CIO Insider

CIOInsider India Magazine

  • Cioinsider, Team
  • MultiFactor Authentication (MFA) is an emerging category of identity access management that involves the use of multiple methods of authentication to verify a user’s identity. Authentication of user identity ensures secure online transactions, log on to online services, and access to corporate resources. Multifactor authentication comes with different models such as two factor authentication, three factor authentication, four factor authentication, and five factor authentication. MFA model using two factors is gaining popularity in the market; occupying almost 90.88 percent of its share as of 2017, followed by three, four, and five factor authentication respectively. Additionally, the multi factor authentication market is expected to register a CAGR of 15.2 percent over the forecast period of 2019-2024.

  • Next in the Arms Race Against CyberCriminals

Authentication is a Serious Game Now

By: Emmanuel Christi Das, Editor

Ever since Apple presented what personal computer can do, almost every aspect

Double Up Your Data Security with MultiFactor Authentication

By: Pramod Sharda, CEO, Ice Warp India & Middle East

In today's world, globalization has resulted in connecting people all over the

10 Most Promising Multifactor Authentication Solution Providers - 2019

Smart Authentication - 4 - Smart Consumer

By: Vishal Sinha, President and CIO, Tranzlease Holdings

Both digital and business transformation across industry has transformed

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Delivering The Fundamental Tenants Of Payment System

By: Ramki Gaddipati, Co-Founder and CTO, Zeta

Online banking, internet based activities have increased. It has increased

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A Digital Journey - Cloud, Analytics, Mobile, Social and Security

By: Kapil Mahajan, CIO, Safexpress

It's a known fact now that the Cloud, Analytics, Mobile, Social and Security

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Technology Enabled Inclusive Financial Service

By: Suvrata Acharya, Senior Vice President, NIIT Technologies

As we are moving towards more digital lifestyle every day, we are looking

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A Finance Leader's Mantra In Today's Era Of Digitisation

By: Neeraj Dotel, MD, India & SAARC, SAP Concur

In today's dynamic business environment, a Chief Financial Officer's role

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Future Of IT In Microfinance

By: Arvind Murarka, Head- IT and Neeraj Kumar Lal, Head-Strategic Initiatives, Arohan Financial Services

A very important development happened on April 18, 2019 when RBI issued

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E-Mandates And Their Power To Transform Payments In India

By: Arif Khan, Chief Innovation Officer, Razorpay

Innovation in payments and banking is playing a crucial role in India’s

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  • 10 Most Promising Multifactor Authentication Solution Providers - 2019

    Multifactor Authentication (MFA) is an emerging category of identity access management that involves the use of multiple methods of authentication to verify a user’s identity. Authentication of user identity ensures secure online transactions, log on to online services, and access to corporate resources. Multifactor authentication comes with different models such as two factor authentication, three factor authentication, four factor authentication, and five factor authentication. MFA model using two factors is gaining popularity in the market; occupying almost 90.88 percent of its share as of 2017, followed by three, four, and five factor authentication respectively. Additionally, the multifactor authentication market is expected to register a CAGR of 15.2 percent over the forecast period of 2019-2024. Nowadays, MFA is popular due to the high degree of security and it is much better than a single username and password combination. Multifactor authentication helps to reduce the incidences of online identity theft and online fraud, as now, the victim's password is not the only authentication factor that can prevent fraudulent activities. According to global MultiFactor Authentication market is valued at 6230 million USD in 2018 and is expected to reach 16800 million USD by the end of 2024, growing at a CAGR of 18.0 percent between 2019 and 2024. Hence, various institutes are implementing multifactor authentication systems. Likewise, with the rising frequency of authentication based cyberattacks, several governments across the world also have started implementing policies mainly focusing to drive the adoption of multifactor Authentication. Multifactor authentication applied by governments was valued at USD 1.05 billion in 2018 and is anticipated to grow at a CAGR of almost 23.0 percent over the forecast period. Thus, Multifactor Authentication is used by organizations to implement an additional layer of security that requires users to authenticate via knowledge, possession, and inherence factors to gain access to corporate and social networks. Therefore, we present to you a list of 10 Most Promising Multifactor Authentication Solution Providers - 2019. Being closely scrutinized by a distinct panel of judges including CEOs, CIOs, CXOs, analysts and CIO Insider editorial board, we believe that these vendors will help users to implement MFA in their organization to prevent their devices from unauthorized access, networks, and leak of sensitive information.

Company Logo Company Name Company Management Company Description
eMudhra eMudhra Kaushik Srinivasan , Head - Strategy and Analytics Comprehensive identity governance solution provider which includes multi-factor, 2-factor, PKI, risk based authentication, adaptive authentication, and appliance-in-a-box authentication.
Finacus Finacus Bhushan Kondurkar , CEO Delivers multi factor authenication via OneTouch 2FA / PUSH Notifications, Soft, Hard, Mobile based and USB based Tokens.
ICONS: Secure and Reliable Authentication Services to Increase Operational Efficiency ICONS Mittul Nagpal , Head - MFA, Secured & Disaster Proof Storage Technology marketing and distribution company, with expertise in Twofactor / Multifactor Authentication and Secured Storage.
India Tech Services India Tech Services Tejvir Verma , Founder Offers Self-Service portals, On demand authentication and Risk based authentication.
Integra Micro Systems Integra Micro Systems Mahesh Kumar Jain , Chairman & CEO Offers a myriad of multi-factor authentication services including Integration with LDAP, Active Directory Services, Finger Prints, Iris, Palm,Face, and OTP – SMS/Email.
Odyssey Technologies: Breaking New Areas in Security Odyssey Technologies B. Robert Raja, Chairman & Managing Director Possesses strong competencies in Cryptography and Inter networking including PKI technology and e-security solutions.
ProTechmanize: Quality First Cyber Security Enablement ProTechmanize Hakimuddin Wadlawala, Co-Founder & CEO Enbales Cyber Security Solutions and Services like API Security Testing, vulnerability management, application security, and assessment for cyber security.
SecureID: Making Security Grandma Simple SecureID Amit Gauba, CEO Facilitates secure login with 2FA, MFA, Single Sign On, and eKYC & user's verification over Web, mobile, phone call.
Tubelight Communications: Empowering Human Connection for Personal and Business Success Tubelight Communications Praveen Singh, CEO & Co-Founder Offers OTP authentication services for domains like Cloud Telephony, SMS, Mobile VAS and Call Centre Solutions.
Tuebora India Tuebora India Sanjay Nadimpalli , Founder & CEO Expertise revolves around realtime identity& access management/ governance, access activity monitoring, big data access analytics and self-service password management.