FIDO2 biometric authentication is one of the important technologies you should consider implementing if you want to have foolproof business systems. The FIDO2
standard and supported devices embrace protection of personal data and enable a
simplified yet efficient authentication.
FIDO2 is based on public key cryptography, while the keys are generated and stored
locally on the authentication device, without any server-side shared secrets.
The authentication response is encrypted, something that helps protect from phishing
and man-in-the-middle attacks, while the biometrics are only stored and
processed on the user’s device.
The European Union Payment Services Directive (PSD2) aims at creating an integrated
European payments market, which will in turn make payments safer and more secure
to protect consumers. Among the key requirements of PSD2 is the need for Strong
Customer Authentication (SCA) through the use of multiple authentication
factors where the breach of one of the elements doesn’t compromise the reliability
of the other elements.
In order to achieve this security requirement, the PSD2 directive requires payment
service providers to employ a “multi-purpose device” that can help protect the independence
of authentication factors through “the use of separated secure execution
environments.” Banks and payment service providers can leverage the FIDO2
accredited devices in order to meet the compliance requirements of the European
Banking Authority.
When wasthe first fingerprint scanner invented? This is something that you may need to know as you plan to implement FIDO2 biometric authentication in your
business. Modern biometric technology started gaining traction in the 1960s,
evolving into high-tech scanners that read bio-markers with an accuracy
touching 100 percent. In 2020, biology-based science was disrupting the
authentication industry, at speed. The future is now passwordless.
For more information on FIDO2 biometric authentication and how it came to be, visit our website at https://loginid.io/
