With so many businesses these days using FIDO authentication, you may be wondering if it is something that you should give a try. Fast Identity Online (FIDO) authentication standards have been named the “gold standard” for secure passwordless authentication, and there are many good reasons for this. The following are some of the benefits of using this technology.
Among the many benefits of multi factor authentication is passwordless authentication. Passwords are a great risk to digital security. Stolen credentials account for 80 percent of web attacks and 50 percent of data breaches. They also happen to be the launching pad for other attacks, like ransomware and invoice redirect fraud.
When passwords are removed from authentication, it significantly hardens defenses and reduces vulnerability to phishing and social engineering attacks on users.
Another benefit of FIDO authentication is no shared secrets anywhere. The problem with shared secrets is that once more than one party knows them, anyone can know them. This applies to passwords and other common multi factor authentication deployments, like OTPs, SMS and secret questions.
Among the benefits of FIDO authentication and public key cryptography is that the vital secret (user’s private key) is always stays on their device. Due to this, there is no server-side shared secrets to steal to elevate a successful breach. Deployment of FIDO protocols can even help eliminate shared secrets from desktop authentication.
FIDO authentication also helps in securing user privacy. Among the benefits of FIDO authentication’s public key cryptography is the fact that the public and private key pairs that are used for authentication do not provide any personal information. They also do not create any links between different servers or accounts the user may have. Moreover, any biometric data that is used for unlocking the private key never leaves the user’s device and cannot be stolen from servers or through man-in-the-middle attacks.
For more information on the benefits of FIDO authentication, visit our website at https://authid.ai/
