Strong Customer Authentication Solutions

  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 pe...

  If you are considering making the switch from traditional passwords to FIDO2 passwordless authentication , you can be sure that you are making a step in the right direction. FIDO2 is an open authentication standard that is hosted by the FIDO Alliance and consists of the W3C Web Authentication specification (WebAuthn API), and the Client to Authentication Protocol (CTAP). It is an extension of FIDO U2F, and offers the same level of high-security based on public key cryptography. FIDO2 offers expanded authentication option, which include strong single factor (passwordless), strong two factor, and multi-factor authentication. With these new capabilities, the weak static username/password credentials can be replaced with strong hardware-backed public/private-key credentials. These credentials cannot be reused, replayed, or shared across services, and they are not subject to phishing and man in the middle attacks or server breaches. There are various advantages of using FIDO2 password...

  We live in an era where authentication has matured beyond passwords with the introduction of a wide range of two-factor authentication methods. Most recently, we have the advent of passwordless logins with FIDO WebAuthn , the new global standard for web authentication. FIDO WebAuthn now sets a new bar for user authentication and is considered best in class for protecting user accounts. It is supported in all major browsers and platforms and offers the opportunity for services to easily offer a wide range of strong authentication methods to users, including a passwordless experience. This includes use of security keys or built-in authenticators like biometric readers. There are various reasons why it is a good idea to upgrade to WebAuthn authentication. One of them is the widespread accessibility of this method. One of the key differentiators of FIDO WebAuthn is the widespread acceptance as well as adoption of the technology across major browsers, operating systems as well as devi...

  Strong customer authentication is one of the technologies that you should embrace in your business if you want to improve the security of your data and business systems. It confirms user identity reliably and safely, never solely based on shared secrets/symmetric keys like passwords, recovery questions and codes. Strong customer authentication assumes that credential phishing and impersonation attacks are inevitable and robustly repels them. Even though multi-factor authentication remains among the best ways to establish who trusted users are, actual strong authentication goes beyond either two-factor authentication or multifactor authentication. When you are implementing multifactor authentication, at a minimum, you follow the National Institute for Standards and Technology (NIST) Assurance Level-2 for admin functions. What this means is that you use two factors: something you know, like a code or password, and something you have, like a push notification or a one-time passcode...

  If you are a business owner are looking for ways to make sure that your systems are not compromised, you should consider passwordless authentication . Trying to replicate possessive or biometric factors is a lot harder compared to guessing passwords that people use over and over. And with no credentials to steal, cyberattackers have a much more difficult hill to climb. While so many people use passwords for securing their systems, the problem with them is that they can be easily hacked. You are probably wondering why every company has not yet embraced passwordless authentication with open arms with so much risk inherent in traditional passwords. Well, saying you want to implement passwordless authentication in your business and doing it are two very different things. Below, we look at some of the challenges of passwordless authentication. Besides the cost, there are some security measures that not even passwordless authentication can counteract, not to mention the fact that stake...

  In recent years, the cybersecurity industry has experienced a significant increase in websites losing consumer data to bad actors. There have been many account takeover fraud losses, and leading customer facing companies such as Google have experienced massive data security breaches. With the fundamental loss in consumer trust and millions in lost revenue, it is important for companies to take a second look at their approach to protecting their users. In March 2019, the World Wide Web Consortium (W3C) announced that FIDO WebAuthn is now the official web standard for password-free login. With support from a broad set of applications, widespread adoption of WebAuthn is expected in the coming years. With this new standard, any web application that runs in a browser that supports WebAuthn can now take advantage of these authenticators to securely authenticate users. Mozilla Firefox, Google Chrome, Microsoft Edge, Apple Safari, Opera, and rapid adoption by platforms (such as MSFT Edge w...

  You are probably whether digital signature technology is something that you can benefit from in your business. With this technology, you can optimize your workflow and management processes. A digital signature API will allow you to collect signatures for agreements, deals, and contracts or legal documents directly on your website or product. You can integrate a secure, trusted digital signature API in order to sign documents, request electronic signatures, automate the forms and data, and speed up the signing process. It is also possible to perform multi-factor authentication and download the sealed documents while also tracking the status of the documents in real-time, right from a website or your app. There are various good reasons why using digital signature technology is a good idea. One of the reasons is that it leads to enhanced document security and safety. In the office, your paper documents may not be as secure and safe as you may think. The documents can be stolen, des...

  Most websites, services, as well as applications have difficulty providing secure, convenient authentication for users, and passwords are usually the problem. While the passwords work in most cases, they tend to be either so simple that they are easily guessed by hackers. The passwords can also be so complex that they are hard for users to remember. All passwords, regardless of their complexity, are vulnerable to phishing and data breaches. The good news is that FIDO WebAuthn, which is a new web authentication standard approved in March 2019 by the World Wide Web Consortium (W3C), has made it easy for websites, services as well as applications to offer strong authentication without relying on passwords. Replacing passwords with strong authentication based on public key cryptography, in which the private key never leaves the user’s device, makes authentication both easier to use and more secure, something that benefits users and service providers alike. The FIDO WebAuthn standard...

  Digital identity verification is a necessary process for businesses in all sectors of the economy. It ensures an individual’s identity matches the one that is supposed to be. It involves comparing the set of unique characteristics and traits associated with an individual with the one claiming the same. This process is essential to ensure an actual individual is behind a process and prevent fraud through authentication as well as authorization. Whether online or offline, ID verification is a very crucial requirement for most procedures and processes, including online and offline banking, booking flights, or applying for a passport. Digital identity means how a person is represented and digitally documented online, sometimes through social login, work email address, or personal email ID. In a nutshell,  digital identity verification is a  process that validates an individual’s identifying characteristics or traits and verifies they really are who they claim to be by leve...

  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 ar...

  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 ve...

  Are you looking for a good identity verification solution to use in your business? One thing you need to keep in mind is that a bulletproof ID verification solution does not exist yet, so the goal at the moment is to minimize the fraud because it cannot be fully prevented. But this does not mean that you should settle for just any ID verification solution you come across. The following are some of the steps you should make to ensure you are choosing the right solution. First of all, you will need to evaluate your processes.  It is important to keep in mind that not all use cases require the same level of security and validation. If the use case relates to, for instance, a simple verification of people who are checking into your office building, the set of information necessary for verification in this case does not need to be extensive. In this case, a biometric fingerprint verification and identity document scanning can do the job without the need for further checks. ...

  Digital identity verification provides a significant opportunity for value creation for both individuals and institutions. In  the financial services industry, the pivotal role of identity authentication lies with the ability to establish and verify identities of customers as well as employees. This ability is essential to  maintaining customer trust as well as the security of transactions. The ongoing rapid growth in digitization, new technologies as well  as new user behaviors has  revolutionized the ways in which financial institutions interact with both their customers and employees. This process has dramatically changed the scope and procedures of their identity management obligations. Due to this, banks have started to re-evaluate their role in the identity supply chain. This is because the accurate verification and authentication of their customers’ identity online is becoming very important to the functioning of society as well as the successful appli...