Slide background

The Entersekt blog.

Industry news, security threats, and technology advances in consumer authentication
Passwordless authentication: The future is here

Passwordless authentication: The future is here


Passwords suck! There, I said it. We've all heard it said many times before, but it’s worth repeating. The concept of gate-keeping access to digital services with a username and password may have been appropriate, and even good practice, in the early days of computing when a person might only have one or two logins to maintain. However, in today’s world where people have hundreds of accounts, they tend to re-use one password for multiple accounts or outsource the job to a password manager service. And even if you do manage to create a complex and unique password for each account, and remember it at the time of login, there is still the problem of data breaches, which are becoming all too common. 

Read More ...

Snippet: According to behavioral marketing agency SaleCycle, almost 75% of all online shopping carts are abandoned globally. With 70.9% and 74% respectively, Europe and the US actually rank the lowest.

According to behavioral marketing agency SaleCycle, almost 75% of all online shopping carts are abandoned globally. With 70.9% and 74% respectively, Europe and the US actually rank the lowest.

Snippet: Over the past fifteen years, the balance of power between large financial institutions and their retail customers has changed. The consumer now has a seat at the bargaining table, and is an equal rather than a subordinate in the decision-making process. How has this shift changed things from an authentication perspective?

Over the past fifteen years, the balance of power between large financial institutions and their retail customers has changed. The consumer now has a seat at the bargaining table, and is an equal rather than a subordinate in the decision-making process. How has this shift changed things from an authentication perspective?

Snippet: One of the biggest challenges in the realm of digital security is to find ways to make the experience of authentication as painless as possible, without compromising on security or technological sophistication. Digital banking users want to feel safe, but they do not want to submit a hair sample or submit to a polygraph test every time they make a purchase.

One of the biggest challenges in the realm of digital security is to find ways to make the experience of authentication as painless as possible, without compromising on security or technological sophistication. Digital banking users want to feel safe, but they do not want to submit a hair sample or submit to a polygraph test every time they make a purchase.

Snippet: A recent malicious attack on customers of O2-Telefonica in Germany saw several bank accounts drained. This may just be the clarion call for telcos to address a flaw in Signaling System 7 (SS7) that has been raising red flags for years.

A recent malicious attack on customers of O2-Telefonica in Germany saw several bank accounts drained. This may just be the clarion call for telcos to address a flaw in Signaling System 7 (SS7) that has been raising red flags for years.

Snippet: Change is difficult. Why change the status quo if it works and everyone seems comfortable with it? This applies to all aspects of life, and banking security is no exception.

Change is difficult. Why change the status quo if it works and everyone seems comfortable with it? This applies to all aspects of life, and banking security is no exception.

Snippet: Private banks are facing growing internal and external pressure. With so-called challenger banks pushing from the outside and legacy core systems threatening to burst their seams, these institutions are being forced to reassess their offerings and strategies.

Private banks are facing growing internal and external pressure. With so-called challenger banks pushing from the outside and legacy core systems threatening to burst their seams, these institutions are being forced to reassess their offerings and strategies.

Snippet: As our world becomes more digitalized, the information we want to keep private is increasingly at risk – and yet no-one wants that information protected by cumbersome security measures which do not fit in with our pace of living.

As our world becomes more digitalized, the information we want to keep private is increasingly at risk – and yet no-one wants that information protected by cumbersome security measures which do not fit in with our pace of living.

Snippet: The clock is ticking for European Union member states to implement the European Banking Association’s Revised Payment Services Directive (PSD2) into their national laws, with the cut-off date of 13 January 2018 only nine months away.

The clock is ticking for European Union member states to implement the European Banking Association’s Revised Payment Services Directive (PSD2) into their national laws, with the cut-off date of 13 January 2018 only nine months away.

Snippet: The move to chip cards in the United States has been touted as the trigger for the movement of fraud from card-present to card-not-present channels. The country’s dominant approach to combating this type of fraud is risk-based authentication. Is this because it has proven to be successful in preventing fraud, or is risk-based authentication’s attractiveness based on other considerations?

The move to chip cards in the United States has been touted as the trigger for the movement of fraud from card-present to card-not-present channels. The country’s dominant approach to combating this type of fraud is risk-based authentication. Is this because it has proven to be successful in preventing fraud, or is risk-based authentication’s attractiveness based on other considerations?

Snippet: Digital security is becoming a part of everyday life and is no longer something only banks need to care about. As such, smaller-fry authentication companies are being picked up by big service-provider fish at a rate worth mentioning – and not for a song, either, as recent figures show. Why is this happening, and what does it spell for the future?

Digital security is becoming a part of everyday life and is no longer something only banks need to care about. As such, smaller-fry authentication companies are being picked up by big service-provider fish at a rate worth mentioning – and not for a song, either, as recent figures show. Why is this happening, and what does it spell for the future?

Entersekt Logo

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.