Passwords are the most common form of security out there, yet they are easily obtained by unwanted sources. This is why identity theft is the fastest growing type of crime for businesses around the world. Despite this, there are still many organisations out there who depend on the use of a simple password in order to gain access to personal data. Having further security measures in place, like multi-factor authentication, can be the defining feature in preventing cyber attacks.

What is Multi-factor Authentication (MFA)?

Multi-factor authentication is when at least two identifying factors are required to be verified before granting access to information. In addition to a username and password, this can be in the form of a code sent by text, mobile app notification, an answer to a security question or a fingerprint, just to name a few. Access is denied when any of the information given is incorrect.

Why should my business use MFA?

Cyber crimes are on the rise, with 43% of businesses reporting a cyber security breach in 2017.

Passwords and usernames are becoming far too easy for cyber criminals to access. It’s more than just data they are after too. Hackers will do more than just steal data; they can destroy any data and manipulate systems, providing an even bigger, more costly problem for any affected organisation. Having at least one other form of security on top of a password will help deter potential cyber attacks and data breaches.

Added security

As above, the biggest benefit to MFA is the extra layer of security it gives. Even if passwords/usernames were breached, another form of identification would need to be given in order to gain access. This can be significantly more difficult for would-be hackers, especially if the authentication required was through something personal to the user, such as a text alert through mobile or a fingerprint.

Meeting compliance standards

There are many industries that are subject to strict compliance regulations when it comes to data protection. MFA can often help with these requirements, alongside other technologies such as data encryption and data loss prevention.

Simple sign-in process

MFA in conjunction with single sign-on actually makes logging in easier as well as being more secure, saving users the hassle of having to sign into every application separately. It can be configured to allow for a more simple, single sign-in process that allows the user to access multiple systems once they have been verified.

Talk to our cyber security experts

Want to ensure your company’s cyber security is up to scratch? TechAlign offer a number of solutions that keeps your company, customers, and employees safe, including our new TechProtect service. Find out more about our vendor-neutral IT services, and contact us to discuss your business’ requirements with our knowledgeable team.