You need to invest in a good multi factor authentication solution if you want to make your business systems and data secure from attacks. Multi factor authentication is used to authenticate if the identity of a user is genuine. This technology requires a user to present two or more pieces of evidence, or factors, for authentication. The key goal for MFA is adding additional authentication factors to increase security. The well-designed MFA strategy strives to maintain a balance between added security and user convenience.
There are various benefits of using ID verification in your business. One of them is that it enables stronger authentication. The primary objective of multi-factor authentication is reducing the risk of account takeovers and providing additional security for users and their accounts. Because over 80 percent of cyber breaches happen because of weak or stolen passwords, multi factor authentication can provide added layers of security that is necessary to protect users and their data. If one of the factors, like a user’s password is stolen or breached, the other factors will provide an additional layer of security and assurance of the user identity.
Multi factor authentication provides more layers of security compared to 2FA. You can make it mandatory for both employees and consumers to verify their credibility using a password, time-based one time password (TOTP), as well as Google Authenticator. This way, you can ensure the end-user is verified.
Because of the multiple layers of security provided by MFA, you can make sure that the consumers looking for access are who they claim to be. Even if hackers steal one credential, they will be forced to verify identities in another manner. Therefore, the companies that store consumers’ confidential details should opt for more than two authentications to help them build and maintain consumer trust.
For more information on the benefits of using a multi factor authentication solution, visit our website at https://authid.ai/
