Why Fortress Identity Digital ID Verification and Authentication As A Service Solutions
Fortress Identity uses the inherent functions of what you HAVE (smartphone) with who you ARE (face, fingerprint, voice) and how you BEHAVE (type, touch, rhythm) to ensure it’s really you logging in or making the transaction.
The dangers of passwords
From consumers to enterprises, weakness in traditional text-based passwords has caused massive data breaches, identity theft, and fraud. Complex passwords, two-tier authentication, pins and tokens, also have been hacked at every level.
81% of hacking-related breaches leveraged either stolen and/or weak passwords. 75% perpetrated by outsiders. 25% involved internal actors. Based on 2017 Verizon Data Breach Incident Report 1.
The cost associated with passwords
As data breaches are occurring at all levels, IT support costs are rising to protect vulnerabilities in customer applications and sensitive data, employee email accounts, networks and websites.
For every dollar of fraud a financial institution experiences, it costs another $2.92 in associated costs, up 9% from $2.67 in 2017LexisNexis Risk Solutions 2018 True Cost of Fraud study 2.
The average cost for each lost or stolen record containing sensitive and confidential information increased by 4.8 percent year-over-year to $148.Cost of a Data Breach study, conducted by Ponemon Institute 3.
“According to the Gartner Group, between 20% and 50% of all help desk calls are for password resets. Forrester Research states that the average help desk labor cost for a single password reset is about $70.” 4
Deploying the Fortress Identity Biometric identification platform and adopting best practices enables organizations to reduce fraud and associated help desk costs from password resets.
Fortress Identity is:
By unobtrusively analyzing user actions, Fortress Identity makes it fast and easy for customers and employees to access systems or verify transactions.
Fortress Identity Mobile SDK works with most iOS and Android smartphones or tablets.
Fortress Identity Citrix and Microsoft Active Directory solutions add AI-powered biometric identity management to corporate intranets and extranets.