In this video, Brandon Krieger of Daily Cyber and CEO of LoginID, Simon Law, talk about the effectiveness of a PIN when it comes to strong customer authentication. They also discuss the growing need for passwordless authentication in the crypto exchange and digital wallet space (full transcript below).

Enterprises are facing heightened scrutiny from governments and regulatory bodies with regards to security and protection of customer information. Therefore it is important for Enterprises to meet or exceed best practices related to protecting customer interactions. The following document will go over LoginID’s FIDO certified strong customer authentication products versus proprietary biometric solutions.

Despite all the recent technological improvements and connectivity advancements that aid us in our daily lives, one fact still threatens the stability and security of the whole enterprise: half of us still reuse our passwords. It may feel like a minor issue that is relatively simple to fix, however it is far more threatening and possibly more harmful than it may seem.

In this video, Brandon Krieger of Daily Cyber and CEO of LoginID, Simon Law, discuss how passwordless authentication works with older software and devices that are not biometrically enabled. They also discuss how passwordless authentication can benefit businesses as well as consumers (full transcript below).

The upside is we may ultimately be seeing the final days of credit card fraud. The downside, however, is that online grifters and cyber thieves have upgraded from pilfering plastic to something even more significant: identity theft. The change comes during a period in which stronger authentication methods and standards, spurred by new privacy laws, are reducing the reliance on cookies (the browser kind) and passwords, and in the end will lower cart abandonment in the offing.

Maybe it’s a local band with a couple random numbers. Or a first-grade teacher’s name with an exclamation point. Regardless of the methodology, the average internet user has around seventy and eighty password combinations to recall. If you had to recite all those passwords, it might add up to a similar range of words as a four-stanza poem. Effectively, passwords are an analog identity solution in a digital world. There have been many efforts to eliminate passwords, mostly utilizing biometrics.