Summer may generally be slower in business, but cybercrime never sleeps.
These few months, a number of interesting mobile identity and authentication stories have hit the headlines, and we’ve been following with a watchful eye.
Whether you’re resting at the beach or home, this list should make for an interesting read and ensure you’ve been caught up. Enjoy seven interesting articles we have compiled in this reading list.
The Importance Of Mobile-First Onboarding (Forbes)
A long onboarding process and friction with proving identity are one of the biggest causes of user drop-offs in sign-up and sign-in processes.
In fact, 60% of users feel they are occasionally, frequently, or always slowed down or blocked from accessing services online.
That’s a huge opportunity, and it’s precisely where authentication solutions such as IPification come in, enabling a frictionless user experience without sacrificing security, thus helping your conversion rates rise.
Find out more about the importance of mobile-first onboarding in this article.
Has Multi-Factor Authentication Failed Us?
Even with the increase in MFA adoption, cyberattacks are still on the rise. But worry not because multi-factor authentication is still the best cybersecurity strategy to adopt.
If anything, this only highlights the importance of choosing the right authentication solutions to integrate into your system, away from passwords and SMS OTPs.
Of course, we’re always inclined to recommend IPification.
Find out how to build a truly secure multi-factor authentication system in this article.
How to protect yourself from a SIM-swap attack
Since SIMswapping is one of the most prolific cybercrime strategies nowadays, you should know the ways in which you can protect yourself.
It’s also why we’ve developed IPification SIMswap Detection.
When IPification SIM Swap solution detects a new SIM card, any authentication request is interrupted thus preventing any authentication-dependent transactions or action from being performed. Available as a standalone solution!
Learn how to protect yourself from a SIM-swap attack in this article.
Face recognition on 40% of new phones easily spoofed with a printed photo
Biometric authentication is, without a doubt, one of the best solutions when it comes to user experience.
That being said, it’s worth noting that there are certain cybersecurity risks when it comes to the technology used around the world, in this case a list of smartphones from some of the biggest manufacturers.
It’s why it’s super important that businesses implement additional factors in addition to biometrics.
Find out why some biometric authentication isn’t good enough in this article.
Going Digital: How The Credit Card Industry Is Fighting Fraud
This is a story of how increasing cyberattacks have led to a drop in trust of consumers shopping online, over half of whom are more worried than ever about becoming a victim of cybercrime.
Since credit cards, mobile wallets, and other fintech companies are often the primary target, it’s of utmost importance that they implement an efficient multi-factor authentication system that incorporates solutions such as IPification or biometrics in place of SMS OTPs for 2FA.
Learn what the credit card industry should do to increase security in this article.
Gen Z Consumers Give Banks Less Than a Passing Grade on Bank Authentication
Less than 40% of Gen Z Consumers agree that bank authentication is strong enough. Similarly, all current generations agree that banks and financial institutions should do more to protect accounts.
So, where is the hold up? Our guess is the age-old complicated relationship between security and user experience.
But we at IPification know well that it’s possible to have both!
Find out what Gen Z thinks of bank security in this article.
Poor Communication During a Data Breach Can Cost You — Here’s How to Avoid It
Poor communication during a data breach can end up costing a company far more than the data breach itself. It’s why it’s important that companies have a precise technical plan to produce an airtight response.
Of course, it’s always better to prevent a data breach in the first place by implementing an effective cybersecurity system.
Find out how you can do that in this article.
Team IPification experts can help you come up with the best strategy for your business. Just message us to schedule a free consultation!
