The importance of two-factor authentication

This is a guest post by Yutaka Deguchi, general manager of mofiria Corporation. In recent years, the use of “two-factor authentication” has been increasing as a personal identification method. The methods of identity verification are roughly divided into the following three: 1) Use user’s knowledge: (Someting you know) 2) Use user’s possession: (Something you have) 3) Use characteristics of users themselves: (Something you are, biometrics) Multi-factor authentication is a method of identity verification using multiple elements of these three, and

Microsoft files patent application for digital pen-based authentication technology

Microsoft has filed a patent application relating to a ‘system and method for authentication with a computer stylus.’ In other words, authenticating a user by what and how they draw on the screen, according to a report by BGR. According to patent application #2010/0155153, Microsoft is looking to use the pen-based authentication technology for its Windows 10 feature, Windows Hello, which allows users to log in using facial recognition, iris, or fingerprint. The technology uses a combination of a unique

iSign releases access platform with biometric signature and 2FA

iSign International released its iSecure Captive Portal (ICP) 2017, designed to provide users access to networks and the Internet via biometric signature recognition. ICP platform delivers complete protection with active monitoring and artificial intelligence (AI) to analyze user access behaviors, helping organizations to improve their bottom line through rapid deployment, seamless operations, and reduced infrastructure costs. The platform is equipped with an intuitive graphical user interface for managing users and WiFi access points (AP), reducing the deployment time by more

Crossmatch enterprise authentication platform approved as Citrix ready

Crossmatch announced at the RSA Conference that its DigitalPersona Composite Authentication has been approved as a trusted Citrix-Ready solution. Composite Authentication delivers a combination of factors enabling risk-based authentication policies that adapt to a dynamic threat environment. This allows customers to secure all systems and applications in a complex IT environment marked by increasing endpoints, applications and new service delivery models. “Offering a Citrix-Ready solution to our enterprise customers provides an added level of authentication security and convenience,” said Chris

Mastercard to launch facial recognition payment app in Australia

MasterCard will soon launch its MasterCard Identity Check app in Australia, which enables users to use facial recognition to complement their passwords instead of completely replacing them, according to a report by The Sydney Morning Herald. The credit card giant initially began rolling out the Identity Check app, nicknamed “Selfie Pay”, in Canada and the U.S. last March, and plans to launch the service in Australia later this year but has not specified an exact launch date. In addition to

2FA progress uneven as password obsolescence approaches

Consumers use the same password for seven different accounts, on average, according to TeleSign’s Consumer Account Security Report 2016. The report, released Wednesday, shows that nearly half of consumers (46 percent) have turned on two-factor authentication (2FA), an 18 percent increase from the previous year. Amidst a year in which a record number of breaches have been reported, TeleSign surveyed 1,300 consumers, and found that almost a third of them consider their online life to be worth over $100,000, or

ISACA research shows that mobile payment technology is mitigating risks

Global IT association ISACA has released new research that finds that advancements in mobile payment security technology are helping to curb risks and improve consumer trust beyond levels typically associated with plastic payment cards. In its complimentary guide, “Is Mobile the Winner in Payment Security?,” ISACA outlines several advantages of mobile payments in regrads to physical and e-commerce transactions. The research highlights tokenization, device-specific cryptograms and two-factor authentication as three key technological improvements that are making mobile payments more appealing

Report predicts growth in two-factor and behavioural biometrics authentication

Less than one in ten businesses now rely solely on passwords for identity authentication, and the majority will be rid of them completely by 2025, according to research released Wednesday. Sponsored by mobile identity company TeleSign, the report “Beyond the Password: The Future of Account Security” shows the cost of fraud, and account takeovers (ATOs) in particular, are driving companies away from passwords, and towards two-factor and behavioural biometric authentication. Lawless Research collected survey responses from 600 professionals responsible for

National Stock Exchange of India expands use of two-factor authentication

The National Stock Exchange of India (NSE) has implemented a two-factor authentication for users of e-IPOs web-based application to increase security measures for investors, according to a report by Economic Times. The NSE initially launched its new electronic Initial Public Offers or e-IPO bidding system in January. The system has the facility of web-based log-in via the internet, offline bid entry post market hours, download facility of orders and order history, and other functions. “In order to enhance the security

Technavio publishes global two-factor biometrics market report

Technavio has published a new report entitled “Global Two-Factor Biometrics Market 2016-2020“, which forecasts that the global market will grow at CAGR of over 22% between 2016 and 2020. The company’s research analysts attribute this market growth to the increasing use of mobile devices to access critical information. Since these mobile devices are not completely secure, there are high chances of fraudulent activities and misuse of critical corporate and business data. The report finds that many enterprises are increasingly adopting