Authentication basically is a process of verifying that an identity or entity is who or what it claims to be. This is often done by use of passwords, biometrics, which are a person’s unique physical and other traits that are detected and recorded by an electronic device as a means of confirming identity. An example would be fingerprints, or some other distinct pattern on a touch-sensitive display screen, computer or other device.
To authenticate identity, the individual produces substantiated credentials that meet the stipulations to access the application, or system, etc. he or she wishes to gain access to. Easing the sign on procedure is a way to rationalize the authentication structures, so multiple applications, services, and so on can depend on a unified place for authentication, and also synchronizes credentials. This limits the amount of credentials with every use, and enhances the user’s experience.
Multi-factor authentication takes the process of authenticating identities a step further. With constant threats of fraudulent online actions, it’s not enough to only have usernames and passwords protect your business. There needs to be a process that guarantees the authentication is fool-proof, and allows the system to evaluate and track the extent of risk factors related to transactions.
Multi-factor authentication is made to ensure the user is authentic. It not only protects against threats from phishing, Trojans, or proxy attacks, but will also execute risk profiling, and warrant real time fraud prevention and alters; then blocks any indications of fraud. It essentially applies more powerful security regulators, to protect businesses.