Banks are making changes to improve their multifactor authentication processes.
Boston, May 10, 2017 – Cybercrime continues to plague users of online and mobile banking services. While the banks have done an excellent job overall of protecting these services with well-constructed multilayered approaches, one key area of vulnerability remains—the authentication of the individual user. What has come along to improve the efficacy of the authentication process, and what new methods are U.S. banks adopting?
This report will provide a glimpse into the current methods being employed for multifactor authentication and how those methods may be changing. Aite Group surveyed 18 financial institutions that offer treasury management online and mobile services from January through March of 2017. They provided responses regarding their current and future practices related to multifactor authentication.
This 15-page Impact Note contains six figures and one table. Clients of Aite Group’s Wholesale Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions Authentify, Entrust, Gemalto, RSA, SafeNet, and Vasco.