Strong Customer Authentication Solutions

  If you are a business person and you are not yet connected to the eKYC portal , you should consider doing so. In full eKYC stands for Electronic Know Your Customer. It is a system that is used for identifying identify and registering users by gathering personal and professional information. It is an extension of the traditional KYC procedure, with the difference being that eKYC can be processed online and is a much easier option for submitting documents and forms. The eKYC system was developed with a view to registering a user without the need for doing a lot of paperwork and documentation. Also, the time that it takes during the physical registration under a traditional KYC is a lot less in the case of eKYC. The eKYC system cuts costs and makes the client authentication process a lot more transparent for banks as well as financial institutions. With this system, it is possible for people to submit essential documents and other information while sitting comfortably in their homes...

  There are many benefits that you can get as a result of getting connected to the eKYC portal . e-KYC utilities can be used solve the current KYC challenge that  is faced by financial institutions. The following are some of the benefits you can realize by accessing an e-KYC utility. First of all, you are going to have a faster client onboarding and improved client experience when you connect to eKYC portal and get FIDO2 certification . With access to the right, up-to-date information, you can reduce the amount of times you need to ask a client for data or documents. You can enjoy faster client onboarding as well as quicker time to revenues by leveraging existing document and data assets more effectively, both internally and externally. eKYC utilities can drive quality at source and provide a more consistent experience to clients and get them ready to transact, save or trade faster, while offering more value-added services. You will also experience significant operational ...

  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...

  FIDO Alliance is an open industry association that aims to set authentication standards to help reduce the world’s over-reliance on passwords. FIDO2 is a new standard from the FIDO alliance, which is simply an authentication method that is much safer compared to a password-based system. FIDO2 is also faster and more user friendly compared to the 2nd-factor authentication (2FA) including OTP (One-Time Passcode). Therefore, FIDO2 becomes the technology of choice for passwordless login systems, including hybrid cloud applications, like Microsoft Azure AD. FIDO2 certification programs are a very crucial element when it comes to ensuring an interoperable ecosystem of products and services that companies can leverage to deploy FIDO Authentication solutions all around the world. FIDO Alliance manages functional certification programs for its core specifications to validate product conformance and interoperability. Additionally, it has introduced programs to delineate security capabilit...

  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...

  FIDO2 creates a simple way for enterprises as well as developers to give their customers simple, secure, passwordless authentication. The FIDO Alliance achieved FIDO2 certification in 2019 for its Authentication/Privacy Platform. Now, developers can offer their customers a simple way to eliminate traditional logins and passwords with secure biometric authentication across smartphones, tablets, tablets and PCs. FIDO2 is a set of standards that enables easy and secure logins to websites and applications via biometrics, mobile devices and/or FIDO Security Keys. The simpler login experiences of FIDO2 are backed by strong cryptographic security that is far superior to passwords, protecting users from phishing, all forms of password theft as well as replay attacks. Emerging regulatory trends like General Data Protection Rights (GDPR) and California Consumer Privacy Act (CCPA) are forcing organizations to comply with increased privacy protection rights for end-users. FIDO2 helps enterpr...

  FIDO’s certification programs are very important when it comes to ensuring an interoperable ecosystem of products and services that organizations can leverage to deploy FIDO Authentication solutions worldwide. The FIDO Alliance manages functional certification programs for its core specifications to validate product conformance as well as interoperability, and in addition it has introduced programs for delineating security capabilities of FIDO Certified Authenticators and to test and validate the efficacy of biometric components. FIDO certification brings a lot of benefits to vendors, deploying organizations as well as end users alike.   For vendors, earning the FIDO(R) Certified mark validates to customers the integrity of their product, meaning that the product adheres to the FIDO Specifications and interoperates within the marketplace – for example, a FIDO2 Certified Server can accept any FIDO2 Certified authenticator, regardless of its manufacturer. This certificati...