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Nowadays, fraud has become an international problem because of the sophistication of fraudsters. Passwords are no longer enough to secure customers' accounts. Data breaches not only affect user privacy but also damage the reputation of companies who failed to protect customer information.
To resolve this problem, many countries are starting to put in place regulations that will require more than just passwords in their cybersecurity regulation framework to protect sensitive information (e.g. users’ banking data).
Digital Authentication & Identity Service ensures greater efficiency, security, and trust in a wide variety of settings. From login processes, accessing operation systems of small-medium businesses to authentication steps for banking payment transactions thresholds, our services can protect them against cyber threats.
Singalarity provides a Digital Authentication & Identity Service with different tiers of service to increase the security of your authentication process.
The classic paradigm for authentication systems identifies three factors as the cornerstones of authentication:
your cognitive information (e.g. passwords, usernames, PINs or answers to secret questions)
items that you possess (e.g. ID badges, cryptographic keys, security tokens, etc.)
your physiological and behavioral attributes (e.g. a biometric recognition system: fingerprint, iris, face map, etc.)
Depending on characteristics of your business or kind of service you are providing, there are 2 digital authentication & identity methods that you can choose:
One-factor authentication (1FA): security process to give users accession a system through only one category of credentials. The typical approach of 1FA is password-based authentication, and it now is more secure when a single factor identifier can be one-time password (OTP - SMS OTP, Software OTP, Hardware OTP) or biometrics. 1FA is an economical solution for a relatively low risk system and most verification today still uses this type of authentication method.
Two-factor authentication (2FA): With more factors employed, the authentication system becomes more robust. By adding one more layer in the authentication process, it will meet the high security requirements. In high risk fields such as finance, government or military, 2FA is usually required by the government.
According to cybersecurity regulations for the banking sector across many countries, it is recommended or even required for many authentication processes to use 2FA for better protection of user accounts.
We develop and deploy most types of authentication factors to meet the needs of each business’ circumstances and requirements. This allows businesses to make an informed decision to select one of the authentication for 1FA or integrate it with knowledge factor (ID and password) for 2FA to enhance security, if required.
The Digital Authentication & Identity Service with Turnsteel Authentication Server developed and deployed by Singalarity experts provide you with the assurance of advanced protection, keeping your business safe so you can be focused on growing your business.
All of our authentication factors and the Turnsteel server meet international standards of security.
For instance, Digital OTP supports OATH/OCRA authentication mechanism, encrypts all sensitive information by strong algorithm and long key as (TLS 1.2 at least; AES256 at least; RSA with key length 2048 at least; SHA256 at least).Read more in electronic document.