News, Education and Events Decoding Digital Payments & Fraud

News, Education and Events Decoding Digital Payments & Fraud

Strong Authentication Not Strong Enough?

Strong Authentication Not Strong Enough?

Despite incessant warnings from security professionals, and the availability of more advanced technology, businesses are still relying heavily on passwords to authenticate their customers and their employees, according to a new report from the FIDO Alliance and Javelin Strategy & Research. According to the 2017 State of Authentication Report, efforts to implement multi-factor authentication (MFA) have been undermined by the inclusion of passwords. In the report, Javelin and FIDO recommend stepping up to “high-assurance strong authentication”—the combination of MFA and strong cryptography—to secure networks and data.

“Not all multi-factor authentication combinations are created equal, and it’s time to set a new yardstick with which to measure strong authentication methods, with the strongest deemed ‘high assurance’,” said Al Pascual, senior vice president and research director for Javelin Strategy & Research. “Many consumer devices are coming equipped with built-in capabilities that enable high-assurance strong authentication, reducing costs and complexity for all stakeholders. We believe that the adoption of high-assurance strong authentication will only increase in the months and years to come—and data breaches as the result of credential theft to decline.”

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