Multi factor authentication (MFA) is a technology that many organizations are takingadvantage of these days, and you should consider doing the same whether you are a small or large business owner. It is a security system that requires two or more methods of authentication from different categories that verify the identity of a user to log in. This technology is a major component of a secure network. Think of it like an ATM, where both a physical card and a personal PINare required for one to be able to access information about any given bankaccount.
So, what are the benefits of multi factor authentication? One of the benefits of this technology isthat it increases security with third parties and organizations. If you are alarge corporation, third parties are likely accessing your systems for various business reasons. Depending on your size, the amount of people coming in and out of your system could be in the hundreds or thousands, which is not easy to keep track of. Adding another form of authentication, be it mobile, biometric, orphysical, creates a layered defense.
Another benefit of multi factor authentication is that it better controls who hasaccess to your files. Instead of using just passwords that can be passed around or duplicated, multi-factor authentication helps an organization define who does and does not have access to any sensitive or confidential data. According to the 2021 Ponemon report, 51 percent of respondents surveyed are not assessing the security and privacy practices of third parties before granting them accessto sensitive and confidential information. Additionally, 65 percent of therespondents have not identified the third parties who can access the most sensitive data in their organization.
By using two or more factors, not only is access limited, but it can also ensure thatwhoever is able to access data is, and only is, the individual listed as having access.
For more information on the benefits of multifactor authentication, visit our website at https://authid.ai/
