Do cybersecurity threats give you nightmares? You're hardly alone!
Yet the latest cybersecurity technology is out there, waiting for adoption. Multi-factor authentication (MFA) is growing in popularity as more businesses come to understand its benefits.
Deploying MFA alone could block 99.9 percent of unauthorized access attempts.
If you're lacking confidence in your cybersecurity, it could hold the answer.
Not convinced?
Here are 7 benefits of multi-factor authentication.
The most obvious benefit of MFA is its ability to protect user accounts. By adding an additional step to verify the user's identity, MFA leaves hackers out in the cold.
A hacked password is no longer enough to access the system.
This extra step is enough to stop most unauthorized access before it begins.
For a security solution, multi-factor authentication is easy to deploy, cheap, and robust. That alone makes it popular, as many security solutions are labyrinthine, expensive, and difficult to manage.
It may require end-users and employees to make some changes to their habits, but it's painless compared to some of the more expensive cybersecurity options out there.
Getting users to take security steps has always been an uphill struggle. One reason for MFA's popularity is that it keeps things simple.
With MFA, users only have to follow a short, intuitive set of instructions. Once MFA has been set up, users need to follow the steps to gain access, ensuring compliance.
Weak passwords are an endemic issue among users. No matter how complicated the password requirements, users will always opt for the simplest password available.
Even where the format of the password is complex, users will happily use their own personal information, making passwords vulnerable to social engineering.
As a business, you need to worry about more than just user accounts.
If your customers hold accounts with you, a lack of MFA could leave them open to identity theft.
This essentially multiplies the damage your customers could suffer as a result of poor security. With MFA, it's much harder for bad actors to steal customer data for cloning.
Security experts around the world agree that MFA is currently one of the powerful ways to protect against unauthorized access.
The statistics speak for themselves. The result is that more companies than ever are using MFA, from banks to video game storefronts.
Multi-factor authentication doesn't simply protect your business and users moment-to-moment. It also protects the long-term future of your brand.
Plenty of companies have already seen their names splashed across the headlines due to cybersecurity breaches. This kind of backdraft can cost users, the brand's reputation, and its chances of future success.
The benefits of multi-factor authentication are obvious to those who know even a little about cybersecurity. It's no wonder that MFA has become a holy grail of modern cybersecurity, so it may be time to think about deploying it for your business.
Looking for more security tips? Be sure to check out our IT security section.
