Dr. Adam Lowe, Chief Product & Innovation Officer at Arculus by CompoSecure, highlighted the significant issue of credit card fraud, with one in three consumers experiencing it last year. The speaker advocates for a shift from password-based systems to key-based systems, such as FIDO passkeys, which are more secure and user-friendly.
Key Highlights
Driving business value with FIDO passkeys
- Identity and access management:
- Prevents cyber criminals from getting into accounts
- Less fraud and due diligence losses
- Stopping account takeover:
- Prevents brand reputational risk and losing customers
- Less fraud costs
- Enabling a passwordless experience:
- More completed user journeys
- More completed carts increase revenue
Conclusion
FIDO passkeys, which are more secure and user-friendly, help to improve customer experience, engagement, and security. This, in turn, drives top-line revenue and bottom-line value for the business.
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Speaker:
- Dr. Adam Lowe, Chief Product & Innovation Officer, Arculus by CompoSecure