A Look At Knowledge Based Authentication Alternatives





Knowledge Based Authentication (KBA) is a method of identity proofing based on the knowledge of the individual’s private information. KBA suggests that to prove people are who they claim they are, they must provide an answer for a pre-shared or computer-generated personal question. This technology is used by a wide variety of website services, financial institutions, and email providers for identity verification purposes.

Knowledge Based Authentication identifies users by asking them to answer specific security questions in order to verify their identity for account opening, login, or other online activities. The promise of this technology is unfortunately, met by some harsh realities. This is a lot of organizations are looking for knowledge based authentication alternatives.

If you have already decided that Knowledge Based Authentication is not right for you, you have some options to consider. One of them is two-factor authentication (2FA). This authentication method requires more than one method of identity verification. It combines any two of something the user knows as well as something they have or something they are. Most commonly, two-factor authentication combines a username or password with a unique verification code which is texted or emailed to the user.

SMS-based 2FA is considered effective for password resets as well as suspicious logins due to the near-ubiquitous penetration of smartphones. It is a convenient authentication method for users.

Another knowledge based authentication alternative that you can use is credit bureau-based solutions. A lot of online identity verification systems call out to one of the big three credit bureaus, namely Experian, Equifax and TransUnion. These credit bureaus then search for an identity match within their vast repositories of consumer credit data. Not only are these authoritative databases with a wealth of identifying information, but they are also easy to tap into via API and can provide a fast, low cost, un-intrusive customer experience.

For more information on knowledge based authentication alternatives, visit our website at https://authid.ai/


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