Securing everyday interactions on digital banking accounts.
Use cases | Digital banking access
Mitigate the underlying risk associated with everyday digital banking interactions such as logging in and password resets.
Securing everyday interactions on digital banking accounts.
Use cases | Digital banking access
Mitigate the underlying risk associated with everyday digital banking interactions such as logging in and password resets.
Whenever your customers perform a digital banking action, they’re putting themselves at risk of account takeovers and other forms of fraud. As their financial institution, how do you ensure the person logging in is who they say they are?
With Entersekt’s advanced multi-factor authentication (MFA) supported by trusted devices, you can validate your customers’ interactions and prevent bad actors from gaining access when it matters most: right at the start.
Thanks to a wide choice of authentication methods, including passive or silent options, you can ramp up your fraud prevention efforts while retaining ease of digital banking access for your customers in these situations:
When customers log in to their online banking account – be it on their mobile app or via the web – Entersekt’s technology confirms they are who they say they are, preventing account takeovers and further financial losses. This is achieved through App ID or browser ID for secure, frictionless authentication. Or through passwordless options such as biometric authentication, passkeys, or push notifications.
By intercepting a customer’s OTP through a basic man-in-the-middle attack, fraudsters often gain unauthorized access to accounts by mimicking an account owner during a recovery attempt. Entersekt prevents this from happening by authenticating a customer via their trusted device – either with a push notification or biometric scan, both much stronger than OTPs.
Password resets are regularly used as a tactic by fraudsters trying to access their victim’s account. Entersekt uses a combination of authentication options and, in high-risk instances, relies on identification validation via face or document scan to ensure validity of account holder and prevent fraud.
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