The first step to building a robust and secure information protection system is to create a strong authentication solution. This validates users’ identities and allows them to access non-public areas.
Organizations must ensure that authorized personnel can only access all sensitive information. Organizations should use the same security measures for cloud resources and remote access to corporate networks. Additionally, business owners should implement security mechanisms to ensure that all users who access network resources via mobile devices (e.g. tablets and smartphones) are authenticated.
Criminals are lurking around. They have been creative over the past years. They have a lot of ways to defraud people as well as organizations nowadays.
Frauds include identity theft, credit card fraud, and phishing. Credit card fraud occurs when criminals steal credit cards, debit cards, or card numbers from their victims to obtain money or assets. Identity theft is when criminals take someone’s identity and commit illegal activities.
With all of these, it is only normal to demand advance authentication to protect each user from any fraudulent act. To choose a market player in the authentication industry, continue reading this article.
LoginID
LoginID’s FIDO2 passwordless authentication system allows organizations to integrate secure biometric authentication across all major platforms and browsers. LoginID’s solution is free to use and easy to integrate with their suite of APIs. It also protects users from account takeovers or SIM swap attacks.
This is a good choice for fraud prevention as the company’s primary offering is passwordless authentication. They also expanded to offer fast online identity verification through their partner AuthorID. Consumers can use their mobile devices to scan identity documents and verify their identity in real-time.
Passbase
Passbase allows cloud-based and SDK integration in mobile and web apps. Some users experienced camera and loading issues with Passbase when they used Safari and Chrome browsers. Others had problems using their identity documents and were denied their credentials.
This is the reason why Passbase offers many identity solutions. These include identity verification via biometric matching of a photo to identity documents, age verification, and address verification. Passbase also uses active liveness detection to verify a user’s presence in real-time during proofing.
For more competitor analysis in authentication, see this infographic from LoginID.
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