risk based authentication best practices

1. Risk-based, Omni-Channel, Trusted Authentication and Orchestration The data theft is a reality and instances are rising! The continuous approach to authentication provides dynamic and frictionless security which runs beyond the login password and protects the user for the entire session duration. Data Breach in BFSI Impact of the Data Breach 4.4 Bn+ 2 Tn $ 6.5 Bn+ Records stolen in 17 of the largest breaches since 2006 Recent records stolen in Jan’17 to Mar’18 Estimation of account takeovers in annual losses across financial services, insurance, eCommerce, healthcare, gaming and gambling, utilities What Organizations Need 90% 70% customers expect consistent interactions across channels CIOs believe choosing a right IAM solution is key to make organization cyber resilient Characteristics of Modern IAM Solution Clicks not code Analytic Dashboards Machine Learning Easy to build policy flows based on simple UI without worrying about typical coding. (de)select set of authenticators based on real-time information about sanity of authentication source. Handle thousands of permutations/scenarios without having to build tedious policy flows for all your applications. 89 % Retention rate for companies with strong omni-channel engagement How to solve the continuous authentication challenges Orchestrate risk engines at run time Easy integration with existing and upcoming risk engines ; Integration of new authenticators to achieve future proofing at a least cost. Frictionless user experience/convenience Provide hassle-free omni- channel transactions without compromising on security thereby achieving much higher customer retention rates. Expedite app development Lead the competition through fast app upgrades and reduce time to market by offloading authentication and provisioning tasks to authentication module. Context aware authentication Utilise the consumer data to develop context aware authentication for seamless user experience and extract more out of your technology investment through machine learning & AI. Open box algorithm Tackle the ever evolving scenarios by dynamically programming policy flows rather than limiting oneself n the traditional hard coding of policies within applications. Introducing Accelerite Neuro Accelerite Neuro a continuous risk-based authentication solution that addresses security challenges while providing frictionless end user convenience. Our leading platform orchestrates authenticators, risk engines, biometrics, regulatory compliance, and fraudulent activities across all your applications & channels. You can go live in less than a month and deploy Neuro on-premise, in the cloud, or in a hybrid configuration. To find out more about Accelerite Neuro and how it can solve identity and access management problems, please visit at: accelerite.com/neuro