1Kosmos BlockID Platform Provides SIM Binding to Prevent Online Fraud
1Kosmos, the only company that unifies identity proofing and passwordless authentication, announced it has added new SIM (subscriber identity module) binding capabilities that prevent online fraud to the 1Kosmos BlockID distributed digital identity platform. Using a combination of SIM detection and SMS verification, BlockID validates a user’s mobile number against the number registered with their financial institution or employer to protect against attacks that attempt to register an unauthorized device/phone number on a customer’s account.