MIRACL Trust ID: Can an Authentication Solution Live Up to Its Name?
Over the years, industry analysts have learned to take some vendor claims with a grain of salt. So, when coming across a company named MIRACL, our guard was instinctively up: ‘They’d better be able to back it up.’ We were positively surprised to find that MIRACL Trust® ID is an authentication solution that does live up to its name - once enrolled, the subsequent login is secure yet seems magically simple.
MIRACL Trust platform is a cloud-based service that provides secure, multi-factor authentication to employees, partners, and external users without sending authentication credentials across the web for storage in the cloud. The simplicity and elegance of the solution masks the complexity of behind-the-scenes cryptography responsible for ensuring the highest levels of security. In fact, the name of MIRACL has little to do with magic; it stands for Multiprecision Integer and Rational Arithmetic Cryptographic Library.
This Solution Brief explains why and how MIRACL Trust ID offers both security and usability (see the company's own positioning relative to other authentication methods) and outlines the key considerations for financial institutions interested in adding MIRACL as a way to authenticate their customers and employees.