survey by Prove<\/a> found that 62% of consumers would abandon trying to log into an account after just 3 failed password attempts, and 34% would switch providers completely if they\u2019re unable to log into their account easily.<\/span><\/p>\n\u00a0In addition, consumer-focused authentication solutions must also prioritize:<\/span><\/p>\n\n- Seamless omnichannel experiences<\/span><\/li>\n
- Flexibility to authenticate on any device<\/span><\/li>\n
- Robust privacy management<\/span><\/li>\n
- Consistent, user-friendly interface<\/span><\/li>\n<\/ul>\n
Therefore, you need a solution beyond passwords that gives you increased security while improving user experience. What if you told you that you can also add streamlining your IT operations to the fray? You will get all this, and more, by integrating <\/span>passwordless solutions <\/b>to your organizational architecture.\u00a0<\/span><\/p>\nThe rise of passwordless authentication and its benefits<\/h2>\n
Passwordless authentication is a method that allows users to gain access to systems and applications without entering a password or answering security questions. The latter two parameters don\u2019t necessarily need the user to be present. An attacker can obtain your password and login themselves much later, without you even knowing. On the other hand, passwordless authentication mandates <\/span>presence<\/span><\/i>, to ensure users are who they say they are. This can be achieved by verifying unique physical characteristics through <\/span>biometrics<\/b>, either through mechanisms inbuilt in user devices or through hardware tokens and smart cards. Thankfully, most of the devices we possess today have some scanner or the other to verify biometrics. Either way, a <\/span>possession check <\/span><\/i>is complete and access to allowed resources is granted through a seamless linkage with your IAM systems.\u00a0<\/span><\/p>\nFor added security, you can add it as one of the factors of your MFA strategy, along with another factor like OTP. And according to the situation, you can adapt it to optimize your operations. For example, if a remote employee is logging in from their usual home network, only biometrics can serve as the authentication factor because of familiarity. But if they\u2019re logging in from a location they haven\u2019t logged in from yet, you can introduce an additional factor like OTP for added security.<\/span><\/p>\nThis will result in a quicker, more streamlined login process for your consumers. And, on the other hand, it will eliminate all the risks associated with passwords by reducing all those attack vectors.\u00a0<\/span><\/p>\nBut naturally, with every new organization-wide product integration, you will be faced with challenges in terms of tech costs, potential vulnerabilities and facilitating a simplified access process.\u00a0<\/span><\/p>\nThe key to this is to start with evaluating your organization\u2019s specific needs and challenges. If, let\u2019s say, you\u2019re a healthcare company, your main prerogative will be to find a secure place to keep all your patients\u2019 sensitive PHI. Then, if you\u2019re a financial organization facilitating transactions for high net-worth clients, ensuring complete verification validity for your clients will be your goal. Some other pressing needs include complete adherence to compliance regulations (GDPR, HIPAA), scalability to accommodate your growing business in the future and staying in front of tomorrow\u2019s prevalent security threats. Once you have identified your foremost objectives, the next step is to choose a technology provider that totally aligns with them.\u00a0<\/span><\/p>\n1Kosmos solutions for passwordless customer authentication<\/h2>\n
We have recently partnered with industry leaders 1Kosmos to provide the best passwordless customer authentication service in the market. 1Kosmos solutions facilitate cutting-edge customer security through non-biased & objective identity verification and fraud prevention.<\/span><\/p>\nBlockID<\/b>, a product originating from the iValue-1Kosmos partnership, possesses several cutting-edge methods leading to completely secure authentication:<\/span><\/p>\n\n- We incorporate a variety of <\/span>advanced biometrics methods<\/span><\/i> that can be selected according to your particular use case, including LiveID, FaceID and device biometrics.<\/span><\/li>\n
- Our <\/span>identity proofing <\/span><\/i>software ensures 99% accuracy when it comes to verifying identity anytime, anywhere and on any device.<\/span><\/li>\n
- Our <\/span>identity-based authentication <\/span><\/i>emphasizes the individual, not the device, through measures like credential triangulation & identity verification. This approach leads to near flawless authentication.\u00a0<\/span><\/li>\n
- Through our distributed identity architecture, we comprehensively practice <\/span>privacy by design.<\/span><\/i><\/li>\n
- Storing biometrics in a centralized location can create major ethical and security challenges. We possess a <\/span>private and permissioned blockchain <\/span><\/i>that contain distributed ledgers safely storing all your customer data.<\/span><\/li>\n
- Finally, we have the <\/span>best onboarding process <\/span><\/i>for your new passwordless authentication team to get up to speed quickly.\u00a0<\/span><\/li>\n<\/ul>\n
Through the strengthened security and seamless access you will be providing your customers through our solution, increased retention rates are surely on the cards.\u00a0<\/span><\/p>\nSo, <\/span>contact us now<\/span> to discover the future of customer authentication with 1Kosmos!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"The pitfalls of password-based authentication Most things in the tech world have a cycle of a decade or two before they are rendered obsolete by something more advanced. Floppies holding mere MBs, giving way for TB-holding hard drives. MSN Messenger, giving way for more dynamic platforms like WhatsApp and Telegram. However, somehow bucking the trend, …<\/p>\n
Transforming Customer Authentication\u00a0with Passwordless Solutions<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":1,"featured_media":20195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[131],"tags":[350,360,358,359,351,357],"whitepapers":[],"case_studies":[],"acf":[],"_links":{"self":[{"href":"https:\/\/ivaluegroup.com\/en-in\/wp-json\/wp\/v2\/posts\/22644"}],"collection":[{"href":"https:\/\/ivaluegroup.com\/en-in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ivaluegroup.com\/en-in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ivaluegroup.com\/en-in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ivaluegroup.com\/en-in\/wp-json\/wp\/v2\/comments?post=22644"}],"version-history":[{"count":1,"href":"https:\/\/ivaluegroup.com\/en-in\/wp-json\/wp\/v2\/posts\/22644\/revisions"}],"predecessor-version":[{"id":22645,"href":"https:\/\/ivaluegroup.com\/en-in\/wp-json\/wp\/v2\/posts\/22644\/revisions\/22645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ivaluegroup.com\/en-in\/wp-json\/wp\/v2\/media\/20195"}],"wp:attachment":[{"href":"https:\/\/ivaluegroup.com\/en-in\/wp-json\/wp\/v2\/media?parent=22644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ivaluegroup.com\/en-in\/wp-json\/wp\/v2\/categories?post=22644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ivaluegroup.com\/en-in\/wp-json\/wp\/v2\/tags?post=22644"},{"taxonomy":"whitepapers","embeddable":true,"href":"https:\/\/ivaluegroup.com\/en-in\/wp-json\/wp\/v2\/whitepapers?post=22644"},{"taxonomy":"case_studies","embeddable":true,"href":"https:\/\/ivaluegroup.com\/en-in\/wp-json\/wp\/v2\/case_studies?post=22644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}