AUTHID

  If you have not yet embraced digital identity verification technology in your business, it is something that you should definitely consider giving a try. Gone are the days when establishing an account with a business, such as a bank, healthcare provider or retailer required a visit to a brick-and-mortar location. The advent of web-based registration systems, and more recently smartphone use, has moved this mundane task largely online. One of the reasons why companies are moving transactions online is so as to harness the power of the internet to grow and serve their customer base. However, this convenience comes with a price. In order to safely onboard customers, you need to verify identities in an online environment, something that creates opportunity for fraudsters since it is far easier to pass an identity verification check online than in a face-to-face environment. Online identity verification is very crucial especially in this day and age where fraudsters have become ...

If you are a business owner, you may be wondering if remote identity verification is something you should implement. As sensitive personal transactions move closer to online, remote identity verification becomes ever more important. In highly regulated industries, like banking, the necessity for remote ID verification has become more common because of regulatory compliance with international regulations such as Know Your Customer (KYC). There are many reasons to verify identities of the person who access your business, which includes both employee and customer onboarding which call for companies to gather, verify and store personal IDs. Companies have been using identity verification for remote onboarding for years and many industries now use it extensively. This is done so as to establish trustworthiness and to track employee attendance. It is also commonly used in areas like healthcare and government to make sure that the people who hold various key roles within the organization a...

  Are you looking for top multi factor authentication solutions that you can use in your business to secure your business systems? MFA significantly reduces the risk of a breach. With account takeover attacks on the rise and cybercriminals investing a lot of effort in compromising corporate accounts through brute force password attacks, social engineering, and password theft, you need to work on making sure that your business systems are secure. When you start looking for the right device-based authentication solution, there are various factors you need to pay attention to. One of them is user-friendly authentication. Ease of use is the single most important consideration when choosing a multi-factor authentication solution. If your end users cannot easily access their corporate accounts, you are likely to see major drops in productivity and a lot of support tickets, as people will turn to the IT department for help. A great way to avoid this problem is to look for a multi-fa...

  Are you looking for a good multi factor authentication solution for your business? Multi factor authentication (MFA) can also help your organization to meet compliance regulations, such as PCI-DSS. Data privacy policies are increasingly putting more pressure on organizations to secure customer data and employee access to that data. Multi-factor authentication can be an important way for your organization to meet these compliance needs, and its use is recommended by many organizations that advise on compliance for data protection regulations, such as GDPR. When you start looking for the right ID verification solution for your business, there are various factors you will need to consider. First of all, you should look for broad coverage of authentication use cases. Considering which accounts and services you need to secure with multi-factor authentication is very crucial in finding the right solution. Maybe you need to secure just one application, or all of your users’ accounts...

  If you have not yet implemented identity authentication technology in your business, you should consider doing so. This technology will help improve the security of your business and make sure that you are not vulnerable to data breaches. The following are some of its benefits. First of all, identity verification for mobile banking is very instrumental when it comes to preventing fraud and money laundering. An individual or company that does not take identity verification with the seriousness that it deserves opens itself up to risk. Some of them are the risks of fraud and money laundering. One of the key factors that were possible was that they did not have a solid identity verification system in place. As a result, companies adopt risk-based models that employ identity verification to assess which users might be high-risk. They can them make use of this to create authentication levels based on the risk potential of certain transactions. Afterwards, they can note those that...