Passwords have been the main form of authentication since the start of the internet. Thanks to constantly evolving forms of cyber attacks like Data breaches, Malware, or phishing, it’s nearly impossible to stay completely safe and secure with just a single password. This is where Two-Factor Authentication (TFA) comes in.
So what is two-factor authentication?
Two-factor authentication (2FA), also know as multi factor authentication (MFA) is a method of establishing access to an online account or computer system that requires the user to provide two different types of information. With the use of Two-factor authentication you’ll need to do both provide a password and prove your identity in some other way to gain access. For example:
- Verification codes – Like a secret passcode sent to a cell phone that must be entered to login
- Answers to personal security questions – Like sharing the city where you were born or your first pet’s name
- Biometrics – Like facial recognition or a fingerprint scan
To further understand the importance of TFA, here are some statistics:
- 90% of passwords can be cracked in less than six hours
- sophisticated cybercriminals have the power to test billions of passwords every second with automated robots
- Two-thirds of people use the same password for all logins
There are many different forms of MFA available; all of them are designed to provide a way of proving a login is legitimate in addition to the use of a password. Over time with more possibilities for data breaches, more and more businesses are moving to 2FA to secure their information. We recommend Duo MFA and you can learn more by clicking here.
The real questions that you should ask yourself as a business owner
1- Do you want enhanced security?
a) the use of TFA decreases the possibility of a hacker gaining access to computers, accounts, or other confidential resources. Even if a hacker acquires a password he will not have access to the second element needed to authenticate.
2- Do you want increased productivity and flexibility?
a) With 2FA employees can security access corporate applications, data, documents, and systems from any device or location, without putting confidentiality at risk
3- Do you value fraud prevention?
a) Somewhat of a no brainer. Any business would value fraud prevention. Fraud can have a direct impact on financial results, loss of trust, credibility, and brand value alongside customer relationships. 2FA is the super hero of security right now.
2FA allows you to bring your security to another level, and is probably one the most important implementations for any modern business. Protect your company and customers!
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