Meet regulations while offering a seamless and secure user experience
The increase in digital transformation has fueled the need for organizations to enable new technologies that make business transactions faster and efficient. However, these technologies also open new avenues for malicious cybercriminals – harvesting of personally identifiable data, financial crimes, and theft of corporate intellectual property.
With new threats emerging every day and the risks affecting end-users, severe penalties are being levied against organizations through stricter legislation and regulatory policies such as General Data Protection Regulation (GDPR), Payment Services Directive (PSD2), Consumer Data Right (CDR), and California’s 2020 California Consumer Privacy Act (CCPA).
GDPR fines in its first year
in loss of average revenue due to non-compliance
in peer-to-peer payments fraud between 2016 to 2019
With effective regulatory requirements organizations can:
Provide Strong Customer Authentication
Provide users with friction-free strong authentication leveraging biometry and passwordless login to support regulatory requirements such as PSD2 and data protection requirements.
Comply with Regulations
Provide your users with passwordless login or tokenless step-up authentication to verify user authenticity and integrity – ensuring data security and protection.
Protect your organization
The regulations protect your business, your employees and your customers. For example, security regulations exist to help protect against data breach and financial regulations existi to help protect against fraud. With strong customer authentication BlokSec helps meet or exceed those regulations to protect your organization.
Ready to meet regulatory requirements?
Passwordless authentication gives your users access to on-premise, cloud and customer portal applications.
Reduce card-not-present and payment fraud with a real-time consent-based authorization to meet regulatory requirements.
Learn more about BlokSec's Decentralized-Identity-as-a-Service (DIaaS™) Platform
To support regulatory requirements and privacy we need stronger authentication for our customers and partners; this is where BlokSec is helping us close this gap.
Integrating passwordless login to our customer admin portal using OIDC was simple and straightforward. It took less than 15 minutes to configure our platform to leverage BlokSec for login.