Marcin Szary, the co-founder and CTO of Secfense, has recently participated in the American Bankers Association (ABA) podcast. We prepared a brief summary of what was discussed during this podcast. You can find the entire recording here.
The key idea of the video is that passwords are outdated and problematic, and FIDO authentication, along with the Secfense User Access Security Broker, offers a solution for a passwordless future in authentication, particularly for banks.
- Passwords are the root cause of cybersecurity issues, with over 80% of security problems stemming from them.
- 💡Passwords are outdated and problematic, and there is finally a solution to replace them.
- 🔑FIDO2, a collaboration between Google, Apple, Microsoft, Fido Alliance, and World Wide Web Consortium, is paving the way for a passwordless future in authentication.
- 💡Banks can shift to passwordless authentication to enhance security and user experience, taking inspiration from Google’s recent introduction of opt-in passwordless authentication.
- 💡Banks can easily enable passwordless authentication for consumers, but implementing it for their workforce is more challenging due to the highly heterogeneous environment. Secfense offers a solution to streamline the adoption of passwordless and multi-factor authentication for companies in regulated markets.
- 🔒The Secfense User Access Security Broker deployment for a bank is simple, takes a couple of days, and does not involve any software integration with the internal systems and applications.
- 💡A virtual layer can be created across an organization to enable strong authentication and multi-factor authentication, saving money and time while maintaining system integrity.
- 🔑Get more information about FIDO and the technology that enables it at fidoalliance.org or secfense.com.
