The company has also introduced Verify 2-Way SMS for business-grade delivery and receipt of security SMS messages.
Instead of requiring users to carry smart cards or key fobs, AuthID verifies user identity directly through the app on a users mobile phone. As a complement to SMS and voice authentication, AuthID adds an additional option so that users can choose their preferred method.
AuthID offers three new features to ensure secure logins and transactions:• Simple Push Notification provides alerts that appear on the users phone screen and prompts them to interact with an option as simple as selecting Accept or Deny. If an end user selects Deny, they are also given the option to report the request as fraud;• With the Code Challenge, a numeric code appears on the website and prompts the user to wait for a notification on their phone. The user will then enter the code into the mobile app to validate the authentication;• The new Soft Token tool uses a cryptographic key to provide a unique number that changes every 30-seconds. If the number entered by the user matches with the number on TeleSigns authentication server, access is granted.
Verify 2-Way SMS uses an out-of-band method to communicate and confirm receipt of security-related messages between companies and their users. With this approach, Verify 2-Way SMS can be used for transaction verification (e.g. notification of a wire transfer), confirmation of key account changes or two-factor authentication. This method can thwart man-in-the-middle (MITM) and man-in-the-browser attacks (MITB) and prevent the use of stolen account credentials.
TeleSign has executed more than 1 billion authentication and verification transactions in more than 200 countries and over 50 languages. In recent news, TeleSign has been selected by Sphonic.com, a UK-based technology vendor, to be deployed on its risk management platform.
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