Strengthening authentication through big data

#artificialintelligence

Ben Dickson is a software engineer and freelance writer. He writes regularly on business, technology and politics. The fact that plain passwords are no longer safe to protect our digital identities is no secret. For years, the use of two-factor authentication (2FA) and multi-factor authentication (MFA) as a means to ensure online account security and prevent fraud has been a hot topic of discussion. Technological advances, especially in the mobile industry, have created new possibilities, and manufacturers and vendors are offering various multi-factor solutions in the domain of biometrics, physical tokens, software tokens and mobile codes.


The Biometric Future of Banking

#artificialintelligence

As the world becomes increasingly more digital, the number of passwords people have to manage is becoming a serious problem. Financial institutions need to investigate acceptable biometric alternatives for authenticating mobile banking users that balance both security and simplicity. For financial institutions, one of the primary goals of digitization is to improve the simplicity of banking. In an effort to improve the user experience, one of the stumbling blocks has been the password authentication process needed to access mobile banking. Combining the need to improve the security of accessing accounts due to increased data breaches, with a desire for greater ease of use, is a difficult balancing act.


Moving From Passwords to Biometric Banking

#artificialintelligence

As digital transformation continues across all industries, the need for an increasing number of passwords is becoming problematic. Financial institutions need to investigate acceptable alternatives that balance security and simplicity. For financial institutions, one of the primary goals of digitization is to improve the simplicity of banking. In an effort to improve the user experience, one of the stumbling blocks has been the password authentication process needed to access mobile banking. Combining the need to improve the security of accessing accounts due to increased data breaches, with a desire for greater ease of use, is a difficult balancing act.


5 things you should know about two-factor authentication

PCWorld

One of the best pieces of security advice any computer expert can give you is to enable two-factor authentication for websites that support it. With password breaches so common nowadays, it could be the one thing that keeps hackers from stealing your identity online. Here are five points to help you understand this technology. A lot of people think they're the same thing, but that's not really accurate. There are three types of authentication factors: something you know, such as a password or PIN; something you have, such as a mobile phone or a special USB key; and something you are, such as your fingerprint or other biometric identifier.


Hacks battered IT optimism in 2016; can 2017 enrich defenses

ZDNet

Lately, cybersecurity has been the place where IT's optimism goes to die. It's been a tough road for companies and organizations the past few years as their network defenses have been bent and broken on a consistent, and often dramatic, basis. Hacks that topple over a billion user accounts are shocking and make a solution seem impossible. But IT is resilient despite on-going challenges in staffing, budgeting, and time. The question is will a new year bring improvements in cybersecurity, specifically around authentication and access controls?