How to Create Strong Identity Verification Within Mobile Applications

At the center of all web-based transactions is the process
of managing fraud and identity theft. Its essential to balance the inconvenience
of user authentication with the risk of being compromised. Theres a fine line
in determining when exactly theres enough correct user information to allow
the transaction to be processed. Implementing strong mobile
tactics is a difficult task many industries are facing today. Were
now in the midst of shifting our focus to protection of mobile devices, not
desktop computers, because they are and will remain the platform for the most

Mobile devices create new challenges to securing Internet
services. Although small, touch-screen keyboards make it inconvenient to enter
complex passwords most devices offer the remember password feature. This is
helpful, except for the fact that mobile devices are easily lost and stolen on
a regular basis. Two-factor authentication is a security feature intended to
protect access to online bank accounts. Cybercriminals are finding more ways to
make it less effective and easier to take advantage of. Many banks offer their
customers two-factor authentication, which involves sending an SMS message to
the users mobile device with a code thats entered into a web-based form. The
code expires in a few minutes and is intended to keep fraudsters out who have
the users login credentials.

Most organizations believe that its not safe to rely on
SMS-based two-factor authentication anymore. Financial institutions have been
slow to keep up and its hurt them in the long run. As mobile banking continues
to grow, more applications have security weaknesses. Applications should be
revised to include stronger browsers, identification and authentication and
even biometrics to ensure users are who they say they are. Without enhancing
your organizations fraud prevention
, you will always be more vulnerable to fraudsters. If you need
help planning your fraud prevention strategy, give us a

[Contributed by EVS Marketing]

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