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#News(General) [ via IoTForIndiaGroup ]
Risk-based Authentication Market in BFSI sector ensuring compliance with regulatory mandates, strengthening security, and delivering enhanced digital services to its customers. In 2015, the worldwide credit card frauds amounted to USD 16 billion, which increased the adoption rate of risk-based authentication solutions in this sector. The healthcare sector is growing at a fast pace as risk-based authentication solutions assist healthcare providers in managing and validating their users’ identity.
Risk-based Authentication Market size is poised to grow at a high CAGR from 2018 to 2024 impelled by worldwide increasing adoption of advanced technologies including Internet of Things (IoT), Bring Your Own Device (BYOD), and connected devices. They offer various benefits to organizations such as reduced hardware costs, increased productivity for remote employees, and a satisfied customer base.
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