Most Common Uses of MFA

Did you know that both Google and Microsoft have gone on the record to discuss the benefits of Multi-Factor Authentication (MFA)? In fact, the tech giants have acknowledged that research indicates that MFA can block over 99% of attacks! MFA is an improvement upon the security of the traditional username-password combination and can have numerous benefits for your business!

A 2020 study estimated that the average cost of a cyber breach is around $3.92 million, giving each business nearly 4 million reasons to take their security seriously. But, according to a 2020 penetration testing report from Rapid7, 67% of businesses tested didn’t use MFA for any of their login points! This security layer simply adds a quick, extra step that can be accomplished within seconds, allowing you to have immediate access to your accounts without worrying that someone on the outside does as well.

If the reasons above aren’t enough for you to consider this solution, here 5 more ways you can use MFA in your business:

1. Provide User-Friendly Authentication Management

When implemented by a business, MFA becomes an intuitive process for employees and IT departments. Well developed MFA solutions should enable a smooth flow of business operations, not be difficult to use or disruptive to your workforce.

2. Protection Against Credential and Device Theft

MFA provides additional layers of security that can be a much-needed failsafe is a hacker successfully steals employee credentials. MFA solutions should offer multiple authentication options for end users, as well as the capability to secure any corporate applications.

3. Safeguard Devices Outside of the Workplace

With the tremendous rise in remote work through the pandemic, there are a new set of questions and concerns about the security of remote workforces. MFA requires end-users to provide two or more credentials to access company systems or accounts, ensure employees stay protected and productive during times of enhanced risk.

4. Regulatory Compliance

Implementing MFA if often a key requirement for achieving compliance with data protection laws and regulations. It’s a great way for organizations to increase their reputation and establish themselves as a trustworthy business partner.

5. Scalability for Changing User Bases

MFA easily adapts to your business needs and can be set up for all users, including employees, customers, and partners. Combining single sign-on with MFA eliminates the need for multiple passwords, streamlines the login process, and improves the user experience. It creates a protective shell that is impassable to bad actors that are attempting to access business-sensitive electronic data.

At Info Advantage, we know that MFA cuts down on the chance of unwanted access to your business’ solutions, any account protected by MFA is substantially more secure. Turn to the solution that can effectively block all automated attacks! Contact us today to learn more.