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How Effective Will MFA Be to Provide Enhanced Security?

By Enterprise Security Magazine | Thursday, January 23, 2020

Multi-factor authentication enables organizations to protect themselves from cybercriminals easily and effectively.

FREMONT, CA: Multi-Factor Authentication (MFA) is a security system that verifies a user’s identity through multiple credentials. It is an effective way to provide enhanced security. While traditional methods are no longer useful as the usernames and passwords can be stolen, MFA creates multiple layers of security. It requires other credentials like a one-time code from the user’s smartphone or security keys, the answer to a security question, biometrics like a fingerprint, or facial recognition. In short, MFA is a process that requires one to prove who they are in more than one way. Banks, utilities, and social media platforms are increasingly using this technology every day to protect private data. MFA has low complexity and can be rolled out quickly at a meager cost.

MFA is of utmost importance as identity theft has become a high-reward type of crime and threat to all businesses. The malicious actors ate stealing user credentials as it is their weapon of choice in nearly 95 percent of all web application attacks. Also, cybercriminals not merely steal data but destroy data. Therefore, organizations should categorize business-critical data and add MFA on top.

Credentials are of three categories that include something you know, something you have, and something you are.

• “Something you know” can be a set password or PIN that one can use to access an account, and the PIN doesn’t change typically.
• “Something you have” which is a security token or app that provides a randomly-generated number that changes frequently. In other words, it can be a badge that is revealed only to the user. It may include verification texts, emails, or calls that one must respond to before accessing an account.
• “Something you are” includes fingerprints, facial recognition, or voice recognition.

Although business owners have installed antivirus software, firewall, deployed encryption technology and run vulnerability tests periodically, it is of no point if multi-factor authentication is not in place, other security measures can be bypassed.

See Also: Top Enterprise Security Consulting Companies

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