A corporation's data is what makes it important in the digital age of today. Protecting your customers' personal data will ensure that you're protecting your business, your brand and customers from fraud and spam.

To ensure that your customers are safe and efficient in their acquisitions, it is essential to confirm their identity. Two-factor (2FA) or multi-factor authentication (MFA) is another security measure for your company, where a user's identity must be verified when trying to log into an application. In addition to the requirement for a password, it also requires you to provide additional information to confirm your identity.

Verifying phone numbers at every phase of the customer's lifecycle beginning with account creation, all the way to transaction authentication, offers greater security. It not only protects you and your business from fraud but also guarantees that your customers' confidential data is secure by associating an authentic phone number with each user's account. Here are 5 ways on how mobile phone verification could help your business:

1. Join the user registration process quickly and securely

It is crucial to find the perfect balance between customer satisfaction and security needs. Customers want that everything be fast and simple. The process of registering accounts can be simplified through the use of sms code verification service. Users only need to enter the code that is time-sensitive via SMS to be able to access the website and mobile apps.

2. Stop Bulk Account Creation

Many businesses still rely on email addresses to confirm new users. Fake email accounts are constructed with no effort and usually are cost-free. This could result in a mass accounts being created in your company.

Because it is often assigned to an individual who is not a person, a mobile number could be a useful user identifier. Most people will retain their mobile numbers for several years. You can prevent bulk account creation through sending an SMS message that includes a randomly created password (OTP). This is due to the fact that it is hard for someone to get access to another's mobile phone.

3. A more high-quality user base

As it is much more costly to obtain new SIM cards, it can help prevent fake users because of the time, effort and expense involved. This gives your businesses a more valuable user base as it eliminates fraudulent account.

4. Increase trust in customers' Data Security

Based on a PwC report that 88% of consumers surveyed agreed the extent of their willingness to share private information is determined by the level of trust they have for a given business. It is impossible to provide a better customer experience if your customers don't trust you to protect their sensitive data.

Your customer's account from being compromised by offering two-factor authentication using their mobile numbers during their journey through the user experience, doing so provides that extra layer of security.

5. Cost-Effective and Global in Reach

In most cases, SMS is cheaper than email. With five billion people across the globe having access the mobile phone, it is safe to say, there's the possibility of a large percentage of your users being in a position to receive your SMS verification code. You must make sure that your sms code verification service provider is able to deliver your OTP via SMS. OTP international.

Endnote

Doesn't matter if you run an individual business or a large conglomerate, data security is vital for all businesses regardless of size. Implementing mobile verification provides your business with the ability to assure your customers that their personal data is safe and secure.