Many companies are becoming more inclined to use electronic data, which increases the keeping of clients’ sensitive information.
Organizations must verify users now more than ever. Despite modern passwords, some are not sufficient to protect digital transactions. People who took advantage of digitalization have also advanced with technology making tech companies find ways to expel malicious intrusions and expose data theft. A greater need for enhanced and advanced authentication is needed.
As an alternative to traditional passwords, biometrics, smartcards, and tokens have become more common mobile identity verification methods. Many end-user industries have developed two-way authentication systems that use cloud systems or online services in conjunction with micro-chipping, which are used in financial transactions in physical banks and online banking transactions.
These are the top players on the market who make authentication more accessible and secure.
LoginID – LoginId’s SaaS-based Passwordless authentication is a leader in biometric authentication. They also offer the following verification services like: Digital Onboarding, Digital Identity Verification (in collaboration with AuthID,) and PSD2 Strong Customer Authentication. These are all FIDO2 certified, ensuring strong customer authentication.
Magic.Link – Another passwordless login uses magic links to redirect users to another URL. After filling out the required information, the user is prompted to return to the original tab.
Auth0 – Besides biometrics, email and SMS, and magic hyperlinks, Auth0 allows multi-factor authentication (MFA). This will enable users to have dynamic control over their data. Auth0 will provide insights for companies through their management system.
Passbase – Passbase is not yet FIDO2 certified but offers identity verification that exceeds standard and is cybersecurity-capable. These can be integrated into mobile apps, web applications, and browsers.
Nok Nok – This provider uses mobile apps that allow native biometrics and secure authentication to provide passwordless capabilities. They also help businesses ensure security at all levels of operations.
Companies need to level up their security and identity verification to prevent identity fraud and the dreaded account takeovers by opportunists and hackers. They can increase their return on investment by working with a technology provider that provides robust FIDO2 multifactor authentication solutions and identity verification.
Check out this LoginID infographic to learn about digital security for your business operations.
