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What are the Benefits of Multi-Factor Authentication?

By Enterprise Security Magazine | Friday, July 17, 2020

A multifactor authentication (MFA) helps secure a digital identity as a part of an organization’s identity access management efforts concerning its security policies.

FREMONT, CA: Management of user login access to data resources, to reduce the risk of unauthorized access, is a substantial challenge. There are transparent benefits of having a robust password policy and a reliable authentication process. The best practices for a more robust login security policy include creating stronger and complex passwords and changing passwords regularly. However, depending only on a single username and password, regardless of the complexity of the password, creates vulnerabilities if the login credentials are compromised. Combining a multifactor authentication process with a strict password policy is more secure than ever.

Top 10 Multifactor Authentication Companies in APAC - 2020Benefits of MFA Authentication

1. MFA and Regulatory Compliance

HIPAA (for medical records) and PCI (for payment card transactions) regulations need MFA to secure those systems for legal compliance.

2. Zero-Trust Policy

A zero-trust policy means that every login attempt is not trustworthy. MFA is a crucial part of this process because of the added authentication increases the probability that the person attempting a login is the person who is authorized to do so. The most robust authentication applications of MFA needs three or more independent security verifications.

3. Meeting NIST Level of Assurance Standards

The National Institute of Standards (NIST) has a Level of Assurance (LoA) standards that demand MFA use. The NIST SP 800-63 rules are the technical aspects needed for authentication systems used in electronic commerce and government operations.

Artificial Intelligence and MFA

Artificial intelligence (AI) programming is now being extensively used in financial systems. Data mining of Big Data develops analytics that uncovers suspicious-activity patterns. AI is utilized to improve authentication algorithms via machine learning. These systems anticipate unauthorized access and block fraudulent transactions.

MFA is part of a comprehensive strategy to enhance security with more robust authentication methods. Organizations should require employees to use it. When given the option to use MFA, individual users should take advantage of the added protection MFA provides.

See Also: Top Big Data Consulting/Service Companies

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