Investing in good multi factor authentication solution can play an important role in improving the security of your business systems. No single system is one hundred percent safe from attempted attacks, but adding multi-factor authentication, especially if the system interacts with third parties, can be a major line of defense. The following are some of the advantages of multi-factor authentication.
Multi-factor authentication offers various choices to meet your security needs. It is made up of three common credentials, namely what the user knows (a password), what the user has (a security token), as well as who the user is (a secure biometric verification). Even though at least two of these credentials need to be employed for MFA, which ones and the breadth of access for both parties can be adjusted to meet logistical and security needs of a company. Additionally, simple solutions such as adaptive MFA, push authentication and single sign-on can be easily implemented.
Another benefit of implementing ID verification technology in your business is that it can help meet regulatory requirements. HIPAA compliance requires that all access to ePHI is restricted to authorized personnel only. If you implement technical safeguards that prevent unauthorized access, such as multi-factor authentication, you can be able to accomplish this while also examining access, another HIPAA compliance requirement.
Similarly, various government institutions are supposed to adhere to the CJIS Security Policy, which requires government cyber security to implement multi-factor authentication. This security protocol playing a critical role in protecting an organization while meeting external requirements.
MFA also takes away password risks. The problem with passwords is that they can be easily cracked or guessed. Over 65 percent of accounts use duplicated passwords, so if a bad agent were to find the password for an employee’s email account, there is a 65 percent chance that they have also just found the password for secure or sensitive information deeper in the network. Using unique, complex passwords can help, but it is even better to use multi-factor authentication.
For more information on the benefits of a multifactor authentication solution, visit our website at https://authid.ai/
