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Uploaded on Jul 2, 2022
There are many places where identity verification for remote onboarding is being used. Examples include financial institution onboarding, conducting financial transactions, remote working, e-learning and online exams, onboarding of new clients in the financial, real estate and telehealth industries, conducting medical appointments, opting out of subscriptions and administrative tasks such as depositing cash at the bank or picking up parcels from the post office. It is also used for onboarding new employees, screening candidates for new roles and training new employees, particularly in the gig economy. For more information on the benefits of remote identity verification, visit our website at https://authid.ai/
The Benefits of Using FIDO2 Authentication
The Benefits of Using
FIDO2 Authentication
The Benefits of Using FIDO2
Authentication
Using FIDO2 authentication to improve the security of your business systems is a good idea.
FIDO2 is the newest set of specifications from the FIDO Alliance which enables the use of
common devices to authenticate to online services on both mobile and desktop environments,
using unique cryptographic login credentials for every site. FIDO2 is essentially passwordless
authentication.
FIDO2 is an overarching term for the FIDO Alliance specifications. These are the World
Wide Web Consortium’s (W3C) Web Authentication (WebAuthn) specification and FIDO
Alliance’s Client-to-Authenticator Protocol (CTAP).
The Benefits of Using FIDO2
Authentication
FIDO2 provides a passwordless way to authenticate users, and it addresses security,
convenience, privacy, as well as the scalability issues that passwords do not. With this
technology, it is possible for online services to be accessed through a standard web API, which
can be built into web platform infrastructure.
There are various advantages of using FIDO login, primarily around security, convenience,
privacy, and scalability. FIDO2 doesn’t store credentials on a server and uses unique
cryptographic login credentials, something that helps reduce the likelihood of phishing,
password theft, and replay attacks.
Cybercrime has dramatically risen; 791,790 complaints were filed in 2020 alone, which was
an increase of over 300,000 from the previous year. Reported losses were over $4.2 billion.
FIDO2 authentication could help stem the tide of these attacks.
The Benefits of Using FIDO2
Authentication
Moreover, it is convenient for users since they can leverage fingerprint readers or cameras on
their mobile devices or simple FIDO2 security keys to log in. Since the keys are unique for
every website, users cannot be tracked across sites. As a matter of fact, it is fairly
straightforward to use a FIDO2 security key on a mobile device. Apple and other major device
manufacturers have invested heavily in FIDO2, so implementing multi-factor authentication
with a mobile device is something that can be done without changing the device itself.
For more information on the benefits of using FIDO2 authentication, visit our website at
https://authid.ai/
The Benefits of Using
FIDO2 Authentication
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