Strong Customer Authentication Solutions

  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 acquisit...

  If you are not yet using strong customer authentication solutions in your business, you should consider implementing them. Strong authentication is not simply a compliance exercise. It can also be a driver for innovation Strong customer authentication requires two factor authentication and dynamic linking to make sure that 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 the customer for at least two authentication factors - for instance, a PIN or password entered on their mobile device would constitute two factors, namely knowledge and possession. Despite the business opportunities PSD2 has opened, the adoption of strong customer authentication and FIDO2 biometric authentication has been slower than the European authorities would have preferred. This is because implementing strong authentication requires well designed user e...

  If you have never considered using strong customer authentication solutions in your business, you should consider doing so. Strong authentication is a way of safely and reliably confirming the identity of a user. Multi-factor authentication is one of the best options that you can use to establish trust with users, but actual strong authentication goes beyond multifactor authentication or two-factor authentication. So, what exactly does strong authentication solutions do? These solutions confirm user identity reliably and safely, never solely based on shared secrets or symmetric keys like passwords, codes, and recovery questions. FIDO2 biometric authentication assumes credential phishing and impersonation attacks are inevitable and robustly repels them. Even though multi-factor authentication is without doubt among the best ways to establish who trusted users are, actual strong authentication goes beyond either 2FA or MFA. When implementing MFA, at a minimum, you need to follow ...

  If you are a business persona and have not yet implemented passwordless authentication ux , it is something that you should definitely think about. Passwordless authentication is simply a process that verifies a user’s identity with something other than a password. With this technique, you can strengthen security of your company systems by eliminating password management practices as well as the risk of threat vectors. One of the good reasons to implement passwordless authentication ux in your business is that it leads to stronger cybersecurity posture.  Research shows that enterprises experience losses of up to $3.92m on average from data breaches. When cyber-criminals can gain access to your passwords, it means that they can also gain access to your company’s confidential data. The cybercrimimals can even get into other employees’ data and alter it too. However, you do not have to worry about data or identity theft with passwordless authentication because the hardware toke...

  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 inf...

  A great number of customers who have victims of fraud were not aware of it until it was too late. Card details can be easily compromised. Haven’t we all willingly given our card numbers over the phone to order a takeaway or entered them into an unknown site when registering for the first time? A rapid rise in online fraud together with a demand for better online security from consumers as well as retailers alike has finally led to the introduction of strong customer authentication (SCA). Strong customer authentication is the process of ensuring that the person who is making a purchase online is, in fact, the real cardholder. Even though there are many online payment risks, the good news is that there are ways to decrease your chances of being a victim. Before a transaction is approved, the customer needs to prove that they are the cardholder by the use of two or more elements that are categorized as knowledge (something only the user knows or password), possession (something onl...

  A lot of business people nowadays have started to rethink the user experience around how their employees authenticate. Smartphone and mobile apps have made accessing information easier, faster, and more convenient in our personal lives, but completing this task in our professional lives still remains a challenge. Think about how you access your mobile phone. Chances are you touch a fingerprint sensor to unlock your phone, or maybe you use facial recognition. What you are doing here is essentially performing two-factor authentication (a mobile device counts as possession and your biometrics counts as inherence) and quickly unlocking your phone without typing in a code or password. Now, think about how you access work applications. Chances are the authentication process is not as effortless or fast. You probably need to enter a password filled with special characters, upper case letters and numbers in order to access an application. If your company requires 2FA, you probably also h...