March 24, 2014

Why you need an SMS-enabled two-factor authentification system for passwords

logo_tyntec_rgb_xs.jpg New global research by the Ponemon Institute, sponsored by mobile interaction service provider tyntec, has revealed that on average almost 50% of One-Time Passwords(OTPs) fail to arrive due to invalid mobile numbers provided by end-users.

For the report titled ‘Unlocking the Security Potential: The Key to Effective Two-Factor Authentication’ the Ponemon Institute surveyed more than 1,800 IT and IT security practitioners around the world.

The research also revealed that 65% of respondents felt the traditional username and password approach was insecure. As a result, 90% of global IT managers say their organisations plan or consider the possibility to adopt SMS-enabled two-factor authentication (2FA) in 2014 in order to improve online security.

... Larry Ponemon, Chairman and Founder of the Ponemon Institute, added: “Enterprises and internet companies know that the traditional username and password is simply not enough anymore. However, companies deploying SMS-enabled two-factor authentication need to ensure that one-time passwords aren’t being sent to invalid mobile numbers. As a result, the research confirmed that 67% of respondents said customer experience improves when SMS-enabled two-factor authentication is combined with real-time verification of the receiver’s mobile number.”

Read full press release.

Link to White Paper: Unlocking the Security Potential: The Key to Effective Two-Factor Authentication

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emily | 12:32 PM | New SMS Services | Add this this entry to your del.icio.us bookmarks. Digg This Technorati search results for this Entry
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