1. A method for use in managing knowledge-based authentication systems, the method comprising: analyzing organization based information for information that is suitable for creating a set of responses for a question, wherein the question is used for authenticating a user, wherein the organization based information is gathered from data from a set of distributed organizational information sources of an organization, wherein the set of distributed organizational information sources are under control of the organization, wherein a knowledge-based authentication system generates the question and the set of responses, wherein the knowledge-based authentication system includes a question-response generator component and a question-picker component, wherein the question-response generator component generates the question and the set of responses; creating the set of responses for the question based on a set of parameters, wherein the set of responses includes incorrect responses to the question along with a correct response, wherein the incorrect responses helps in identifying an unauthorized user, wherein the set of responses generated based on the set of parameters enables an authorized user to distinguish between the incorrect responses and the correct response and prevents an unauthorized user to guess the correct response from the set of responses, wherein the set of responses and the question are stored in a question-response component, wherein the incorrect responses are updated periodically; and providing the question and the set of responses to the user for authenticating the user, wherein the user selects a response from the set of responses, wherein the question-picker component selects the question from a set of questions based on a set of criteria and a use case scenario.