CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Experian selects MIRACL M-Pin to offer strong authentication for millions of UK citizens
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Experian selects MIRACL M-Pin to offer strong authentication for millions of UK citizens PDF Print E-mail
Thursday, 10 December 2015

Distributed cryptography company MIRACL today announced that Experian [LSE: EXPN] has selected its identity technology to provide highly secure authentication to millions of UK citizens. 


Experian is a certified identity assurance provider for GOV.UK Verify, the new way for UK citizens to use government services online like renewing your driving license or filling out your tax safely, securely and straightforwardly.

The MIRACL M-Pin Crypto application is an enabling technology that Experian has selected to provide a high level of assurance, delivering two-factor authentication to secure people’s identities. UK citizens using the GOV.UK Verify service will have completely secure access to their online accounts using MIRACL’s patented two-factor M-Pin Authentication Protocol. This involves a user-selected 5 digit PIN (something they know) alongside a software token which automatically installs in their mobile or desktop browser (something they have) when registering. Both factors must be present in order to create a key that drives a “zero knowledge proof authentication protocol” against MIRACLE’s M-Pin Server. The server stores no passwords, PINs or authentication credentials of any kind.

Experian’s selection of the M-Pin technology greatly reduces the risk for GOV.UK Verify and its users. It protects UK citizens using the service from identity fraud and the associated costs that result from cybercriminals stealing and abusing passwords. This increased security will also speed up government-delivered processes by allowing more services to be delivered securely online.

Nick Mothershaw, UK&I Director of Identity & Fraud at Experian stated: “Protecting the person online and giving them a good user experience of the services they are using is a key goal for us as a business. MIRACL is a pioneering company that will help us achieve that and we are looking forward to working with them. ”

MIRACL CEO, Brian Spector added: “Centralising logins across all government services is a significant move which requires strong yet simple security. For this reason, leading-edge technologies like M-Pin that embrace secure user-friendly authentication methods, but can also perform at mobile internet scale, are imperative. The original password system is vulnerable to a myriad of attacks and leaves users susceptible to password theft and social engineering. Using a zero-knowledge proof protocol, so that passwords are never used or stored in a vulnerable database, will make the password breach a thing of the past. We are really looking forward to working alongside Experian to deliver highly secure logins to millions of UK citizens.”
 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197