Chapter 19: Identity/Fraud (EFX Digital Solutions)
IN THIS LESSON
Secure Multi-Factor Authentication (MFA) is a stand-alone feature or additional security layer to confidently link an end-user with mobile and email channels.
Secure MFA facilitates additional security with a more robust authentication strategy when consumers interact using a digital channel. Traditional one-time passcodes can be cumbersome for consumers and can be subject to risk of theft or fraud. The more factors used to determine an identity, the greater the reliability of the authenticity.
For instance, layering in Secure MFA, confirms that the consumer engaging with the application has access to the device associated with the phone number or access to the email address submitted by the consumer, adding additional confidence that the consumer is interacting with the device or email.