Hypersign will rapidly secure Consumer Identity security breaches

Rarely do platforms allow users to get the best out of service and security. More often than not, platforms will compromise security to achieve seamless service provision, as is the case for centralization. In the process, users lose on both ends as a security breach diminishes whatever trust or value is created through seamless operations.

Knowing the disservice being done to customers, Hypersign envisioned and proposed a platform that secures Consumer Identity, ensuring both seamless operations and security. Hypersign addresses subtle challenges that many may not have noted when logging into social networks or using OTPs (One-Time passwords). The platform is already receiving serious backing for its focus on user data control and security.

Subtle consumer identity challenges

Most people are logged into their favorite social sites, rarely logging out. However, a scenario such as a phone replacement may cause users to log into their accounts. This is where the problem starts for most people. Password resetting, password recovery, and other password-related inconveniences sometimes force people to create different accounts. In other cases, hackers can compromise accounts as the password system employed in most platforms is relatively weak.

Along with the issue of secure access, consumers are in the dark concerning storage of their data, tracking and tracing software in these platforms, and the misuse of their data through third-party exposure. These challenges create much mistrust, especially when users are made aware of misuse of their data, as was the case with Facebook and Cambridge Analytica.

Weak authentication systems such as OTPs potentiate these problems. By using insecure channels, these passwords are prone to interceptions, which exposes the user to hacks. For instance, OTPs are shareable and work within a time limit of fewer than 5 minutes in most cases. It is possible for the password to be intercepted wirelessly or be shared physically from your devices within the time.

For this reason, having platforms like Hypersign focus their innovation on solving user identity challenges creates a silver lining in the connected world.

What to expect on Hypersign

Hypersign has three stakeholders that are crucial to the seamless operation of the platform. These are the users, identity providers, and service providers. The platform ensures that the interests of these stakeholders are met in terms of security and service provision.