In order to address major issues related to mobile security, four major US Wireless Carriers- Verizon Communications, AT&T, Sprint Corp and T Mobile have decided to team up to provide a new method of securing mobile solutions through Mobile Authentication Taskforce.
Currently, all the above specified 4 companies hold a ZACKS Rank of 3. Zacks Rank is nothing but a proprietary quantitative model that uses trends in earnings estimate revisions and EPS surprises to classify stocks into 5 groups.
In order to offer an effective mobile security solution, all 4 wireless carriers will combine their respective technologies and resources to help architect Mobile Authentication Taskforce (MAT). The task force’s main aim will be to work with the app developer community, industry organizations and third parties to make the wireless carrier’s vision of offering an effective mobile security solution a reality.
MAT is expected to help reduce mobile identity risks by analyzing data and activity patterns on a mobile network using network based device authentication, Geo location, and SIM card recognition. All these details will be used to predict the identity of the user which will in-turn boost the existing two-factor authentication (2FA) security with some add-ons.
In reality, all 4 network carriers exhibit cut throat competition when it comes to pricing and services. But to offer their respective consumers a secure communication medium, the 4 domestic wireless companies have decided to join hands for a common purpose.
And as per the details available to our Cybersecurity Insiders, the mobile authentication solution will be offered to consumers and enterprises by early 2018.