when customers win: omnichannel authentication in the age of the empowered consumer
TRANSCRIPT
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When Customers Win:
OmniChannel Authentication MICHAEL THELANDER, DIRECTOR OF PRODUCT MARKETING
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Authentication “The corroboration of a claimed identity to an agreed-upon level of assurance.”
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W H E N C U S T O M E R S W I N : O M N I C H A N N E L AU T H E N T I C AT I O N
WHAT IS OMNICHANNEL AUTHENTICATION?
THE IMPORTANCE OF RISK AND CONTEXT
WHAT IS REQUIRED?
BENEFITS TO YOU AND YOUR CUSTOMERS
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WHAT IS OMNICHANNEL AUTHENTICATION?
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WHAT IS OMNICHANNEL AUTHENTICATION? T H E S A M E E X P E R I E N C E A C R O S S A L L C O N S U M E R T O U C H P O I N T S
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WHAT IS OMNICHANNEL AUTHENTICATION? T H E S A M E E X P E R I E N C E A C R O S S A L L C O N S U M E R T O U C H P O I N T S
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THE IMPORTANCE OF RISK AND CONTEXT
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THE IMPORTANCE OF RISK AND CONTEXTF O U R T H I N G S T O I M P R O V E B O T H S E C U R I T Y A N D E X P E R I E N C E
Understand the risks better 1
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THE IMPORTANCE OF RISK AND CONTEXTF O U R T H I N G S T O I M P R O V E B O T H S E C U R I T Y A N D E X P E R I E N C E
Understand the risks better 1
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THE IMPORTANCE OF RISK AND CONTEXTF O U R T H I N G S T O I M P R O V E B O T H S E C U R I T Y A N D E X P E R I E N C E
Understand the risks better
Understand the context better
1
2
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THE IMPORTANCE OF RISK AND CONTEXTF O U R T H I N G S T O I M P R O V E B O T H S E C U R I T Y A N D E X P E R I E N C E
Understand the risks better
Understand the context better
1
2
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THE IMPORTANCE OF RISK AND CONTEXTF O U R T H I N G S T O I M P R O V E B O T H S E C U R I T Y A N D E X P E R I E N C E
Understand the risks better
Understand the context better
Adapt as risk and context change
1
2
3
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THE IMPORTANCE OF RISK AND CONTEXTF O U R T H I N G S T O I M P R O V E B O T H S E C U R I T Y A N D E X P E R I E N C E
Understand the risks better
Understand the context better
Adapt as risk and context change
1
2
3
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THE IMPORTANCE OF RISK AND CONTEXTF O U R T H I N G S T O I M P R O V E B O T H S E C U R I T Y A N D E X P E R I E N C E
Understand the risks better
Understand the context better
Adapt as risk and context change
Have tools that help you respond to those changes
1
2
3
4
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THE IMPORTANCE OF RISK AND CONTEXTF O U R T H I N G S T O I M P R O V E B O T H S E C U R I T Y A N D E X P E R I E N C E
Understand the risks better
Understand the context better
Adapt as risk and context change
Have tools that help you respond to those changes
1
2
3
4
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THE IMPORTANCE OF RISK AND CONTEXTF O U R T H I N G S T O I M P R O V E B O T H S E C U R I T Y A N D E X P E R I E N C E
Understand the risks better
Understand the context better
Be able to adapt as risk and context change
Use tools that help you respond to those changes
1
2
3
4
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WHAT IS REQUIRED?
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WHAT DOES OMNICHANNEL REQUIRE? M U LT I P L E S O L U T I O N S C E N T E R E D O N T H E C U S T O M E R ’ S D E V I C E
Transparent, device-based authentication that provides context
Risk-aware multifactor authentication that provides variable assurance
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2
3
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WHAT DO WE MEAN BY “DEVICE-BASED”? M A C H I N E L E A R N I N G T H AT A U T H E N T I C AT E S A K N O W N D E V I C E
Transparent device-based authentication eliminates friction for most usersTurns your customer’s mobile device into a reliable possession factorMachine learning continuously assesses devicesHighlights the risk and context of any deviceAdaptive, contextual response drives step-up authentication and subsequent actions MINIMUM
THRESHOLDMAXIMUM
THRESHOLD
Original Device Print
Returning Device Print
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WHAT DO WE MEAN BY “MULTIFACTOR”? M O B I L E - B A S E D A U T H E N T I C AT I O N T H AT D E L I V E R S A VA R I E T Y O F FA C T O R S
Something you KNOW
Something you HAVE
Something you ARE
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Like what you’re hearing? Go to www.iovation/resources/videos to learn more…
…Or click NEXT to continue with this slide shre.
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AUTHENTICATION AND USER EXPERIENCE
Lower Risk
Higher Risk
Transparent DEVICE-BASED AUTHENTICATION SERVICE
Low risk, low friction, high usability
InteractiveMOBILE MULTIFACTOR AUTHENTICATION
Increased rigor, heightened risk, but still an excellent experience
Real-timeEXPLICIT AUTHORIZATION
Highest risk, needs dynamic, real-time authorization with multi-party options
80%
15%
5%
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Low risk, low friction, high usability
TransparentDEVICE-BASED AUTHENTICATION SERVICE
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EVASION
IP ADDRESS
JAILBROKENGEOLOCATION
SECURITY RISK
ASSOCIATIONS
INITIAL REGISTRATION AUTHENTICATED
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Low risk, low friction, high usability
Increased rigor, heightened risk, but still an excellent experience
TransparentDEVICE-BASED AUTHENTICATION SERVICE
InteractiveMOBILE MULTIFACTOR AUTHENTICATION
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Highest risk, needs dynamic, real-time authorization with multi-party options
Low risk, low friction, high usability
Increased rigor, heightened risk, but still an excellent experience
TransparentDEVICE-BASED AUTHENTICATION SERVICE
InteractiveMOBILE MULTIFACTOR AUTHENTICATION
Real-timeEXPLICIT AUTHORIZATION
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I agree YOU ARE
who you say you are….
But are you AUTHORIZEDto do what you’re
asking to do?
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Real-timeAuthorization
For MultipleAuthorizers
OR
A U T H O R I Z E I N D I V I D U A L O R G R O U P T RA N S AC T I O N S
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TransparentDEVICE-BASED AUTHENTICATION SERVICE
Low risk, low friction, high usability
InteractiveMOBILE MULTIFACTOR AUTHENTICATION
Increased rigor, heightened risk, but still an excellent experience
Real-timeEXPLICIT AUTHORIZATION
Highest risk, needs dynamic, real-time authorization with multi-party options
Lower Risk
Higher RiskThe Right Authentication for Every Channel and Every Level of Risk
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BENEFITS TO YOU AND YOUR CUSTOMERS
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1,095 US Consumers Mixed demographics Priorities between ease-
of-use and security Authentication impacts Willingness to pay for
stronger authentication What is their
confidence?
AITE REPORTN E W R E S E A R C H I N T O C O N S U M E R P E R S P E C T I V E S
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Ease of use is only marginally more important than security and fraud prevention
Equally true for all demographics
With regard to interactive authentication and authorization, Millennials and Seniors are alike in many respects
AITE REPORTN E W R E S E A R C H I N T O C O N S U M E R P E R S P E C T I V E S
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There’s a high willingness to use alternate authentication methods …
And very few who are not at all willing
AITE REPORTN E W R E S E A R C H I N T O C O N S U M E R P E R S P E C T I V E S
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Willingness to change increases as expected with an incentive in place
AITE REPORTN E W R E S E A R C H I N T O C O N S U M E R P E R S P E C T I V E S
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Usability is a competitive differentiator Improved authentication enables your
mobile application strategy Your customers create more sessions ad
transaction if authentication is not a barrier
Customer satisfaction is disproportionately based on digital experience
WHEN CONSUMERS WIN…B U S I N E S S T E A M S A N D S E C U R I T Y T E A M S A L S O W I N
Start on a “path to passwordless” Reduce costs by simplifying and
unifying authentication and authorization experiences
Gradually reduce – and then eliminate – your on-premise credential stores
Leverage the risk and contextual insight the fraud prevention teams already generate
Benefits for Business Leaders Benefits for Risk & Security Teams
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