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Why is it mandatory to use Multi-Factor authentication?

March 22, 2021
Every day we see a growing number of news involving cases of data-stealing, leaks of confidential files, among several other security breaches. As these incidents become more common, it is crucial to consider using solutions that strengthen your company’s security posture management.
Multi-factor Authentication (MFA), also known as Two Factor Authentication (2FA), can be an excellent alternative to hinder attacks and leaks. By applying these verification principles to your personal and professional accounts, such as e-mail, social media, and others, you protect your information and accounts more efficiently without hampering your workflow.

What is Multi-factor Authentication?

This technology may already be familiar to you, as many banking and financial institutions require a password and one of the following options to log in:
  • Call for confirmation
  • E-mail containing password
  • SMS containing code
Multi-factor authentication is a security process that requires more than one authentication method from independent sources to verify the user’s identity. In other words, the user only gets access to the system after providing two or more pieces of information that uniquely identify them.

How does Multi-factor Authentication work?

There are three categories of credentials: something you know, something you have, and something you are. In the first category, the system requires a password or PIN. In the second, it can request a security application (Token), verification text, or smart card. The third category includes digital printing, facial or voice recognition.
With multi-factor authentication, your credentials must contain at least two different categories. One of the most common methods is to log in using your username and password. Then, the system sends a unique code to your phone or e-mail, and you must use it within the stipulated time. This unique code is the second factor.

2FA vs. MFA: what’s the difference?

Many people believe that there is a big difference between the two modalities. However, Two-Factor Authentication (2FA) is only a way to enable MFA. What matters is that using at least two factors, you’ll already count with multi-factor authentication because of the extra security barrier used to block unwanted access.

Why use Multi-factor Authentication?

Attackers can easily circumvent credentials that rely only on a password. With MFA, you add an extra layer of security to make it harder for cybercriminals to work. It is a solution that drastically decreases the attack possibilities without delaying the users’ side.
Your company should use MFA on sites that contain confidential information and whenever enhanced security against unwanted access is desirable.
The US National Institute of Standards and Technology (NIST) recommends using multi-factor authentication whenever possible, especially when it comes to more sensitive data - such as your primary e-mail, financial accounts, and health records.

Activate MFA immediately!

Despite being subject to failures when you don’t count with complementary protection, multi-factor authentication remains a highly effective security measure. If you already have the option to enable it, take this initiative to secure your data and identity as soon as possible.
Usernames and passwords are no longer sufficient to protect accounts with access to confidential information. By using multi-factor authentication, you can keep your accounts safe and reduce the risk of online fraud.

Source: HiveCore Enterprise Solutions LLC

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