Dear Listeners, in this episode we speak to Shankar Ramaswamy the co-chair of the FIDO India Working group and ex-founding team member of Singular Key, which is part of ping identity now. Shankar is a Security Product Strategist and Security Domain expert with 24+ years of experience in the industry. He has also co-authored a whitepaper FIDO Authentication in Digital Payment Security: In line with the Reserve Bank of India’s Master Directions which we speak about in this episode
Most importantly a true thought leader on the topic of Identity and Authentication. We spoke to him about the following topics/questions:
- What is the importance of authentication in modern times and what role does it play in our lives as digital users?
- What different kinds of fraud we are witnessing in the Indian market?
- Why passwordless authentication has the potential to solve Account Takeover Frauds and others happening in the market?
- Why are banks are exploring alternatives to SMS OTP and what does clause 64 of the payment directive mean for authentication?
- What work is the FIDO alliance and working groups doing in India?
- What do you think about the study by banking frontiers where FIDO security keys were found to be more secure than SMS-OTP?
- How does the future look like?
