Technology is something that is bound to develop continuously, meeting what the majority across the globe needs to make living easier and safer. As hackers tend to be more tech-savvy in the current generation, biometrics technology has slowly taken over security measures, especially online transactions.
Fingerprint recognition is one of the first biometric recognition methods widely used with smartphones, other gadgets, or even home locks. From its fundamental framework, the integration of facial, voice, and iris identification are now also being adapted for security purposes such as mobile access, e-commerce platforms, airport, banking, and more.
One benefit of passwordless authentication is that this method is proven tougher to breach than password and PINs for e-commerce fraud prevention, which is an excellent option for everyone, especially those who like to do online transaction. Now that the world is still facing a dangerous pandemic where people must stay inside their homes for their safety, buying everything one needs online is pretty convenient. Although it may sound promising, not all passwordless authentication are equally safe. Some are built stronger while few can have vulnerabilities or weak points.
FIDO2 PASSWORDLESS AUTHENTICATION
FIDO, an abbreviation for Fast Identity online, was created by FIDO Alliance, an open association from numerous tech leading companies worldwide. FIDO2 is a set of protocols that provides tightened-up security yet easier identity verification for its users.
FIDO2 was developed to address security and password concerns related to user data. It offers additional functionality that eliminates the need to create passwords or one-time passwords (OTP), while providing strong security and better user experiences on digital platforms. The standard uses a personal device (e.g., a smartphone or token) that uses a set of cryptographic keys to secure access to the FIDO2-enabled service. It is safer because the authentication data such as biometrics is not stored in the service. This configuration gives users more privacy and protects login credentials from hackers. It protects organizations from common threats like phishing and session hijacking, man in the middle, and malware attacks.
The evolution of FIDO2 is a sign of a growing need for a passwordless system, especially today that millions of transactions are now being done through online platforms, even payment methods. Integration of business and corporate media with FIDO2 authentication standard elevates user authentication identity proofing and strengthens fraud prevention and anti-cybercrime mechanism.
LOGINID – FIDO2
LoginID is not like other solutions on the market. It does not depend on insecure methods like probabilistic risk-based authentication (e.g., device fingerprinting) or a proprietary biometrics algorithm (e.g., liveness detection). These methods require large amounts of data or pose additional risks for the company. LoginID uses FIDO2 standards to improve security, privacy, and convenience while also keeping in mind the dangers and solutions of passwordless authentication.
FIDO2 is a great option to keep a company safe, its documents, customers, and employees. But before you choose your security company to go with, read more about passwordless or biometric authentication and give some time for visiting a company offering what service you need.
To know more about why FIDO2 Passwordless Authentication is on top of the line, you can read this infographic from LoginID.
