Authentication using a number of different methods increases security compared to systems with simpler password authentication.
Multi-factor authentication (MFA) is a security mechanism, which authenticates people using more than one required security and validation method. Because authentication with just a username and password is not secure and is also vulnerable to hacking.
There are basically four types of authentication methods. They are based on possession, knowledge, location, and biometric features. For example, users own an identified device, know a password, log in at their location from a certain IP address, and have a unique fingerprint. The combination of these identification methods ensures to the greatest possible extent that those wanting to access resources are really who they say they are. The more sophisticated the MFA, the more secure the system. However, user friendliness cannot be sacrificed.
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Not every online process requires the same level of security. That’s why Nevis can be configured so that the system chooses the strength of the authentication measures based on the level of risk, thus always guaranteeing maximum user friendliness.
Multi-factor authentication facilitates maximum user friendliness because biometric procedures like facial recognition and keystroke dynamics require neither time nor effort from users. At the same time, they increase protection against unauthorized access since users tend to sidestep more complex manual security measures. MFA is therefore very effective at complicating identity theft. This is especially important when it comes to sensitive processes like payments and access to documents requiring protection.
MFA is implemented when the authentication and validation of an individual is of the utmost priority. In fact, PSD2 made it obligatory for financial services providers. However, a data breach can damage a company’s reputation across all industries and lead to loss of trust among customers. As such, MFA is suited to all companies that value data security as much as user friendliness.
«The Nevis Suite has proven highly successful at SFS. It has made it possible to further improve existing operations and respond quickly to new customer demands.»
Access management in combination with identity management makes it possible to grant or revoke user access to digital data, services, and applications.
Identity management matches user identities with their respective user rights and facilitates access to the approved resources.
Passwordless authentication facilitated by tools like Face ID or fingerprints increases security and user-friendliness.
Authentication using a number of different methods increases security compared to systems with simpler password authentication.
Optimal data protection and transparency for users thanks to simple consent/rejection of terms and conditions and automatic compliance with all guidelines.
Transaction confirmation provides an additional level of security on top of authentication for things like online payments.
Anomalies in user behavior can be detected with user behavior analytics to prevent and avert unauthorized data access.
Integrated fraud detection monitors all user activities during a session and generates a risk assessment for fraud prevention.
Self-services offer users the option to manage their data and user account settings themselves.
Best-in-class companies have transformed their organization by focusing on the customer. Nevis helps you deliver an exceptional cross-channel customer experience that is more human and efficient - from the first trusted, hyper-personalized experience to a happy customer and beyond.