It is important to understand the benefits of multi factor authentication if you are thinking of using this technology in your business. It is a wonderful technology to adopt because it reduces the risk of security breaches from occurring and keeps data safe. Back in the day, requiring a static username and password to access an account seemed sufficient for security, but weak or stolen passwords have been used to execute fraud attacks and data breaches when they are the only form of authentication required, making it very necessary for companies to look for alternative technologies.
Using multi factor authentication to bolster password security with another form of authentication has been tested and proven to keep hackers out of your systems. According to Microsoft, this technology can prevent 99.9% of attacks on your accounts.
So, what exactly is multi factor authentication and how does it work? Authentication at the most basic level requires proof that users are who they claim to be. MFA takes it step further by requiring the users to provide proof from two or more authentication factors before they are granted access. A hacker or unauthorized user may be able to steal a password or purchase it on the dark web, but for them to be able to gain access to a second authentication factor is slim and requires much more effort.
Consequently, multi factor authentication helps stop most bad actors before they can enter your systems and gain access to your data. So, if you are not yet this using technology in your business, you should consider implementing it because it is going to benefit you in many different ways.
For more information on the benefits of multifactor authentication for businesses, visit our website at https://authid.ai/
