These days, security is a significant concern for organizations and their employees and can pose a considerable threat for organizations. If there is a security breach in the company, one can access the company’s contacts, documents and other private information. To secure the organization from unwanted attacks organizations are now deploying Multi-Factor Authentication (MFA) which protects them against theft.
MFA follows the process of identifying users’ identity by authenticating/ verifying independent credentials. It adds extra levels of security and prevents security breaches.
It helps organizations to optimize security and control access of users by automatically finding and blocking access of risky users in real time. Multiple levels of security enable the second level of authentication, which block the hacker from accessing data, application, account, and private information.
MFA combines physical (card, key, token), logical (password, PIN), and biometric (fingerprint, voice, eye iris) validation techniques. MFA security includes swipe card, personal identification number (pin), one-time password, scanning fingerprint, and answering security questions.
It helps organizations to minimize help-desk decencies, cuts down the cost to management, and helps to build better business relations by giving confidence to the customer that their information and solutions are secure. Further, MFA provides significant protection by giving continuous identity management to organizations and providing multiple layers of security. It helps to achieve necessary compliance requirements specific to an organization which in turn mitigate audit findings and avoid potential fines. With the help of MFA, organizations can improve security, meet compliance requirements, and improve the productivity of users, while minimizing challenges, such as technical gaps, usability issues and complexity.
Without MFA, organizations cannot mitigate risks involved in password theft and information theft. In near future MFA will become standard with advanced technology.