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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. 

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Snippet: In July 2017, we published this post about why continuing to have mobile carriers in the digital security chain meant the attack that left several customers of O2-Telefonica in Germany with empty bank accounts was likely to occur again. It seems that we were right, with Metro Bank recently being the target of a SS7 attack.

In July 2017, we published this post about why continuing to have mobile carriers in the digital security chain meant the attack that left several customers of O2-Telefonica in Germany with empty bank accounts was likely to occur again. It seems that we were right, with Metro Bank recently being the target of a SS7 attack.

Snippet: SMS OTP's technology’s extreme vulnerability is increasingly hard to ignore, and questions over its usability have become more pressing as PSD2 nears. Research indicates that consumers' resistance to its poor user experience is stronger than ever.

SMS OTP's technology’s extreme vulnerability is increasingly hard to ignore, and questions over its usability have become more pressing as PSD2 nears. Research indicates that consumers' resistance to its poor user experience is stronger than ever.

Snippet: There’s no denying that the evolution of computing power and technology, and the increasing digitization of almost everything, have made our lives much easier. On the flip side, however, these advances have increased the risk of private data interception and fraud.

There’s no denying that the evolution of computing power and technology, and the increasing digitization of almost everything, have made our lives much easier. On the flip side, however, these advances have increased the risk of private data interception and fraud.

Snippet: Ever forgotten your PIN number? What about forgetting which password goes with which account? Generally, the problem isn’t the password itself, but the number of username and password combinations we need to remember. It has been estimated that we have, on average, over 200 accounts for which we need to remember passwords, so it’s not surprising that 37% of people forget a password at least once a week!

Ever forgotten your PIN number? What about forgetting which password goes with which account? Generally, the problem isn’t the password itself, but the number of username and password combinations we need to remember. It has been estimated that we have, on average, over 200 accounts for which we need to remember passwords, so it’s not surprising that 37% of people forget a password at least once a week!

Snippet: Gerhard Oosthuizen, Entersekt’s CTO, uses his crystal ball, together with years of industry knowledge, to bring you a glimpse into the future of banking and payments.

Gerhard Oosthuizen, Entersekt’s CTO, uses his crystal ball, together with years of industry knowledge, to bring you a glimpse into the future of banking and payments.

Snippet: The IoT is changing the relationship between industries, forging new connections between manufacturers, service providers, suppliers, and consumers. This is reshaping the payments industry, transforming the way that the world transacts.

The IoT is changing the relationship between industries, forging new connections between manufacturers, service providers, suppliers, and consumers. This is reshaping the payments industry, transforming the way that the world transacts.

Snippet: Remotely enrolling users is a growing concern for digital service providers, especially in the security-minded industries. How do you make it easier — a lot easier — for your customers to sign up to new products and services at home, especially with so much else — and so many other providers — competing for their attention these days?

Remotely enrolling users is a growing concern for digital service providers, especially in the security-minded industries. How do you make it easier — a lot easier — for your customers to sign up to new products and services at home, especially with so much else — and so many other providers — competing for their attention these days?

Snippet: If you are at all familiar with the payments and security scene, you might have noticed an increase in the number of established companies and start-ups that are focusing on behavioral biometrics. We take a look at the technology and its long journey since 1860s keystroke dynamics.

If you are at all familiar with the payments and security scene, you might have noticed an increase in the number of established companies and start-ups that are focusing on behavioral biometrics. We take a look at the technology and its long journey since 1860s keystroke dynamics.

Snippet: The world in which your entire commercial existence is bound to your mobile device is fast approaching, and at its center stands the bank, which safeguards your most valuable assets – funds, payment media, and a trove of data. That’s Entersekt’s vision.

The world in which your entire commercial existence is bound to your mobile device is fast approaching, and at its center stands the bank, which safeguards your most valuable assets – funds, payment media, and a trove of data. That’s Entersekt’s vision.

Snippet: When a customer uses a credit or debit card at the point of sale, Entersekt chief commercial officer Dewald Nolte told PYMNTS in a recent conversation, there is certainty: certainty of experience, certainty that it will be accepted and certainty that it will work.

When a customer uses a credit or debit card at the point of sale, Entersekt chief commercial officer Dewald Nolte told PYMNTS in a recent conversation, there is certainty: certainty of experience, certainty that it will be accepted and certainty that it will work.

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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.