A Look At The Different Knowledge Based Authentication Alternatives

 

Are you looking for the best knowledge based authentication alternatives? Knowledge based authentication (KBA) identifies users by asking them to answer specific security questions so as to verify their identity for account opening, login, or other online activities. The promise of this security mechanism is, unfortunately, met by some harsh realities. It is for this reason that a lot of organizations are looking for alternatives.

While KBA seems like a good method for verifying who a person is, it has proven incredibly easy to compromise. In the modern age, KBA is a good way to irritate your customers and leave them as victims of fraud. The following are some of the alternatives you should consider.

Behavior recognition can be a great alternative to KBA. This is a pattern that is frequently used by many credit card agencies. It is something that generally involves using publicly available data for establishing user patterns, and looking for breaks with those patterns. Since customers tend to fall into habits, a sudden break from those habits should create red flags within your system. Even though it is possible your model is wrong or the change in behavior could be because of exigent circumstances, checking out shifts in customer behavior can be used to alert of possible fraud.

Another good alternative to knowledge-based authentication alternative is phone-limited access. The phone is one thing that everybody has and tends to guard jealously.  The rise of mobile phones and the many services offering number transfers has made tying customer identity to phone number a convenient way to verify identity. When somebody calls in, and they are using a phone number that is linked to the account, there is a good chance that you are communicating with the right person. For this method to be effective, it is best used in conjunction with other identity verification methods to counter possible software glitches.

For more information on the knowledge based authentication alternatives, visit our website at https://www.ipsidy.com/


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