Snippet: Do you have any idea how many accounts and passwords you’ve used? I am not just talking about your bank, email and social media accounts, but also all the passwords for the online stores that you’ve bought from (even if only once in the last 10 years), the subscriptions you’ve taken out and the online services you’ve used.

Do you have any idea how many accounts and passwords you’ve used? I am not just talking about your bank, email and social media accounts, but also all the passwords for the online stores that you’ve bought from (even if only once in the last 10 years), the subscriptions you’ve taken out and the online services you’ve used. What passwords did you choose for those accounts? Chances are that you chose ones that were easy to remember – and to guess. And if you’re like me, you probably reused passwords. All these accounts and passwords are still out there, sometimes with your credit card details and other personal data attached.

More and more Internet services are realizing that the user name and password paradigm is obsolete. Every day, bank accounts are being hacked and Facebook identities hijacked because of failing authentication mechanisms. Expecting users to manage scores of unique, unguessable passwords is unreasonable and enormously increases the risk of identity theft and fraud. As for knowledge-based authentication, the huge amount of personal information on social media means that it’s dead – just about anyone can find your mother’s maiden name online.

It’s for these reasons that Internet services are desperate for new ways to authenticate their clients. They want something that’s secure and user friendly. The FIDO Alliance, of which Entersekt is a sponsor member, is working to make this a reality. Imagine a world where you have one consistent authentication mechanism – no complex passwords, just a simple action on one of your connected devices and you’re authenticated. FIDO-enabled websites promise to deliver this vision!

Transakt is FIDO Ready

Entersekt’s software product, Transakt, was one of the first to pass FIDO’s testing program and is a FIDO Ready™ U2F authenticator. U2F (Universal Second Factor) lets online services add a strong second factor to user login. You could make use of a USB dongle, but Entersekt’s Transakt app or SDK transforms something your users already have – their mobile phones – into a U2F device. Employing a strong second factor means that a 4-digit PIN can replace a complex password without compromising security. After all, it works with your ATM card.

Entersekt already provides second factor authentication based on PKI infrastructure to banks, but now, together with the FIDO Alliance, we’re bringing two-factor authentication to any online service, ensuring your users’ security, rebuilding their trust in online services and future-proofing your business.

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Claudius van der Meulen

SVP EUROPE

Claudius manages Entersekt’s European business from our offices in the Netherlands. He’s a seasoned salesperson with two decades’ experience working in information technology at companies like Sun Microsystems and ACI Worldwide, and has been fundamental to our success in the region.

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Entersekt is an innovator of customer-centric fintech solutions. Financial services providers and other enterprises rely on our patented mobile identity system to provide both security and the best in convenient new digital experiences to their customers, irrespective of the service channel. With us, they can concentrate on their innovation roadmap, while delivering intuitive, low-friction digital experiences to their customers.