The Cyber Security Review | Tuesday, June 29, 2021
Device-based MFA (combined with full-disk encryption) prevents access or data from being compromised if a device is lost.
FREMONT, CA: There are now more online user accounts per individual than ever before, which means that there is more potential for account breaches. Unfortunately, even if the accounts are private, they can still pose a security risk to the company due to password reuse, which stems from the difficulties that the average end-user faces when asked to create multiple, unique, and complex passwords for their (likely) hundreds of online personal and professional accounts. In short, each of these online accounts poses a serious security risk to IT administrators.
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There are, however, ways to safeguard accounts from weak, overused, or poorly handled passwords, and one solution, in particular, has garnered a lot of traction among both B2B and B2C accounts: Multi-Factor Authentication (MFA, commonly known as two-factor authentication / 2FA). MFA appears to be a simple solution that protects online resources better than even the most sophisticated passwords, but what precisely is it?
The Benefits of MFA
Protects Sensitive Data: Users are the number one risk point for a network; therefore, multi-factor authentication alleviates user and IT administrator worry by preventing sensitive data from slipping into the hands of persistent hackers.
Almost Always Secure: If a hacker obtains a user's password to a system, they will be unable to access it because they lack the second factor (which is usually in the user's possession or something they are).
Do Not Lose Sleep Over Lost Devices: Device-based MFA (combined with full-disk encryption) prevents access or data from being compromised if a device is lost.
How MFA Improves Password Security
Adding a second factor makes it far more difficult for criminals to cause harm because attackers must now have two objects in their possession to proceed with their crimes. MFA is also becoming more common and easier to use, resulting in reduced friction with end-users. MFA is therefore appealing to enterprises wishing to improve their security practices without incurring high additional costs. Another important issue to mention is that many end users are now concerned about their online security and its implications for them, which motivates them to safeguard themselves and their accounts.
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