Nine Benefits of FIDO Authentication | HYPR – Security Boulevard

Identity and access management (IAM) is undergoing a significant paradigm shift in response to constantly evolving threat actors and regulatory demands around user and data safety. The world is transitioning away from traditional IAM methodologies that rely on shared secrets and centralized passwords. Even the more recent upgrade, multi-factor authentication in the form of SMS and one-time passwords (OTPs), is being phased out.

In its place, authentication systems are being hardened with passwordless security built on biometrics, decentralized authentication and public key infrastructure (PKI). A true sea change, however, requires a foundation of free, open, rigorous standards. Open standards are easier to understand and audit, offer flexibility and interoperability, and avoid the lock-in of proprietary models.

Fast Identity Online (FIDO) authentication standards have been named the gold standard for secure passwordless authentication for good reason. Here we look at what FIDO authentication is and its benefits for your organization.

FIDO is a set of open authentication standards developed by the FIDO Alliance. The Alliance comprises leading technology firms such as Apple, Google, Microsoft and HYPR, financial organizations such as Bank of America, Mastercard and Visa, and regulatory bodies such as NIST. Its stated mission is to build authentication standards that help reduce the worlds reliance on passwords.

FIDO authentication protocols use public key cryptography to strengthen authentication and attestation. Public key cryptography is more secure than passwords, SMS or OTPs and makes authentication easier for customers and service providers. Heres how it works with FIDO:

By leveraging different authentication factors simultaneously, such as possession (device) and inherence (biometrics), one of the core benefits of FIDO authentications login process is that it satisfies multi-factor authentication requirements without using passwords and without inconveniencing the user.

There are numerous other benefits of FIDO authentications application in authentication processes, so lets look at the most important ones.

As a board-level member of the FIDO Alliance, HYPR is committed to improving authentication security across the world. Our Passwordless MFA solution delivers a seamless MFA login flow from desktop to cloud and integrates with all major SSO providers. It is also the only solution that is FIDO Certified on all components, and its multi-device flexibility eases the user experience by allowing secure login on their terms.

Download our passwordless evaluation guide to learn more about what to look for in a passwordless solution, or schedule a demo to see how HYPR works for yourself.

*** This is a Security Bloggers Network syndicated blog from HYPR Blog authored by HYPR Team. Read the original post at: https://blog.hypr.com/benefits-of-fido-authentication

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Nine Benefits of FIDO Authentication | HYPR - Security Boulevard