I don’t read it this way at all. The solution replaces multi factor authentication by using analytics of my phone and use. If I’m at home going about my day, but “I” try to log in to one of these authenticated apps/services several hundred or even thousands of miles away, the login will fail for the imposter. Yet I’ll still carry on normally - without the burden of mutifactor authentication. No passwords are given to carriers here.
That certainly seems laudable. Multi-factor authentication is a desperately needed layer of security, and using things like device metrics to validate identify is huge. If that's all this is, then great! My concern is the phrase [One of the main reasons the carriers created the "Mobile Authentication Taskforce" was to help users who have to manage "dozens of difficult-to-remember passwords" for numerous apps.] There are many great multi-platform password tools available that consumers don't use without resorting to something that could be leveraged for data mining.
I don't see this as anything more that the carriers trying to insert themselves into the authentication process. But as they say... the devil is in the details, and no matter how good the platform is at protecting an individuals security, the carriers will likely have a trust issue... as in "we don't trust them".
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Don’t forget, this might combat fraud within the carriers too. Reducing fraud saves the carriers money. That could be one of the motivations behind this idea.
Maybe, but in what use case scenario would this prevent carrier fraud? The only thing I can see is using the mobile account for purchases, and I haven't seen anyone do that in years.