SC Magazine: Can the enterprise trust smartphone verification technology?

September 7, 2017 — Can the enterprise trust smartphone verification technology?

Ryan Wilk, VP at NuData, comments on a survey that showed that 60 per cent of fraud professionals said that mobile phones will be biggest single point of compromise.

73 per cent of fraud professionals think mobile devices will be the primary identity verification technology in the coming years. Yet 60 per cent also said that this will be biggest single point of compromise as well, according to research by the Callcredit Information Group. Which begs the question, should your organisation trust smartphone ID verification technology?
All of this said, we have to realise that the security industry itself has been pushing for smartphones as an authentication vehicle. Yet as Ryan Wilk, director at NuData Security, points out, “single data points used for authentication continue to be the greatest point of failure in the secure authentication chain.” Wilk insists that a trusted environment can only be achieved through a holistic risk-based authentication infrastructure that looks across multiple vectors of the user’s behavioural interaction.

For the complete article, go here.