Despite understanding the need for multifactor authentication, many financial institutions struggle with the complexity of implementing effective solutions.
"Let's talk about what this complexity looks like...The average MFA initiatives have been ongoing for six years. On average, four point solutions are deployed because no one solution secures all IT assets. Organizations incrementally adopt new, partial solutions as they become aware of new threats and as new systems are brought online." Chris Trytten, Director of Product Marketing at Crossmatch, says.
Historically, multifactor authentication systems required everything to be custom-built, Trytten, explains. Managing the growing number of systems and the ever-increasing number of employees, partners and customers - all from multiple access points - is difficult at best.
In an interview discussing the latest multifactor authentication trends, Trytten offers insights and strategies on:
- The primary barriers preventing financial institutions from adopting multifactor authentication;
- The ways in which multifactor authentication helps deter cyberattacks; and
- How Crossmatch simplifies identity and access management for financial institutions.
Trytten is Director of Product Marketing at Crossmatch. With over two decades of technical and managerial experience in systems and security in the financial and retail spaces, Trytten guides Crossmatch's product and and marketing teams to address the security needs of these industries. Prior to joining Crossmatch, Trytten worked at leading companies in Silicon Valley, including DigitalPersona, Interlink Networks, Siemens and Apple. He is also a recognized musician, having won the prestigious Villa Lobos International Guitar Competition in 1981.