Imagine a door with no lock; this makes it very easy for an intruder to get in.
So, you put a lock on it; now, there is one layer of security. But behind this door are your most valuable possessions, so you invest in a card or thumbprint reader that must be used in union with the key to unlock the door. Now you have multiple layers of security.
A skilled intruder may attempt to get in, but it would take them much longer and they would most likely move on to the next victim.

What is Multi Factor Authentication?

Multi factor authentication identifies users by validating two or more “factors” or characteristics that are unique to that user. The different factors are usually something you know, something you have and something you are.

For example, the ‘something you know’ would be a password, and the ‘something you have’ would be a one-time code sent to your smartphone.

Cybercriminals have nearly over 15 billion stolen credentials to choose from. If they do choose yours, they could take over your bank accounts, health care records, identity and more.

Multi factor authentication is critical, as it makes stealing your information harder for the average criminal—the less appealing your data, the more likely it is that thieves will choose someone else to attack.

The benefits of Multi-Factor Authentication

Numerous businesses have adopted MFA, given the realities of today’s security landscape and protocols.

With compliance standards like GDPR requiring high-level security policies, MFA’s presence will only continue to become more widespread.

The reasons for MFA’s presence in today’s world

MFA Enables Stronger Authentication
Reducing the risk of cyber-attacks is imperative for businesses; that’s why multi factor authentication is growing. In a world where credential harvesting is a persistent threat and weak passwords cause nearly 80 percent of hacking-related breaches, this kind of bulletproof authentication solution is essential. A cyberattack that a more robust password could have prevented will have enormous consequences for the business and its customers who trust them.

MFA adapts to the changing workplace
Covid-19 has led many businesses to either become remote or hybrid businesses. This means that many companies will require more advanced multi factor authentication solutions to ensure that their data is safe and not being exploited. Adaptive multi factor authentication will evaluate the risk a user presents whenever they request access to an account. It will look at details like the user’s device and location.

An employee logging in whilst at the company’s premises may not be prompted for an additional security factor due to the location being trusted. But if they were to be working from home or using an unsecured WiFi network, they will be asked to verify an additional factor. This is because the network doesn’t trust their location, device, or connection.

Offering security without compromising user experience
We know that passwords are a pain to remember, especially when you have thought about having a new password for each account. Still, it’s not surprising to read that the more users must remember, the lazier they become with their password habits.

Multi factor authentication secures the environment, the people in it, and the devices they’re using without requiring endless resets or complicated policies. Businesses can also make it easier for users by providing them with various factors to choose from or only requiring additional factors when necessary. They are also relatively inexpensive and extremely easy to deploy.

So instead of asking yourself why you need to enable Multi Factor Authentication, it’s time to ask yourself why you haven’t already done it.

If you need some help, please contact us at SCS Technology Solutions, we’re happy to help you improve your online security!