Multi-Factor Authentication (MFA)method is not 100% secure, as Fraudsters can steal one of the authentication factors or even manipulate the device with the use of a Remote Access Trojan (RAT).
In addition, this method added friction that turned a consumer´s experience into a poor and clunky one.
Discover how one of the largest banks in Colombia implemented buguroo to design an adaptative authentication depending on a user's risk profile, reducing fraud and enhancing customer experience.