Building trust in a digital economy
Strong authentication is used for a range of situations:
- Secure access to portals or online services
- Secure access for consulting or updating data
- Authorization/consent for digital secured transaction
- Cybersecurity and Secure use of mobile devices
- Remote strong authentication for remote sales or online contracting
- Secure access to legacy applications
With the rapid growth of online services, digital exchanges and payments via the Internet, the needs of individuals, organizations and banks have changed and continue to evolve. For individuals, security and convenience are essential when making payment transactions. For organizations and financial institutions, the need to comply with regulatory requirements and protect confidential data means increasing system access security through strong authentication systems that replace the traditional user ID/password combination.
Strength through knowledge
In order for digital exchanges and the digital economy to thrive, there must be trust between the players involved, namely individuals, organizations, and the hardware and software that interconnect them.
In the digital world, trust is rooted in knowing precisely with whom or what you are interacting; strong authentication functions facilitate this by proving that the user - whether an individual, entity or object - is in fact who or what they claim to be.
User identities are authenticated based on factors that fall under three categories:
- something you know (e.g. password)
- something you have (e.g. hardware device)
- or something you are (e.g. fingerprint)
Strong authentication requires at least two of the three types of authentication factors.
Strong but open
The type of authentication used is determined by the target application, including the sensitivity and risk associated with the digital secured transaction. This makes it difficult to use a single strong authentication factor for all types of transactions.
Morpho has expertise in the development of all technologies required to protect all types of digital transactions, including money transfers, contract signatures and payments. Authentication tools range from one-time passwords (OTP) to authentication via certificate (PKI), from USB token OTP generators to solutions combining smart cards and biometric readers.
Morpho is also a member of the FIDO (Fast IDentity Online) Alliance whose members collaborate on the development of open specifications that enable authentication methods to be interoperable.