi