For a long time, companies have relied on passwords to protect their information. However, passwords alone are not enough to keep hackers or malware at bay.
Hardly a week passes by before an incident of cyber attack is mentioned in the news. In fact, it has been said that cybercrime increased by up to 600% due to the coronavirus pandemic. Hackers are always looking for ways to infiltrate organizations and steal critical and sensitive information. According to csoonline.com, companies that have experienced major data breaches in recent years include Adobe, Canva, eBay, Equifax, LinkedIn, and Zynga.
What is multi-factor authentication?
Also referred to as two-factor authentication (2FA), multi-factor authentication (MFA) is an IT technique that requires a user to present two or more ‘factors’ to validate their identity. These are the characteristics commonly used as factors in the process of authentication:
- Something you know – Your username and password
- Something you have – A USB, keycard, or cell phone could all verify your identity
- Something you are – Iris scans, fingerprints, or any other biometric data can prove who you say you are
The authentication process could begin with entering your username and password. You will then scan your fingerprint, and finally, enter a code sent to your phone.
Importance of multi-factor authentication
- MFA enables stronger authentication
Risk reduction is crucial for organizations. Since most hacking-related breaches result from weak or stolen passwords, a more reliable method of authentication is required. MFA adds extra layers of protection in order to block unauthorized access to sensitive data.
- MFA provides security without compromising user experience
Remembering passwords can be very stressful, especially when you have many to memorize. And resetting forgotten passwords can be a very cumbersome process. MFA makes things easier for users by offering them a wide range of factors to choose from.
- MFA adapts to the dynamic workplace
Due to social distancing rules and stay-at-home orders, many people are now working from home. As a result, organizations require more advanced multi-factor authentication solutions to handle more complex access requests.
To navigate the complexities of multi-factor authentication, you need an expert to guide you. Be sure to do your due diligence before choosing a service provider.