Can the enterprise trust smartphone verification technology?

With smartphones quickly becoming the identity verification technology of choice, SC Media wonders if it’s trustworthy enough for the enterprise?

73 per cent of fraud professionals think mobile devices will be the primary identity verification technology in the coming years. Yet 60 per cent also said that this will be biggest single point of compromise as well, according to research by the Callcredit Information Group.

The commercial director of CallCredit, John Cannon, calls smartphones a “key avenue in identity verification” but also acknowledges “they also represent significant risk.” Moving this debate out of the financial sector, and squarely into the broader arena of general enterprise usage, SC Media wondered what industry opinion was regarding how secure a proposition the smartphone is as a user authentication or verification device?

Click here to read complete article