In today’s technology-driven world, businesses need to continually improve digital security systems to protect their important data. It’s essential to have the right tools available for password protection to make sure your business doesn’t become a victim of cyber attacks.
Multi-factor authentication is one of the best ways to provide more security for your business right now. Here are some of the key things you need to know about this security method.
Basics of Multi-Factor Authentication
Multi-factor authentication, or MFA, requires employees accessing information to use 2 or more methods to verify that they are the person who matches the login credentials. The first method is usually entering a system password, and the second method requires an additional step, such as a phone verification, a designated physical device like a key fob, or a biometric verification like a fingerprint.
While hackers used to only have to get past a single password to get entrance into protected data, multi-factor authentication adds an additional layer of security. That security makes a big difference, because MFA use can block 99.9% of hacking attempts. It’s a simple fix that can save businesses from devastating breaches.
How MFA Thwarts Attacks
There are many ways in which cybercriminals attempt to access digital information. Many utilize password hacking to log in to user accounts with cracked or decrypted passwords. Hackers can also spoof company email information to disguise links as business correspondence, tricking employees into giving away their login information.
Cybercriminal tools are sophisticated and work quickly, so businesses may never know they are compromised until they have a dangerous malware in their system. MFA works to provide secure password protection to block to these entrance attempts. Even if an employee’s password was compromised, an outsider can’t use their login without being required to verify with a second method.
Why You Need Password Security Now More than Ever
Cyberattacks are rapidly growing in their frequency and scope. 22% of businesses reported in 2017 that they had to put business on hold because of a malware attack. These attacks result in huge losses in time and productivity and can have major financial consequences.
Due to the recent increase in remote work, employees working from home often have fewer of the online protections than they did in the office. Many employees may now be using their own devices, which have fewer firewalls and protections on their home networks. Those using personal computers for work and home might accidentally risk compromising private work data. Businesses have to prioritize security before convenience, and instituting MFA is a simple way to increase safety.
Don’t Leave Your Business Unprotected
MFA is an easy way to add essential protection to valuable company information. Taking a few steps now to add additional security measures can save your business from many headaches later. A managed service provider can help you set up MFA for password protection and assist your team to institute other available cybersecurity measures.
A reliable IT company in Boca Raton like CompuLab can offer personalized security solutions for companies in all industries. A quality IT service provider can ensure that your business is protected from cyber threats, so that you can focus on the future of your company without fear of outside attacks.