4 Ways to Safeguard Your Credit Union Members From Fraud
Credit unions, with their member-focused approach and community-oriented services, have become increasingly popular. However, they face unique challenges when it comes...
BIOMETRIC OTP
Knowing the pitfalls of OTPs, how can you enhance your digital security?
In the realm of digital security, one-time passwords (OTP) have gained immense popularity as a method to enhance authentication processes and account takeover fraud prevention. They are simple, ubiquitous and already built into most application flows. These dynamic codes, typically sent to a user’s device, are designed to provide an additional layer of security, but with SIM swaps, social engineering and other phishing techniques that today’s fraudsters employ, standard OTPs can no longer be relied on to ensure account takeover fraud prevention. With the addition of privacy-enabled selfie biometrics, Anonybit powers biometric OTPs to new heights without disrupting the user experience, ensuring your digital transactions and sensitive data remain safeguarded like never before.
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Why Anonybit for Biometric OTP
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Seamless UX
Biometrics provide an intuitive and tamper resistant authentication process removing the risk of phishing and other social engineering for account takeover fraud prevention.
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Device-independent
Biometric OTPs can be implemented on shared devices, kiosks and call center authentication, unlike standard FIDO implementations
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Privacy-by-design
Decentralized biometrics backend ensures compliance with GDPR, CPRA, PIPEDA and other privacy laws
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Easy integration
Using simple APIs and SAML interfaces and no code integration options, Anonybit enhances your security posture without the headache of a complex overhaul to secure account takeover fraud prevention.
How it works
Bid farewell to cumbersome and ineffective authentication processes.
Send user an OTP with a magic link that opens a browser window for selfie capture.
User submits selfie for matching against the decentralized biometrics cloud.
Upon verification, user is redirected back to the digital application.
Discover more ways to use Anonybit
Workforce Authentication
Enable seamless access and protect corporate assets against theft and ransomware with privacy-preserving biometrics
Step Up Authentication
Ensure strong authentication when there is risky activity or other increased risk factors in a transaction
Transaction Verification
Create a biometric audit trail signature for each transaction to prevent disputes later
ANONYBIT GENIE MODULES
Use biometric OTPs to close the gaps that attackers exploit.
The Anonybit Genie is the first integrated identity management system built with privacy-by-design from the ground up. Connecting the user lifecycle from digital onboarding to authentication and beyond with persistent biometrics, Anonybit eliminates passwords, knowledge questions and other weak identifiers and ensures a seamless user experience at all service points – online, in person, in the chat, and on the phone – while maintaining the highest levels of user privacy.
Want to see how it works?
Digital Onboarding
Device Binding
Authentication
Account Recovery
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"Ping Identity is committed to expanding our technology partner ecosystem to enhance digital customer experiences across the entire user journey. Our partnership with Anonybit makes integration seamless for customers to quickly benefit from the robust PingOne Cloud Platform."
RESOURCES
Stay current on the latest in identity, biometrics, fraud prevention and privacy compliance.
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BlogA World With No Data Breaches: Is It Even Possible?
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BlogGetting Past The Pitfalls of One-Time Passwords (OTPs)
Getting Past The Pitfalls of One-Time Passwords (OTPs) In the realm of digital security, one-time passwords (OTP) have gained immense popularity...
Are you ready to eliminate the risk of data breaches and account takeover fraud?
Get rid of central honeypots of data. Embrace biometrics across the user lifecycle.