PIN Authentication Significantly Reduces Cyber Attacks & Data Breaches

Fetaured Editorial: 

Outside hackers were to blame for most data thefts last year, while in-house drama contributed to a 20% of computer security attacks/crimes. The security issues arising after enterprises leave cloud storage with their private data being unprotected is in the security statistics and is one of the attacks on the rise, according to the Verizon Data Breach Investigation Report for 2020.

With MIRACL: It's one PIN and You're In

Now a new security system App has been developed by MIRACL Trust and it does not require you to constantly change your security procedures as the App does it for you.

MIRACL has recently supplied the world’s only 100% software, multi-factor authentication (MFA) PIN based solution to customers such as banking giant Crédit Agricole and consumer credit leader, Experian. The App changes your outdated passwords methodology and stores them securely without your need to do this and the App improves your cyber security significantly without your need to engage in the process.

The MIRACL App works by utilising cutting edge military-grade cryptography and 7 patents to form what’s called a Zero Knowledge Proof and this requires no personal user data to be either stored or sent for an authentication and it uses a simple 4-6 PIN digit concept for access

There is no database associated with MIRACL Trust that could represent a GDPR liability and there is no risk of credential stuffing, man-in-the-middle or phishing attack, three of the most common cyber security threats.

Passwords are currently the cause of 81% of hacks and 70% of support queries. These two factors are responsible for a large proportion of customer churn, so addressing them will boost gaming operators’ customer retention and their overall profitability.

CEO of MIRACL, Rob Griffin told Cyber Security Intelligence, “Everyone hates usernames and passwords; users and operators alike.  During the last year, the body of usernames and passwords that is for sale on the dark web has ballooned so things have reached a tipping point that has rendered them no longer fit for purpose.... It is time to re-evaluate. MIRACL Trust® enables secure log-in and transactions across browser or app, mobile or desktop with a 4-digit PIN, supported by patent-awarded IP that enables the most secure multi-factor authentication on the market. It’s a world first and a concept that I believe is a no-brainer.”

Its’ multi-factor authentication (MFA) is in-app and entirely cross-platform, providing a consistent user interface. Since it works in-app, there is no impact on conversion rates from users having to check non-secure messages outside the app. MIRACL Trust® works in browser and desktop without requiring a mobile.

The platform operates with a ‘pay as you go’ model that is cost effective and manageable.  The MFA software based concept is highly secure and the PIN number easily memorable for users. A message for the online gaming sector, stop gambling with outdated passwords. With MIRACL’s ‘one pin and you’re in’, it’s as simple as that. 

The MFA has a mobile App token, a 4-digit pin, it knows the time and place and is a specialist in identity and transaction authentification. 

The vast majority of breaches continue to be caused by external actors, 70 percent, with organised crime accounting for 55 percent of these now we recommend you try MIRACL because the security problems will be significantly reduced.  

Please contact Cyber Security Intelligence for more information or for MFA App test Please Contact MIRACL 71-75 Shelton Street, London, WC2H 9JQ, UK.  info@miracl.com Tel: +44 20 8191 9262 


 

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