The Cyber Security Review | Wednesday, June 30, 2021
For Businesses, Multi-Factor Authentication (MFA) is the simplest and the most effective tool to provide security to their digital assets while validating the consumer's identities.
FREMONT, CA: As offices closed in response to the Covid-19 outbreak, few people expected to work from home for months, if not years. With many people expecting remote work to become the "new normal," it's essential to ensure that the technologies are safe and secure.
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Consumers are increasingly embracing online and mobile apps to access numerous services in today's digital environment. Consumers must create accounts with usernames and passwords to utilize these apps. Password breaches are a risk due to weak passwords, popular passwords, or re-used passwords across various sites.
Businesses are looking for strategies to safeguard their digital assets while authenticating their customers' identities and offering a pleasant user experience. MFA (Multi-factor Authentication) is the simplest and most effective way to add an extra layer of security to the login credentials.
After entering their login credentials, the consumer validates the system with some other independent factor, whether through email, phone number, username, or social profile. As a result, it prevents any fraudulent effort to access the system or service, even if the consumer's password is compromised.
To protect the consumer account, there are numerous MFA authentication techniques. In addition, businesses can employ any or all the MFA authentication methods listed below, depending on their needs.
Knowledge Factor
PIN Authentication:
During registration, the PIN Authentication function enables the user to set a PIN in addition to the password. The consumer will be requested to enter the PIN specified during registration after entering their login credentials.
Security Questions:
At the time of registration, customers are requested to answer various security questions. The answers to the security questions must be simple to recall for customers but difficult to guess for others, and consistent across time.
Possession Factor
Text Message (SMS) Authentication:
Consumers receive an instant text message with a unique authentication code after entering their login credentials. To gain access to their accounts, customers must enter the code into the application.
Phone Call:
Instead of receiving a text message, customers receive the code by phone call.
Inherence Factor
Biometric Verification:
Biometric elements such as a fingerprint, eye scan, facial recognition, or voice recognition on the device are used by the consumer to verify the device's identity. This is commonly used in mobile applications to authenticate users on smartphones that have biometric verification capabilities.
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