Post by ashikhasan on Nov 21, 2024 10:59:01 GMT
As the years go by, cyber threats are becoming more prominent and attackers are only finding more advanced and technical ways to get hold of customer data.
According to ForgeRock’s Consumer Identity Breach report, hackers obtained sms services more than 2 billion usernames and passwords in 2022, increasing by 35% compared to the previous year. And if you don’t ensure the safety of your customer data, these breaches could seriously cost your business. On average, these cyber attacks amount to $9.5 million in damages, which significantly trumps the previous $8.2 million in 2021.
The prime second factor in user identification has become SMS 2FA. The first is of course “User Name/Password” routines. However, there are many authentication methods available to support customer data security. These are typically based on various factors of an end user’s identity.
Here are the main three categories:
Something you know: Sensitive information that only the individual would know, like PIN number.
Something you have: Possession of a personal device that isn’t shared with other users, for example, a phone or laptop.
Something you are: Biometrics that identify someone based on physical characteristics such as a fingerprint or face scan.
SMS 2FA is considered an ownership-based verification method as it relies on the user readily having their personal device. Verification is essentially the process of double-checking a user’s identity via SMS text message and holds many names, including:
SMS authentication.
Two factor authentication (2FA).
Two step verification.
Multi factor authentication (MFA).
SMS verification is a cornerstone critical “link” in Blockchain. The credentials of SMS verification done right validates end-users personal cell numbers. In the organization of metadata, using the unique identifier of a user’s identity allows relational databases to use personal cell numbers as a key linking field between tables.
How SMS 2FA Verification Works
SMS authentication is a very simple process that doesn’t require much activity from either the business or the customer. We’ve broken down how it works into four steps:
An end user inputs their personal information to sign into their account with your business.
According to ForgeRock’s Consumer Identity Breach report, hackers obtained sms services more than 2 billion usernames and passwords in 2022, increasing by 35% compared to the previous year. And if you don’t ensure the safety of your customer data, these breaches could seriously cost your business. On average, these cyber attacks amount to $9.5 million in damages, which significantly trumps the previous $8.2 million in 2021.
The prime second factor in user identification has become SMS 2FA. The first is of course “User Name/Password” routines. However, there are many authentication methods available to support customer data security. These are typically based on various factors of an end user’s identity.
Here are the main three categories:
Something you know: Sensitive information that only the individual would know, like PIN number.
Something you have: Possession of a personal device that isn’t shared with other users, for example, a phone or laptop.
Something you are: Biometrics that identify someone based on physical characteristics such as a fingerprint or face scan.
SMS 2FA is considered an ownership-based verification method as it relies on the user readily having their personal device. Verification is essentially the process of double-checking a user’s identity via SMS text message and holds many names, including:
SMS authentication.
Two factor authentication (2FA).
Two step verification.
Multi factor authentication (MFA).
SMS verification is a cornerstone critical “link” in Blockchain. The credentials of SMS verification done right validates end-users personal cell numbers. In the organization of metadata, using the unique identifier of a user’s identity allows relational databases to use personal cell numbers as a key linking field between tables.
How SMS 2FA Verification Works
SMS authentication is a very simple process that doesn’t require much activity from either the business or the customer. We’ve broken down how it works into four steps:
An end user inputs their personal information to sign into their account with your business.