Beyond Traditional Authentication Challenges

Beyond Traditional Authentication Challenges

Why Current Verification Methods Fall Short

Current Pain Points in Verification:

  • Manual Processes: Staff making verification calls is resource-intensive and error-prone
  • High Abandonment: Users drop off during lengthy verification processes
  • Security Gaps: Single-factor authentication leaves vulnerabilities
  • Inconsistent Experience: Different channels create confusing user journeys
  • Operational Costs: Verification call centers require significant staffing

The Cost of Inaction: Organizations without robust MFA face increased fraud rates, compliance violations, and customer dissatisfaction. Recent studies show account takeovers increased 90% year-over-year, with each breach costing an average of $4.45 million in 2023.