The Importance of Multi-Factor Authentication

Digital fingerprint login multi-factor authentication

Doing nothing is no longer an option as cyber criminals are no longer targeting just large corporations.

Doing nothing is no longer an option: maintaining security for your business’s data–and your customers–has become more critical than ever. If you aren’t actively protecting your business, you can experience downtime (which can mean an expensive loss of income, not to mention the loss of employee labor during your downtime) or lose data. Turning to multi-factor authentication can offer a number of key benefits for your overall network security.

Benefit #1: Weak or stolen credentials play a role in a high percentage of cyber attacks.

Weak credentials, like poor passwords, can make it easy for hackers to break into your company’s system. Worse, when a hacker steals a worker’s credentials, they can often access your company’s data almost entirely unnoticed. A high percentage of cyber attacks begin with weak or stolen credentials that then allow the hacker full access to the system. The higher up the person the stolen credentials come from, in many cases, the more access is provided to the hacker due to those stolen credentials.

Multi-factor authentication makes it harder for hackers to log into your system.

Instead of relying on those weak credentials, multi-factor authentication uses something unique to the user–a phone number, for example–to add an extra layer of protection when they attempt to log in. While it’s not impossible for hackers to work around this barrier, it does slow them down substantially.

Benefit #2: Multi-factor authentication is easy to implement.

You  may already use multi-factor authentication in many areas of your life, often without realizing it. When you forget your email password, for example, the system may trigger a text alert that lets you access your account. It’s a quick, easy method to add an extra layer of security–and it’s one that even your most technologically-challenged team members will be able to easily add to their arsenal.

Benefit #3: Password theft is getting easier.

Tricks like keylogging and phishing are becoming increasingly common, and more hackers than ever have the keys to unlocking your password. Through multi-factor authentication, on the other hand, you make your private data much more difficult to steal–which can in turn create a substantial layer of protection around your entire company. You don’t want to leave your customers or your data at risk–and multi-factor authentication can offer the protection you need.

Benefit #4: Multi-factor authentication helps show the effort your company is putting toward cybersecurity.

Today’s customers are savvier than ever. They understand the threat represented by hackers and other cybersecurity challenges, and they want to know that your company is taking the right steps to protect their private information. When you require multi-factor authentication, you let your customers know that you genuinely care about their security and are willing to take the right steps to protect them.

Benefit #5: Multi-factor authentication can actually streamline workflow.

One of the biggest objections to multi-factor authentication is that it can make it harder to log into the systems you use every day. The reality, however, is that multi-factor authentication is fast. Most of today’s systems deliver a text within seconds, allowing you to quickly log into the system and access the information you need–but they also provide a substantial layer of protection that makes it much more difficult for a hacker to access company data. Advances in technology continue to streamline the process, making it easier on your employees and customers without decreasing the protection added by those elements.

You can no longer afford to do nothing when it comes to securing your company. If you’re ready to take the leap and protect your business and your customers with multi-factor authentication, contact us today to learn more about how we can help.

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