Multi-Factor Authentication – Learn Everything about It
What is Multi-Factor Authentication
In this technologically advanced era where everything is being done online, the demand for an extra security has been increasing day by day. From online shopping to banking, everything is being made simpler and easily approachable to users but with that simplicity, risks of data and identity theft is coming too. To mitigate this risk while taking advantage of technology, an extra layer of security is required along with the usual single layer of security like user name & password, PIN, etc.
MultiFactor Authentication, in short called MFA, provides that extra layer of security without adding any extra load on the users. In other words, MFA can be defined as a security system that demands more than one type of authentication to verify the authenticity of users, IT administrators, and developers. With an easy to use authentication system it simplifies the identity and access management.
Who can use Multi-Factor Authentication
Multi-Factor Authentication is the need of an hour for every organization that deals with crucial data and is much concerned about identify and data theft. Financial organizations like banks, loan providers, and organizations that work in client-user based environment are often concerned about the identity management and access management and therefore, it is best suited to them. However, it is not just limited to such organization because any organization, small or large, can take advantage of Multi-Factor Authentication to ensure simple yet secure identity and access management.
Why Use Multi-Factor Authentication
Multi-Factor Authentication system is proven the best solution to install an extra layer of security in an organization. Once this system is installed, all risks related to users identity theft and illegal system access are mitigated effectively without installation of an extra hardware. It is a cost-effective yet the most beneficial system that ensures toughest security without putting an extra load of remembering a new user name and an extra password on employees. If employees are asked to memorize more passwords then the chances of security breach increase as well because every employee cannot just memorize an array of user names and passwords.
How Multi-Factor Authentication protects your organization
Just imagine that due to weak security in your organization’s access management system, one day someone got access to the system with most crucial and personal data available. And, after that, the person takes backup of the data for personal use and then deletes it from your system. Even if the person does not delete it from the system, he has gotten access to that crucial data and now he may use it for his own benefits. In either of the cases, you would have been in big loss.
Multi-Factor Authentication protects your organization from such illegal access and thereby, keeps all the crucial data safe. Passwords can be stolen by means of social engineering but the extra layer of security that a Multi Factor Authentication system adds cannot be broken.
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