With a majority of transactions now happening online, the need to provide customers with a frictionless online experience that’s also highly secure has become critical for today’s businesses.
Still, most companies continue to rely heavily on usernames and passwords as their only means for authenticating customers. This creates a significant problem. Not only are passwords difficult for customers to recall and manage, but they can be easily stolen by fraudsters and resold on the black market. This happens every day around the world. In a single instance in 2015, for example, a cache of 1.2 billion credentials appeared on the black market.
To protect their businesses from risk without negatively impacting their customers’ online experience, companies need to add a strong, transparent, risk-aware layer of authentication that won’t slow trusted customers down. Today, they’re doing it with iovation ClearKey.
Read the datasheet to learn more about this multifactor security service that provides an exceptional consumer experience.