NASHVILLE, Tenn., Dec. 17, 2015 /PRNewswire/ -- Today mSIGNIA announced it has joined the Fast IDentity Online (FIDO®) Alliance to assist the efforts to improve the way the world authenticates online services and eradicates fraud. The FIDO Alliance is an industry consortium transforming online authentication with standards-based specifications. Its members are committed to sharing technology and to collaborate on delivering open specifications for universal authentication methods that are interoperable, more secure and private, and easier to use.
The core ideas driving FIDO were developed to help organizations implement authentication methods beyond traditional password protection. For its part, mSIGNIA provides customers with:
- Protection against fraud and account takeover: mSIGNIA offers real-time detection of mobile operating system compromise by malware (i.e. jailbreak/root detection), verification to combat malicious rogue apps and elimination of bots from probing Web services.
- The ability to distinguish customers from criminals: The platform's patented technology recognizes returning users instantly through contextual enrollment, app-enabled geo-location learning and device recognition for zero-friction user interaction. It leverages over 700 attributes on iOS and Android to identify the user and device, without storing any personal identifying information of the user.
- Methods to increase application usage and improve revenue: mSIGNIA enables businesses to offer more value-added services to "good" users while markedly reducing "bad" user impact. When the score is good, the user is never bothered.
Paul Miller, CEO, mSIGNIA, said: "With mobile engagement on the rise, the practice of one-time passcodes sent to a mobile phone and fumbled password entry on mobile keyboards is becoming a thing of the past. New methods are needed to prevent fraud and protect good users, and having agreed-upon standards like those that FIDO provides helps in this effort. We look forward to active participation in the Alliance."
Brett McDowell FIDO Alliance executive director, said: "I am pleased to welcome mSIGNIA as a new Associate Member of the FIDO Alliance. I look forward to seeing what contributions mSIGNIA makes to the thriving ecosystem of FIDO Certified products and how we can combine our collective efforts to deliver a seamless and stronger authentication process to enhance the user experience and eliminate app abandonment, frustration and security instability."
Founded in 2010, the mSIGNIA fraud prevention platform authenticates digital personas and mobile transactions to stop cybercrime. mSIGNIA enables application or service providers to reduce fraud and account takeover by recognizing good vs. bad users based on contextual identity. Its patented technology uses data analytics to provide a zero-friction, two-factor fraud prevention solution for browser logins and a secure TouchID experience for all mobile apps. The company is based in Nashville, TN. To learn more, visit: www.mSIGNIA.com
About the FIDO Alliance
The FIDO (Fast IDentity Online) Alliancetm,www.fidoalliance.org, was formed in July 2012 to address the lack of interoperability among strong authentication technologies, and remedy the problems users face with creating and remembering multiple usernames and passwords. The FIDO Alliance is changing the nature of authentication with standards for simpler, stronger authentication that define an open, scalable, interoperable set of mechanisms that reduce reliance on passwords. FIDO authentication is stronger, private, and easier to use when authenticating to online services.
Nadel Phelan, Inc.