What is Level of Assurance (LOA)?

Level of assurance (LOA) is a term used in the field of computer security to describe the degree of confidence in the identity of an individual or entity. This concept is particularly relevant in the context of online transactions, where it is important to verify the identity of the parties involved in order to prevent fraud and other forms of abuse.

In order to determine the level of assurance for a particular transaction, various factors are taken into account, including the type of information used to verify the identity of the parties involved, the methods used to verify this information, and the overall security of the system in which the transaction is taking place.

One of the key considerations in determining the level of assurance is the type of information used to verify the identity of the parties involved. For example, a transaction that uses a password and a security token for authentication would typically have a higher level of assurance than one that only uses a password. This is because the use of multiple forms of authentication makes it more difficult for an attacker to gain access to the system or account.
In addition to the type of information used for authentication, the methods used to verify this information also play a role in determining the level of assurance. For example, a transaction that uses biometric authentication (such as a fingerprint or facial recognition) would typically have a higher level of assurance than one that uses a simple password. This is because biometric authentication is generally considered to be more secure than other forms of authentication.

Overall, the level of assurance is an essential concept in the field of computer security, as it helps to ensure the integrity of online transactions and prevent fraud and other forms of abuse. By understanding the factors that contribute to the level of assurance for a particular transaction, businesses can make informed decisions about the security measures they need to put in place in order to protect their systems and sensitive data.

You can increase your level of assurance with Saviynt’s Identity Cloud. Built in the cloud, Identity Cloud is the only FedRAMP-authorized SaaS solution for Identity Governance and Administration (IGA) and Cloud Privileged Access Management (CPAM). The fundamentals of IGA align closely to the requirements outlined in Federal Identity Credential and Access Management (FICAM). Saviynt Identity Cloud is a modular, converged cloud platform developed entirely in-house using a single code base without bolted-on solutions from third-party acquisitions. This significantly simplifies the implementation process. Plus, each solution can operate independently, allowing customers to select the product that suits them — and to integrate Identity Cloud with existing solutions.