Multi-factor Authentication and what it means for your business

multifactor


In this day in age if you haven't encountered at least a dozen different platforms telling you how important a secure password is and how to make one, then. . . you're probably living under a rock and I hate to be the one to break it to you. Also, your password is probably not as secure as you think.

As more and more businesses move into the digital space there is a greater need to protect ourselves, and our businesses from cyber threats. We have relied on passwords to do this thus far, but with the attacks growing more sophisticated it's time to look at ways to step it up with our online security. Products like Office 365 boast a more secure way to store your data by keeping it in the cloud as opposed to saving it at a local device or server. Another interesting feature is the double authentication you can enable when logging into the web browser office portal. It requires the user to not only type in their passwords in order to log in, but will also send a text message to your telephone in order to verify your identity. These measures are to prevent people from trying to hack into your account from gaining access, because while they may have hacked your password they won't have your phone.

Multi-factor authentication builds upon this notion of building a more secure online presence with the use of other tools besides good passwords. It uses three factors: knowledge, possession, and inheritance.

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Knowledge

Having selected a good password and security questions you are capable of logging into your account. Creating a strong password that you can remember but would be difficult to guess would make you a difficult target for hackers. By practicing safe online usage passwords, users can work effectively to protect your information, but having more than one form of security will ensure that your information is secure against attacks.

Possession 

You hook up the authentication to send a text message to your phone with a code in order to log in successfully. Anyone trying to get into your account that only has your password will not be able to get into your account because they can't get the code off of your phone. Or perhaps you have a token/key chain that generates a onetime code that unlocks the device ween it senses the software searching for its code. This is the more cost effective method, while biometrics can get pricey.

Inheritance 

Using biometrics to your advantage, phones have recently been coming equipped with fingerprint scans to unlock them. You can have voice recognition security software, or even retinal scans to add a layer of security for some businesses. Fingerprint scans are by far the more affordable option for biometric security, though a good choice when preventing device theft.
 
By using multi-factor authentication, you create the opportunity for a streamlined sign in method, allowing for single sign on for multiple applications because you can feel confident that you are secure. Hackers will also have a hard time getting into your account because of all of the different steps and personal objects they would need. You could be confident in the security of your information as long as you remained vigilant of other dangers like phishing scams.

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