The Future of Authentication for Online Financial Services

The Future of Authentication for Online Financial Services As more financial and commercial activity move online, banks are seeking to bolster consumer security and confidence. Gartner, in a 2008 report, reveals that most consumers consider security features extremely important factors that influence their decisions to bank online and do more online business with their bank. In this white paper we take a look at how strong authentication can benefit online banking and financial services. We will evaluate the risks that identity fraud, phishing and cybercrime pose for online financial services providers, and discuss how strong user authentication can alleviate these risks by increasing consumer confidence and protecting digital identities and resources.

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