Why Multi-Factor Authentication Matters More Than Ever
- 7 hours ago
- 3 min read
Multi-Factor Authentication (MFA) is what stands between a hacker and all of your business's internal and external data. Not having MFA is comparable to leaving your front door unlocked; you're leaving yourself and your business open for attack! While waiting for the code can be inconvenient, it’s a small step compared to the fallout from a security breach, which can cost your business time, money, and reputation.
Cybercriminals are only getting smarter and more persistent, and traditional passwords, especially those built from pet names/birthdays/simple phrases offer little protection. In short, MFA isn’t just an IT best practice, rather a critical safeguard that protects your business, your employees, and your customers from the devastating consequences of cyberattacks.
What is Multi-Factor Authentication
Multi-factor Authentication (MFA) is a security process that requires users to verify their identity using two or more factors before accessing their account. MFA utilizes things that you know, devices registered to you, or biometric features to ensure that it is you who is accessing your sensitive information. Passwords are often used throughout all of your accounts due to the ease of not having to remember multiple passwords. If you are thinking, "My Password is strong, I don't need MFA", you are still at risk!! Hackers don’t just guess your passwords out of sheer luck, but through data breaches, malware, and phishing emails. Once your password is compromised, the effects can be almost immediate, and sensitive information can be pulled and stored for later use. With Multi-factor Authentication, there is that added security measure of needing your authorization, but also a warning via email or text that someone who may not be you is attempting to access your account.
How Does MFA Protect Your Business?
Prevents Unauthorized Access - If a hacker obtains your information, they will still need that second verification factor. Without that verification, their access will be denied, and you will be notified that someone tried to access your account.
Reduces your involvement in Data Breaches - MFA significantly lowers your chances of data breaches and helps protect customer data, financial records, and internal systems.
Protects Remote & Hybrid Workers - 34.3 million people in America work from home and require secure access. MFA ensures that only authorized users can access and connect to the company system. (Remote Work Statistics)
What Are the Types of MFA?
Text Message Codes (SMS) - When you enter your username and password, a one-time code is sent to your phone that you can copy and paste. Most phones nowadays will actually generate the code and make it available to click from your keyboard to enter, making this method quick and easy. However, getting codes to your phone can still carry a slight risk.
Authenticator Apps - This is an app that is installed on your phone and allows the one-time code to go to this app rather than your phone.
Push Notifications - This method is used when logging into a new device - the new device will send a notification to a device that you are already logged into. From here, you can click "Approve" Or "That was me".
Biometric Authentication - This method utilizes facial recognition or fingerprint scanning to grant access.
In conclusion, cyber threats are here to stay, but it is possible to stay ahead of them and keep your information and your business safe. Multi-Factor Authentication is easy to use, effective, and a powerful layer of defense against Cyber attacks. Now that you have learned about MFA, you may be wondering what threats are currently targeting you and your business. Find out what gaps you have in your organization's security and how Mapletronics can help close those gaps and protect your business.