Why is Multi-Factor Authentication Important for a Business?
Simply put, it adds an additional layer of security to protect your network and everything connected to it from misuse and unauthorized access.
- It isn’t just the large companies being hacked these days. Over 30% of the companies being targeted have less than 250 employees.
- Anti-virus programs and advanced firewalls are necessary security elements; however, they may not be enough. Without user authentication, the front door could be wide open to intruders.
- Password theft is constantly evolving as hackers incorporate more advanced methods such as phishing emails and automation.
- Weak or stolen user credentials are hackers’ weapon of choice and are used in over 90% of Web application attacks.
- Hackers do more than just steal data. They also destroy data, change programs or services, or use servers to transmit spam or viruses which will harm a company’s reputation.
Multi-factor Authentication (MFA) is defined as a method of computer and/or network access control in which a user is granted access only after successfully presenting several separate pieces of evidence to an authentication mechanism-typically at least two of the following categories: knowledge (something they know), possession (something they have), and inherence (something they are).
Multi-factor authentication is most commonly used for remote access to a business’s network; however, it can also be implemented in the office atmosphere at the device level. Employees are already accustomed to multi-factor authentication in their personal lives so it isn’t anything new to them.
Two-factor Authentication (also known as 2FA) is a method of confirming user’s claimed identity by utilizing a combination of two different components. Two-factor authentication is a type of multi-factor authentication.
Most everyone has been to an ATM to withdraw money at some point in their life. All ATMs use a two-factor authentication method. The user has to provide two forms of authentication to prove who they say they are when withdrawing cash; by using their bank card (something the user possesses) and a PIN (something the user knows) allows the transaction to be carried out.
There are affordable multi-factor authentication programs out there for every business size. Speak with your IT Department or IT Provider for the solution that will best protect your business and assets.