By Deepak Gupta, CTO and co-founder of LoginRadius
As businesses embark on a journey of digital transformation, cloud adoption is undoubtedly the cornerstone of new-age businesses.
Statistics reveal that the global cloud application market is expected to reach US$168.6 billion by 2025 from US$133.6 billion in 2021. Additionally, the cloud application market is also expected to grow at a rate of annual growth of 4.8%.
However, the growing demand for the cloud does not necessarily guarantee the security of sensitive business and consumer information; some risks associated with cloud computing are still the bottleneck of many companies.
What is more worrying is that many companies using cloud computing still rely on user IDs and password authentication. This can be quite risky, especially when breaching weak authentication mechanisms isn’t a hard problem to solve.
This is where the critical role of biometric authentication comes into play!
Let’s dig deeper and understand the aspects of biometric authentication that help businesses stay ahead of the competition without compromising security.
Why won’t passwords and PINs work in a modern digitally advanced world?
Statistics reveal that authentication methods such as PINs and passwords are still widely used in various cloud applications, with 63.02% of enterprises still relying on the standard login. And the reason for their existence in the 21st century is because most brands find it simple, portable, familiar, and inexpensive to deploy.
This is where organizations fall prey to several cyber security threats and compromise crucial business information that can lead to multi-million dollar losses.
Cyber attackers are always on the lookout for weak passwords that can be guessed or compromised using various tricks including phishing, social engineering, or brute force attacks.
Additionally, organizations that rely on password-based authentication mechanisms also risk compromising sensitive consumer information. If they lose consumer data, they could face hefty fines as consumer data privacy and security laws like GDPR and CCPA become more stringent.
So can’t we implement stricter password policies? Yes, we do, but today’s digital workplace and new-age consumers demand a frictionless authentication experience from the moment they interact with a brand.
Using strong authentication mechanisms, including biometric authentication, can help brands ensure the highest level of security, as these authentication methods are much harder to circumvent.
Bridging the Gap with Biometric Authentication
With biometrics, users can take advantage of secure and fast authentication and authorization without compromising the user experience.
Additionally, biometric authentication is firmly established and backed by various robust privacy and cloud data security standards that ensure that user information is collected, stored and managed securely and that no unauthorized person is there. has access.
Biometric authentication can be implemented at various checkpoints when considering organization-level security and user workflow, especially when systems are deployed in the cloud.
Whether it’s PCs or smartphones, biometric authenticators in the form of fingerprint scanners and facial recognition systems can be a big help, especially in scenarios where there are multiple authentication requirements. authentication.
Other than that, organizations can consider relying on biometric hardware tokens that provide access to sensitive resources on a network without conventional authentication processes requiring usernames and passwords.
Multi-factor authentication (MFA) and biometrics
When securing crucial business information and sensitive consumer data, multi-factor authentication plays a vital role.
MFA ensures that the user goes through multiple layers of authentication before accessing a resource or system.
Typically, MFA may require users to provide a one-time password that is texted to their phone or emailed to them. After the user enters the password, the session is authenticated.
However, this procedure can interfere with the user experience. Thus, biometric MFA could be a game-changer since it quickly scans one of the unique biometric identifiers and quickly provides access.
Moreover, biometric authentication in MFA is considered more secure compared to other conventional methods since each person has a unique biometric ID.
The bottom line
As technology advances by leaps and bounds and businesses rapidly adopt cloud capabilities, security is often overlooked, especially when it comes to authentication.
Biometric authentication provides the next level of authentication security for cloud applications and devices that logs users in and provides access to resources.
Companies considering leveraging the cloud for digital transformation should not ignore the importance of biometric authentication as part of their information security policy.
About the Author
Deepak Gupta is the CTO and co-founder of LoginRadius, a growing customer identity management provider. He is dedicated to innovating the LoginRadius platform and loves foosball and winning poker games! Connect with him on LinkedIn or Twitter.
DISCLAIMER: Biometric Update industry overviews are submitted content. The opinions expressed in this article are those of the author and do not necessarily reflect the opinions of Biometric Update.
access management | biometric authentication | biometrics | cloud computing | cybersecurity | data privacy | identity verification | Connection Radius | multi-factor authentication