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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.

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