Why It’s Time To Retire Knowledge-Based Authentication
AUGUST 21, 2018
According to Philipp Pointner, chief product officer at Jumio , a full 90 percent of consumers are comfortable with simply answering knowledge-based questions when it comes to proving their identity. In fact, consumers should assume their data is so compromised at this point that it is almost useless to use knowledge as an identity source. Which, he noted, institutions are — because they are looking for alternatives to knowledge-based authentication.