The goal of multi-factor authentication (MFA) is to establish a layered defense that improves identity security by increasing the difficulty of accessing password-protected data. With MFA, even if one component is compromised, the unauthorized user still needs to go past several obstacles in order to enter the target network. It also performs these tasks:
More than 65% of businesses have experienced at least one cyberattack in the previous year. These attacks can cost companies thousands of dollars in addition to causing information leaks that could be sold to third parties or put on the dark web. By ensuring that essential information is only accessible to those who possess the necessary credentials, multifactor authentication (MFA) helps organizations avoid security risks, breaches, and other operational disruptions.
In many different industries, remote work is quickly becoming the norm. This raises worries and questions about how companies should protect their remote workforces. The COVID-19 pandemic has contributed to a 67% increase in remote work, with 43% of workers indicating that they would prefer to work remotely full-time.
Businesses want a dependable solution to safeguard sensitive company data and their remote workers since remote workforces are here to stay. Because a complete multi-factor authentication solution requires end users to submit two or more credentials in order to access systems or accounts, it can help prevent unauthorized users from remotely accessing employees' platforms. When there is a heightened risk, advanced MFA protection gives remote workers the means to be safe and productive.
In recent years, the majority of regulatory bodies have created strong MFA and device visibility guidelines. Therefore, regardless of the industry, the proper MFA solution should assist in navigating these criteria to prevent expensive fines and guarantee ongoing compliance. We have created a blog post specifically detailing MFA mandates broken down by industry. To learn more about MFA in healthcare, enterprise, international, federal, retail, and financial settings, read our post here.
Responding to data breaches requires an enormous amount of money and effort. Internal IT teams must do a number of actions following a cyber-attack that requires a tremendous amount of work in order to resolve the issue before more harm is done. Companies reduce the risk of breaches by proactively implementing multi-factor authentication. This strengthens their network infrastructure. Internal IT departments can focus on more productive and business-critical tasks instead of rushing to put out preventable cybersecurity fires when the attack surface is reduced.
Since attackers can obtain personal information through a variety of methods, anyone can fall victim to identity theft attacks. MFA is a crucial instrument for preventing identity theft of customer data. By putting this precaution in place, an extra degree of security is added to the username and password login process. To access their materials, an end-user requires two pieces of information. MFA imbues authentication with mindfulness. MFA protects both the person and any potential affiliation with a corporation or organization by assisting in maintaining the security of your personal information.
Companies are embracing cutting-edge technology, such as AI-focused projects, corporate cards, and machine learning. However, businesses also need to ensure that the mechanisms in place to safeguard the data and resources associated with them are effective and efficient. As cybercriminals craft increasingly intricate and cunning methods of breaking into networks, companies need to fortify not just their internal defenses but also those of their personnel. MFA offers affordable and straightforward protection for both consumers and the company because it is simple and can be implemented without going over budget.
Our team of experts have seen the landscape of MFA and access technology grow and change over the years. Since the company's founding in 2001, we have been dedicated to bringing a more secure future to businesses and organizations across industries. You can view our expansive product options here. If you desire to implement MFA across your organization contact us today, our sales engineers would be happy to help secure what matters most.