Multi-Factor Authentication

Multi-Factor Authentication (MFA)

To succeed, Cyber criminals only need to wait and exploit any one of a number of attack vectors for security breaches. Weak default or stolen passwords from phishing and other attack methods provide an open door.

Today, it is more important than ever to KNOW who is connected to your platform, be they staff, clients or partners. That’s why it’s never been more important to confirm their identity and it’s also never been easier.

It is now possible to quickly and easily increase security with cloud-delivered, multi-factor authentication (MFA), without sacrificing the user experience.

If you are involved in the banking or financial industries, then you will need to extend MFA by the mandatory implementing Strong Customer Authentication (SCA). Which can be more complex than expected, especially when a good customer experience is required!

There are many good reasons to implement MFA some of these are below

Identity theft is an easy for criminals to accomplish, low-risk, high-reward type of crime and a threat to all businesses. It is the fastest-growing type of crime and is now more profitable than drug-related crimes.

Weak or stolen user credentials are hackers' weapon of choice, used in 95 percent of all Web application attacks.

According to Tech Republic data breached increased 54% in 2019.

Headlines tend to belong to the household-name companies, but they are not the only companies being targeted. Of all targeted attacks, 31 percent are aimed at businesses with fewer than 250 employees.

Anti-virus systems and advanced firewalls are necessary security elements, as are vulnerability tests. Without user authentication, though, the front door is wide open to intruders.

Password theft is constantly evolving as hackers employ methods like keylogging, phishing, and pharming.

Cyber criminals do more than merely steal data. Often they destroy data, change programs or services, or use servers to transmit propaganda, spam, or malicious code.

Employees are already accustomed to authenticating themselves in their personal lives, as providers of online services like home banking, gaming, social media, and email have all adopted mobile-based tools to effectively authenticate their users when accessing their systems.

MFA addresses all of these issues, providing a level of authentication Proportional to the risk.