Pulse
CYBERSECURITY MIRACL
US state may not seem particularly important, it’s likely that where New Jersey goes, others will follow. It’s not outside the realm of possibility that the Garden State is just the first card to fall.
With this in mind, it’s not a stretch to assume that mandated MFA is on the horizon. At long last, we may well see the odds stacked in favour of security. Te question now is - how do organisations implement MFA without slowing down the login process?
Te answer is single-step MFA.
But before we get into that, it’s worth taking a look at authentication as a whole, so we can better understand how we made it to a single- step.
Tere are three basic forms of authentication:
Single-factor - requires only one authentication factor, typically the humble password;
Two-factor - requires two authentication factors as evidence for successful end-user authentication;
Multi-factor - requires at least two authentication factors, meaning that 2FA is always MFA, but MFA isn’t necessarily 2FA.
Te authentication factors, also known as verification factors, fall into one of three categories:
l Tings you know (such as a PIN); l
Tings you have (such as a smartphone or key);
l Tings you are (like a fingerprint).
Perhaps the best known forms of 2FA are via SMS and email. You have most likely used this authentication method, providing your email
You have most likely used this authentication method,
providing your email address or phone number before
receiving a one-time code you use to log in. It counteracts simple password hacks but it’s extremely clunky. Users are far more likely to accept it for
necessary evils such as online banking, not so much for leisure activities like online gaming.
P88 WIRE / PULSE / INSIGHT / REPORTS
Single-step MFA allows users to log in using nothing but a PIN or biometric, reducing the time-to-game, or time-to- bet, significantly when
compared to traditional MFA. What’s more, single-step MFA reduces friction in account set-up and checkout processes - considering
checkout friction accounts for about 40 per cent of cart abandonment.
address or phone number before receiving a one-time code you use to log in. It counteracts simple password hacks but it’s extremely clunky. Users are far more likely to accept it for necessary evils such as online banking, not so much for leisure activities like online gaming.
Single-step MFA allows users to log in using nothing but a PIN or biometric, reducing the time-to-game, or time-to-bet, significantly when compared to traditional MFA. What’s more, single-step MFA reduces friction in account set- up and checkout processes - considering checkout friction accounts for about 40 per cent of cart abandonment, implementing single-step MFA could result in huge revenue boosts for online gaming platforms.
But how does single-step MFA work? Is it not an oxymoron? How can it be both single-step and multi-factor? Te answer is simple - single-step MFA uses possession of a device, which is authorised to access the account, as one of the authentication factors. So the user reaps the benefits of MFA security, without having to jump through any additional hoops to log in. Tat means no more SMS, no more magic links, and users don’t even need a mobile phone to authenticate.
What’s more, implementing single-step MFA doesn’t mean sacrificing the security of traditional MFA. In fact, it is far more secure because firstly, possession of a device is far harder to make happen than obtaining a six digit code from an email or text message.
Secondly, unlike 90 per cent of MFA solutions, one-step MFA protects against all remote attacks such as phishing, credential stuffing, password spraying, replay and man-in-the-middle attacks. Combine all of these security benefits without having to sacrifice user experience for security, and you have the perfect authentication method for online gaming.
Regardless of whether the New Jersey regulations really are the harbinger of wider legislative action, one thing is clear - single-step multi-factor authentication is the future of online gaming verification.
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