With increased online transactions, security is a critical component for organisations around the world. Two factor authentication is increasingly being replaced with multi-factor authentication, augmented with biometrics for added security.
Authentication is the process of knowing the truth of one’s identity/entity. Multi-factor authentication provides an additional layer of security when logging in or performing transactions online, which requires more than one mode of authentication to verify the credentials of the user/s. Thus, creating a layered defence against the unauthorized person to access information and averts online frauds.