Knowledge-based credentials like passwords are susceptible to data fraud and other fraudulent activities. In truth, the 2017 Verizon Data Breach Investigations Report (DBIR) found that 81 percent of data breaches in 2016 were due to hackers who leveraged either stolen or weak passwords.
Many people are accustomed to using the same credentials across multiple accounts. Ifa hacker stealsan individual’s password and username combination, the hacker will gain access to other services, causing more damage.
Passwords continue to endanger users and compromise security. Fortunately, people can now use passwordless authentication ux that offers more protection against hackers and other opportunistic criminals.
But what does the phrase “passwordless authentication” really mean? In simple words, it is the way to authenticate when accessing an application or other resource without using a password.
Many businesses and government sectors are now using biometrics authentication,which is a security process that is critical in protecting customers’ and employees’ identities. To further elaborate, it involves using unique biological traits of an individual such as retinas, irises, fingerprints, and facial characteristics to verify if people are genuinely who they claim to be.
Compared to other types of authentication, it is more difficult for hackers to steal, loose, and duplicate biometric data. Biometrics authentication is common in mobile devices as their verification applications use physiological biometrics like facial recognition and fingerprint to unlock their services.
Moreover, it is also important for businesses under the financial sector to have a fido2 passwordless authentication to create a convenient but robust security to access applications, devices, and services.
The biometric systems have gone a long way and is only becoming more sophisticated overtime. For employers seeking to secure their workforce or improve customer experiences, implementing biometric technology is the way to go.
For more information on stronger customer authentication that can effectively boost fraud prevention, you can visit LoginID’s website.
