Multi-Factor Authentication (MFA)
What is MFA?
Multifactor authentication (MFA) is a security system that requires more than one method of authentication from independent categories of credentials to verify the user’s identity for a login or other transaction.
The goal of MFA is to create a layered defence and make it more difficult for an unauthorized person to access a target such as a physical location, computing device, network or database. If one factor is compromised or broken, the attacker still has at least one more barrier to breach before successfully breaking into the target.
The Rise of MFA
In the past, MFA systems typically relied upon two-factor authentication (2FA), this typically compromised of a OTP (One Time Password) to complement the users password. The logic being, that if a password was compromised, the OTP solution provided additional level of security. However, these solutions delivered questionable levels of security and added significant levels for friction to users, who were now required to remember a password, a PIN that was associated to the OTP solution and the solution delivering the OTP itself, this could be physical token, virtual application, SMS or phone call.
MFA is often mandated in many regulated industries, however the biggest obstacle for 2FA use, was 2FA was often redundant if the user could not remember their password. Unfortunately, the age old problem of increased security at the expense of user experience.
A Versatile MFA Platform
Veridium enable organisations to eliminate passwords and legacy 2FA technology, delivering significant operational cost savings and enabling mobile centric MFA solutions to meet regulatory compliance. Our solutions provide industry leading security with exceptional user experience to a huge variety of applications, from Windows desktop, Web, SaaS, VPN and legacy applications.
What is VeridiumID?
Enterprises face many challenges as they try to deliver digital services to an increasingly dispersed end user community.
Existing solutions on the market force customers to make a choice between security and convenience in order to achieve these goals.
We believe uncompromised user experience and best in class security are no longer mutually exclusive.
VeridiumID is all that any business needs to implement strong, passwordless authenticaton and have the best employee and customer login experience.