Passwordless Authentication with Entra Verified ID

Passwords are a major security risk. They are easily guessed or stolen and can be a frustrating inconvenience for customers and employees. Passwords expose your business to fraud, phishing attacks, credential stuffing, password spraying, and many other risks that increase liability, exposure, and run costs. Passwordless authentication solves these problems.

Microsoft Entra Verified ID provides a secure and convenient way to eliminate passwords from your organization. With Entra Verified ID, users can authenticate to your applications and services using a verified digital credential that is tamper-resistant and easy to manage. This eliminates the need for passwords, which makes it much more difficult for attackers to gain access to your systems.

Entra Verified ID is also very convenient for users. They simply scan their credentials to authenticate, and they don’t have to remember any passwords. This makes it much easier for users to get their work done, and it reduces the risk of them clicking on phishing links or falling victim to other social engineering attacks.

KYC and Passwordless Authentication

Know Your Customer (KYC) is a process that organizations use to verify the identity of their customers. This is often required by law, especially in financial services. However, KYC can be a time-consuming and manual process.

Entra Verifiable Credentials (VCs) help to streamline KYC and eliminate the need for passwords. VCs are digital certificates that contain information about a person’s identity, such as their name, date of birth, and address. Entra VCs can be verified using secure keys that ensure credentials are authentic and private.

Using VCs for KYC can offer several benefits, including:

Increased protection: VCs are more secure than passwords, as they are not vulnerable to phishing attacks or password reuse.

Reduced financial fraud: VCs help reduce financial fraud by making it more difficult for criminals to impersonate legitimate users.

Improved customer experience: VCs make it easier for customers to do business with organizations, as they do not need to remember multiple passwords.

VCs for KYC are quickly becoming a standard practice in the financial services industry. With Entra VCs, any organization can easily deploy KYC verification and Zero Trust security methods to improve security, mitigate fraud, and improve customer experience.

Easy Deployment

The IdRamp Entra Integrated Identity fabric makes it easy to deploy and manage Verified ID. The fabric automates administration of Verified ID and its integration with existing systems. It also helps you orchestrate VCs across diverse ecosystems, making it easy to combine VCs with other ID services such as biometrics, MFA, document proofing, FIDO, and IGA. Deployment can be done gradually or all at once, depending on your business needs.

How do I get started with Passwordless Authentication?

If you are looking for a way to improve your security posture and reduce your risk of data breaches, then consider using Entra Verified ID credentials. With Entra, you can eliminate passwords from your organization and make it much more difficult for attackers to gain access to your systems.

Contact IdRamp to start using Entra Verified ID to help secure your organization.