Why Your Business Needs Multi-Factor Authentication

What is a Multi-Factor Authentication?   

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‍Multi-factor authentication (MFA) is a method of protecting your online identity. It's used to verify that the user is who they say they are. By doing so, the MFA asks the user to provide two forms of identification or confirmation that they are who they say they are. These pieces of identification fall into three categories: something they are, something they know, and something they have. Not only would implementing an MFA in your enterprise protect you, but it will also protect your customers & clients. 

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Examples of Multi-Factor Authentication  

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With our evolving technology, there are various examples of multi-factor authentication. Here are a few common and valuable examples of MFA: 

• Passwords 

• PIN NUMBER (or personal identification numbers). 
• Answers to ostensibly private topics (such as "What year were you born?" or "Your first ballet teacher’s name.") 

For years, something the user has known as possession factors has been the core of protection. A key is the most basic version, which opens a lock. The circumstances affecting possession are more complicated now, but the concept remains the same. An example of what the user has for MFA is: 

• Authenticator by Google (an app on your phone) 
• An SMS text message containing a code 
• Token of softness (also called software token) 
• This is a hard token (also called hardware token) 
• A badge of security

Why You Need MFA in Your Enterprise 

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MFA is an extra layer of protection against data breaches and malicious attacks. 

MFA also entails the use of two or more distinct factors in permitting users to access sensitive data, requiring users to prove their identity with more than one device.  

Enterprises need to use more secure MFA methods, such as Google Authenticator or Microsoft Authenticator, which are both application-based MFA. Besides, it also allows for secure remote access to the company network, allowing employees to work safely from home or while on the road.  

Doesn’t this sound amazing?  

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If You Don’t Have It…  

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Sometimes employees fall for phishing schemes and share passwords, and if you aren't using multi-factor authentication (MFA), your enterprise is vulnerable to cyber-attacks. 

After all, the risk of compromised credentials is a large, if not the biggest, security problem today. And the rationale is straightforward. When a cybercriminal gets a set of business credentials, they use stolen but legal login credentials. All of your security tools will then assume that the person signing in is the same person who has the credentials… Dangerous right? 

Remember that, the entrance is fully open to hackers without user authentication.  

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Start Now 

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MFA is almost mandatory to have in today’s society. If your enterprise does not have MFA, you are almost asking for a cyber-attack to occur. To sum up, hackers have found so many ways to invade enterprises data and MFA blocks this for them. So, book a free consultation call with us to find out how we can implement the best one into your enterprise. Remember, prevention is valuable.

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