Verify from CEQUENS is a premium digital security and two-factor authentication solution. We introduced it earlier this year for companies looking to protect user identities and online accounts against digital fraud. Verify offers best-in-class digital security and protects user data from constant threats. It is the ideal security companion for businesses in the digital world.
Two-factor authentication, explained
Two-factor authentication (2FA) is a security process in which users must use two different authentication methods to verify their identities. It is an extra layer added to ensure secure and immediate access to data. By adding this layer to existing login functions, you can verify user identities through:
- Knowledge: Information the user knows, such as a PIN or password.
- Possession: Something the user owns, such as email or mobile device.
Amid rapid cloud migrations, more industries are growing aware of the importance of two-factor authentication. Verify facilitates the adoption of different verification methods such as SMS one-time passwords, voice one-time passwords, and application soft tokens.
Millions of internet users must confirm their identities to various digital services every day. 2FA is a method of protection against scammers and stealers. With 2FA, digital danger is minimized by putting several security walls in the face of online attackers.
Cybersecurity challenges in the COVID-19 era
Verify keeps private information private. The product raises awareness for a set of challenges, including:
- Stealing, scamming, and phishing attempts
- Digital identity authentication for login attempts
- Password hacking, ransomware, and other cybercrimes
- Spam registrations
Recent studies have shown that 90% of passwords can be cracked in under 6 hours, while 57% of people subjected to phishing attempts do not change their passwords. The COVID-19 pandemic played a part in the decision to launch Verify now. Industries such as BFSI (Banking, Financial Services, and Insurance), Healthcare, Manufacturing, Retail, and Logistics had to accelerate their adoption rate of two-factor authentication during the pandemic. As digital transactions increased, so did the need for secure online environments to protect sensitive data. It is worth noting that during 2020, these industries and more lost the equivalent of 20 million dollars in damage costs due to global ransomware attacks, which indicates a pressing need for better security solutions made for modern customers.
Being an early adopter of 2FA helps you anticipate risks and mitigate digital dangers. 2FA also positions your company as a secure service provider at minimal cost – especially following the digital reliance caused by the COVID-19 pandemic.
Why Verify?
The verification market is set to exceed $17B by 2026. If you don't have a secure system for customer data in place, you're at risk of data breaches. You need Verify if your service can only be accessed using private data, or if your industry is a target for hackers and scammers.
Verify detects and prevents any fraudulent activity, and complies with solid security standards. Your customer’s privacy and your peace of mind are at the product’s core. Protect them against phishing, social engineering, and brute-force attacks – and make your business the safest option.
Some of Verify’s features include:
- Priority: We prioritize traffic in each country Verify operates in (Egypt – Saudi Arabia – United Arab Emirates – Qatar – Bahrain). Users can rely on high service quality and guarantee instant delivery that redefines digital security.
- Analytics: Dedicated dashboards give you access to real-time analytics and comprehensive reports – including delivery status, cost breakdown, and success metrics.
- Multichannel: Verify supports SMS, Email, and WhatsApp verification. Voice verification is coming soon. Multichannel verification caters to different demographics, user criteria, and customer needs.
To see the complete list of features, visit this page.
Who can make use of Verify?
Industries like banking and fintech companies can use Verify to protect financial data and secure online payments by sending immediate one-time passwords for multiple transactions. Retail and e-commerce solution providers, on the other hand, can use it to help their users validate their own identities during online shopping. While digital platforms and software houses can guide users while setting up digital accounts or devices and secure their logins using immediate verification codes. To learn more about how Verify works in your industry, schedule a demo call with one of CEQUENS’s experts through this link.
Explore some of the most prominent use cases for Verify below:
- Banking transactions (On-cloud or on-prem)
- Login codes and alerts
- Passwordless authentication
- Health records access
- Password reset
- User registration
- Ridesharing codes
- E-commerce transactions
- Subscription payments
Award-winning product suite
CEQUENS offers Verify as part of its award-winning Communication Platform – the multichannel solution built to foster connections between businesses and their customer base worldwide. Through multichannel integrations and a set of capable APIs, Verify presents different industries with verification experiences via SMS, Email, Voice, or WhatsApp.
Verify joins a comprehensive product suite of communication solutions and brings CEQUENS closer to implementing an omnichannel approach in business communication.
Get started with Verify
Taking risks with security can cost you a lot of money. It happened to some of the world’s largest companies, and it can happen to you. Mitigate theft risks and assure your customers with Verify.
Register for a free trial today.
About CEQUENS
We're a Communication Platform as a Service (CPaaS) provider. Our mission is to bridge communication gaps in a communication-driven world.
Born in the digital era, CEQUENS was founded in response to the increasing challenges facing enterprise communication. We started as an SMS aggregator and gradually crafted a path toward omnichannel CPaaS solutions.
For 10 years, our innovation has empowered thousands of businesses create and deliver communication experiences finetuned to their industries. Our cloud-based, PCI/DSS compliant Communication Platform is the award-winning, end-to-end solution helping businesses realize their full potential and go digital.
As an Endeavor member and industry player, CEQUENS plays a pivotal role in transforming business communication worldwide.
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