Why should you care about securing your digital identities?
Identity theft is becoming an increasingly common problem all over the world, as fraudsters discover more and more ways to get hold of the information required to steal someone’s identity.
Identity theft means that the perpetrator of the crime takes the victim’s personal information and then uses it in an unauthorized way for his or her own personal gain.
Some of the recent targets of identity theft breaches are LinkedIn, Sony and Tesco bank. The online website World’s Biggest Data Breaches has more information about identity breaches.
The cost of Identity theft measured in dollars reaches almost USD15 billion. And the human cost is huge, yet immeasurable.
Have you been personally affected by a breach? Go to https://haveibeenpwned.com and find out!
How can you secure that users are who they say in the digital world?
The process of verifying that the user is who he or she claims to be is called authentication. This process has traditionally involved entering a UserID and a password. A single userID and password is not secure enough, proven by the identity thefts mentioned earlier.
One way to increase security exponentially is to use Multi-Factor Authentication (MFA).
MFA is a combination of at least two of the following factors:
- Something you know (userID or password)
- Something you have (mobile phone, smart card)
- Something you are (fingerprint, eye scanning)
Another important security aspect is maintaining the creation, updates and termination of digital identities. Managing this lifecycle process is vital to avoid a potential hacker to use unterminated orphan accounts.
How do you keep it simple to the user without compromising security?
Multi-Factor Authentication can be as simple as a combination of entering a UserID and touching “Approve” in a mobile app.
Once a user is authenticated, we know who the user is. This authentication can then be used to access multiple applications and services without any additional user login interaction. This is called Single-Sign-On (SSO).
How can we secure that you are you?
By using Multi-Factor Authentication (MFA) from PhenixID, you will get a secure verification that the user is who he or she claims to be.
PhenixID provides many different methods to achieve MFA.
One way to achieve MFA is the mobile app PhenixID One Touch. By using a certificate, the trusted device is given a great level of security and a ‘one touch’ ease of use for the user.
Using the PhenixID One Touch app is simple. After you entered your UserID, a push notification is sent to your mobile. You simply answer the notification question, for example “Approve” or “Reject”, and then you´re authenticated. It’s really the simplest solution with the best results.
PhenixID also provides solutions to control the identity lifecycle.