Because of its interoperability and security design, FIDO2 keys enable businesses to attain a passwordless environment in a short time. They are ready to use it immediately and use a separate cryptography chip to qualify for the highest authenticator assurance level possible, enabling them to meet the most demanding compliance criteria. Prior to FIDO2, using a physical security key on a mobile device required the use of extra software and a reader. The major mobile device manufacturers, on the other hand, have made great efforts in the integration of FIDO2 into their authentication systems. As a result, a FIDO2 security key may be used on a mobile device immediately after being generated. It is possible to deploy strong MFA to all mobile devices fast and without the need to make any changes to the mobile device as a result of this compatibility.
Malware and other hacking tools make it very simple to capture credentials and retry them again and over until access has been granted. In order to mitigate this issue, FIDO2 requires that the user makes physical contact with the hardware token before commencing the authentication process, also called identity verification. Even if a hacker acquires access to a system with a FIDO2 credential inserted in, no authentication will occur until the user physically acts on the system. This security application protects your firm against the most severe credential theft and phishing attempts as soon as they occur.
Due to the crucial necessity of supply chain security, businesses may now compel their partners to use only FIDO2 devices that have been certified by the National Institute of Standards and Technology (NIST) and include the FIDO webauthn Attestation security feature. In order to better comprehend how this works, imagine that you are the information technology security manager for a manufacturing plant with suppliers who have access to your ordering system. You state that they must now use multifactor authentication due to your directive. But you also rule out their potential to use a device that is not FIPS-certified to meet your internal compliance criteria. To guarantee that the device is suitable before allowing them to use it, you may utilize FIDO2 Attestation to check it automatically during the registration process.
To learn more, below is an infographic from LoginID that discusses digital onboarding in banking.
