Why Traditional MFA Solutions Are Failing
Banks, NBFCs, Insurance Cos, Broking firms, FIs and enterprises face rising cyber threats:
✔OTP fraud & SIM swap attacks – Hackers intercept OTPs via phishing or steal numbers.
✔Phishing & MFA fatigue attacks – Users are tricked into approving fake logins.
✔Password leaks & insider threats – Employees reuse passwords, increasing security risks.
🔴The problem? Most MFA solutions (Authenticator, push-based MFA) rely on shared secrets, TOTP, OTP, SMS OTP, Email OTP, HOTP, Passkey, etcmaking them vulnerable.
✅AceAuth eliminates these risks using Public Key Infrastructure (PKI), digital certificates, and smartphone Trusted Execution Environments (TEE) for a passwordless, OTP-free, OTPLessand phishing-proof login experience.
The Growing Authentication Crisis in Enterprises
1. OTP Fraud & SIM Swap Attacks
Problem: Attackers intercept OTPs (MSM & EMAIL) via phishing, malware, or SIM swap fraud, leading to massive financial losses.
Example: Fraudsters use SIM swap attacks to steal OTPs and drain bank accounts.
Why Other MFA Fails: Most of commonly used Authenticators and SMS OTPs rely on shared secrets, making them hackable.
✅AceAuth Solution:
- No OTPs involved – Eliminates SIM swap and OTP interception risks.
- Uses a digital certificate stored securely in the smartphone’s TEE – No shared secrets that hackers can steal.
2. Phishing & Man-in-the-Middle (MITM) Attacks
Problem: Attackers trick users into entering their OTPs on fake banking websites, stealing login credentials.
Example: A fake banking login page captures OTPs and compromises accounts.
Why Other MFA Fails: Even TOTP and push-based MFA can be exploited via phishing links.
✅AceAuth Solution:
- No passwords or OTPs that can be phished – Authentication relies on PKI and digital certificates stored in the user’s device.
- Push notifications trigger secure cryptographic authentication – The private key never leaves the user’s smartphone.
3. MFA Fatigue Attacks (Push Notification Bombing)
Problem: Attackers spam users with authentication requests until they approve by mistake.
Example: A user receives 50+ push notifications and mistakenly approves an attacker’s login.
Why Other MFA Fails: Usual Authenticatorsrely on push notifications, which can be exploited.
✅AceAuth Solution:
- Uses PKI-based cryptographic authentication instead of blind approvals – Only the intended user can complete authentication.
- No reliance on shared secrets – No opportunity for attackers to spam fake requests.
4. Password Breaches & Insider Threats
Problem: Employees reuse passwords, and internal threats compromise systems.
Example: An ex-employee gains unauthorized access using stored credentials.
Why Other MFA Fails: Even with MFA, passwords remain a weak link in traditional systems.
✅AceAuth Solution:
- Passwordless authentication using digital certificates – Eliminates the risk of stolen credentials.
- Stored in the TEE of a smartphone – Ensures private keys cannot be extracted or misused.
How AceAuth Works: Passwordless, OTPless, Phishing-Proof Authentication
- User Registers & Downloads the AceAuth App – A digital certificate is generated and securely stored in the TEE of the user’s smartphone.
- User Requests Login – The user enters their username on a banking, insurance, or enterprise login page (no passwords needed/ optional password).
- Push Notification Sent to Registered Device – Instead of entering OTPs, the user gets a secure authentication request on their smartphone.
- Cryptographic Signature Verified – The user digitally signs the request automatically, using their private key stored in the TEE, ensuring authentication is secure and phishing-proof.
- Access Granted – The system verifies the signed request and logs in the user without optional passwords, OTPs, or only push approvals.
Attacks like MITM (Man in the middle), MIRB (Man in the browser), remote attacks, phishing, SIM Swapping are rendered useless.
No dependency on Cellular network. Only Data network needed.
Significant Savings of cost of each OTP sent via SMS, customer alerts via SMS etc.
AceAuth vs. Other MFA Solutions – Why We’re Better
Feature | AceAuth | TOTP (Authenticator) | Push MFA | Hardware Tokens |
No OTPs | ✅ Yes | ❌ No | ✅ Yes | ✅ Yes |
Phishing-Proof (No Shared Secrets) | ✅ Yes (PKI-based) | ❌ No | ❌ No | ✅ Yes |
No SIM Swap Risk | ✅ Yes (No OTPs used) | ❌ No | ❌ No | ✅ Yes |
No Passwords Needed | ✅ Yes | ❌ No | ❌ No | ❌ No |
No MFA Fatigue Risk | ✅ Yes (Cryptographic authentication) | ✅ Yes | ❌ No | ✅ Yes |
Digital Certificate Stored in TEE | ✅ Yes | ❌ No | ❌ No | ❌ No |
No Extra Hardware Required | ✅ Yes | ✅ Yes | ✅ Yes | ❌ No |
🔹Key Takeaway:AceAuth is more secure than TOTP-based and push-based MFA while being more convenient than hardware tokens.
Who Needs AceAuth? Few Industry Use Cases
Industries Benefiting from AceAuth
1) Banks & NBFCs
- Eliminate OTP fraud & SIM swap attacks – No shared secrets mean hackers cannot intercept anything.
- Meet RBI security compliance – Phishing-proof authentication for core banking systems CBS, Internet Banking, Mobile Apps, etc.
2) Insurance Companies
- Stop agent fraud & account takeovers – Only registered devices with certificates can log in.
- Simplified authentication – No password resets or SMS OTP delays, OTP Drops.
3)Stock Broking & Trading Platforms
- Prevent unauthorized trades – Secure authentication without phishing risks.
- SEBI compliance-ready – Meets modern security standards.
4)Enterprises & Corporates
- Enable secure workforce authentication – Protect employee logins with PKI-based authentication.
- Zero Trust ready – Ensures only verified users gain access.
FAQs – Everything You Need to Know
1. How is AceAuth better than other Authenticator MFA solutions?
Unlike TOTP-based Authenticator and push-based Authenticator, AceAuth uses PKI, digital certificates, and TEE storage, eliminating phishing, OTP theft, and MFA fatigue risks.
2. Do I need extra hardware like smart cards or USB tokens?
No! AceAuth is software-based and uses the smartphone’s TEE, removing the need for external devices.
3. Can AceAuth replace my existing MFA system?
Yes! AceAuth integrates with existing applications to provide stronger, seamless authentication. Although it can co-exist with other MFA solutions, providing an alternate, stronger solution
Ready to Secure Your Business? Get AceAuth Today! Go OTPLess
🔹Eliminate OTP fraud & phishing risks
🔹Stop SIM swap & MFA fatigue attacks
🔹Secure your banking, insurance, and enterprise logins
Try AceAuth Now – Secure Your Business Today!
✅Request a Demo | ✅Contact Us
1. Banking & NBFCs (RBI-Compliant Authentication)
✔Problem: OTP fraud, SIM swap attacks, phishing risks, and compliance with RBI’s security mandates.
✔AceAuth Solution: Phishing-proof login with PKI authentication—eliminating OTPs and securing customer logins.
✅Benefits:
🔹 No OTP delays or OTP Drops, or fraud risks.
🔹 Meets RBI’s security guidelines (Digital Banking Framework, Payment Security).
🔹Eliminates password-based fraud & insider threats.
2. Insurance Companies (Agent & Customer Authentication)
✔Problem: Fake policy issuance, fraudulent agent logins, policyholder data leaks.
✔AceAuth Solution: Passwordless, certificate-based authentication prevents unauthorized access.
✅Benefits:
🔹 Secure customer logins & policy management.
🔹 Prevents fraudulent policy issuance.
🔹 Eliminates OTP delays & phishing threats.
3. Stock Broking & Trading Platforms (SEBI Compliance & Secure Logins)
✔Problem: Unauthorized trades, account takeovers, stolen passwords, delayed OTPs.
✔AceAuth Solution: Phishing-proof, zero-trust authentication for traders & investors.
✅Benefits:
🔹 No OTPs, preventing fake trade approvals.
🔹 Meets SEBI’s authentication & cybersecurity guidelines.
🔹 Reduces risks of compromised trading accounts.
4. E-Commerce & Payment Platforms (Fraud Prevention & Secure Transactions)
✔Problem: Fake orders, account takeovers, payment fraud.
✔AceAuth Solution: PKI-based, OTP-free authentication secures accounts & transactions.
✅Benefits:
🔹 Eliminates OTP-based fraud in online payments.
🔹 Phishing-proof authentication for users & merchants.
🔹 Enhances customer trust & checkout security.
5. Enterprises & Corporates (Workforce Authentication & Zero Trust Security)
✔Problem: Weak passwords, insider threats, unauthorized system access.
✔AceAuth Solution: Secure workforce logins with digital certificate-based authentication.
✅Benefits:
🔹 Secure VPN, email, and system access.
🔹 No shared passwords, eliminating insider threats.
🔹 Seamless integration with enterprise applications (SSO, IAM, AD).
6. Government & Public Sector (Defense-Grade Authentication)
✔Problem: Data breaches, identity theft, cyber espionage.
✔AceAuth Solution: PKI-backed authentication for secure access to government portals & critical systems.
✅Benefits:
🔹 Protects government data from unauthorized access.
🔹 No OTPs, reducing risks of cyber espionage.
🔹Meets stringent national security standards.
7. Healthcare & Telemedicine (Patient Data Protection & HIPAA Compliance)
✔Problem: Medical record breaches, unauthorized telemedicine logins, compliance issues.
✔AceAuth Solution: Phishing-resistant authentication for healthcare professionals & patients.
✅Benefits:
🔹 Secure patient record access.
🔹Prevents fake telemedicine appointments & data leaks.
🔹 HIPAA, GDPR-compliant authentication.
8. Cloud & SaaS Providers (Secure App Access & Customer Authentication)
✔Problem: Weak passwords, unauthorized SaaS account logins, data leaks.
✔AceAuth Solution: PKI authentication eliminates password-based access risks.
✅Benefits:
🔹 Zero-trust access control for cloud applications.
🔹 No passwords, eliminating data breaches.
🔹Secure developer & customer authentication.
9. Travel & Airline Industry (Secure Passenger & Staff Authentication)
✔Problem: Fake flight bookings, account takeovers, stolen loyalty points.
✔AceAuth Solution: Secure, OTP-free authentication for airline passengers & staff.
✅Benefits:
🔹 Prevents fraudulent flight bookings.
🔹Secure access for airline crew & ground staff.
🔹 Eliminates stolen loyalty points & payment fraud.
Fintech Companies (Secure Digital Banking & Wallets)
✔Problem: Digital fraud, unauthorized transactions, compliance issues.
✔AceAuth Solution: Certificate-based authentication secures user accounts & financial transactions.
✅Benefits:
🔹 No OTP-based fraud or unauthorized payments.
🔹 Seamless authentication for fintech apps, wallets & lending platforms.
🔹 Meets RBI & PCI DSS security compliance.
Oil & Gas Industry (Securing Critical Infrastructure & Industrial Networks)
✔Problem: Cyberattacks on operational systems, unauthorized access to sensitive data, insider threats.
✔AceAuth Solution: PKI-based, phishing-proof authentication for industrial control systems (ICS) & employees.
✅Benefits:
🔹 Prevents unauthorized access to SCADA systems.
🔹 Ensures secure remote login for field operators & engineers.
🔹Eliminates password-based insider threats.
Defense & Government Agencies (Military-Grade Authentication)
✔Problem: Nation-state attacks, data breaches, cyber espionage.
✔AceAuth Solution: Zero-trust, certificate-based authentication ensures only authorized personnel can access defense networks.
✅Benefits:
🔹No OTPs, no phishing risks—secured with PKI.
🔹 Prevents unauthorized access to classified information.
🔹Meets national cybersecurity standards & regulations.
Internal Employees & Senior Executives (C-Level & High-Privilege Account Security)
✔Problem: CEO fraud, executive impersonation, insider threats leading to financial & reputational damage.
✔AceAuth Solution: PKI-backed authentication ensures only verified executives & high-privilege users can access systems.
✅Benefits:
🔹 Eliminates CEO fraud & phishing risks targeting executives.
🔹Securesinternal apps, privileged accounts & admin logins.
🔹 Prevents data leaks & insider breaches.