What is it and why is it important?
The average American has 150 online accounts . These accounts all have one thing in common, they require the owner of the account to have a username and password. The process of entering these credentials is called authentication: proving you are who you say you are. Unfortunately, this alone is not secure enough especially when it comes to things like online banking or your business. Usernames can be easily found by hackers— oftentimes it can be as simple as knowing their target’s email address. And let’s be honest: passwords are hard to remember, which often leads to people creating very simple ones and using them across multiple different sites. In fact, in 2016 it was found that 73% of passwords used are duplicates . This is very dangerous and leaves you vulnerable to cyberthreats that are easily preventable.
The solution? Multi-Factor Authentication or MFA technology. By using a secondary form of authentication— what we call a second “factor” you can prevent 99.9% of threats to your business . A secondary factor comes in many different forms, it can be:
- Something you have (i.e. a physical device, card, or token)
- Something you know (i.e. a password or a pin)
- Something you are (i.e. a biometric such as fingerprint or face scan)
- Something you do (i.e. behavioral metrics)
It is important to note the need to combine two different factors. Two passwords, or a password and a pin will not be the optimal solution: if a hacker can compromise one password they can compromise a second just as easily. However, when you combine two differentiated factors (like a password and your fingerprint) the chances of getting breached go down to almost none. Someone can easily steal your password, but it is far more difficult to reproduce someone’s fingerprint!
Tx Systems specializes in providing you and your business with MFA solutions that are easy to implement and incredibly secure. Safeguarding your employees and your business from cyberthreats is of great importance as hacking attempts become more advanced and prevalent. Multi-Factor Authentication ensures a peace of mind that is second to none. Allow our team of experts to find the solution that fits your
needs and safeguard your business today. Check out our website for a full picture of all the MFA solutions we offer at https://www.txsystems.com/multi-factor-authentication.
