Multifactor Authentication (MFA) is an IT-based security solution that administers additional or multiple layers of user-authentication during the commonly known sign-in process. The solution functions by requiring a user to provide a minimum of two or more credentials to authenticate their identity and be permitted access securely. These credentials may include passwords, IT hardware tokens, numerical codes, biometrics, time, and or location. The most common form of MFA is recognised as Two-Factor Authentication (2FA), which requires users to provide one additional individual factor of authentication during sign-in. Typically, the most common form of Two-Factor Authentication is a numerical code being sent to the user’s cell phone or device when prompted to enter user credentials.
As the landscape of malicious acts and cybersecurity threats continues to increase on a global scale progressively, the need for companies to implement and maintain a zero-trust security position for the workforce has never been more critical.
Differences between MFA and basic passwords
MFA serves as one of the primary methods to ensure the user is exactly who they say they are upon login. Historically, this would only be able to be ensured by standard credentials entered upon a user’s sign-in, typically being a personal username and single password. Without an additional factor of authentication to your password, unintended user access becomes a definitive concern. For example, consider the standard process of a user logging into their personal email account. The username and their password would typically grant them access into the webserver, various internal applications, data, and confidential information.
When considering Multifactor Authentication for your environment, there are four distinct types. Below are the MFA types ranked in the order of least to most effective.
- Text Message Code: Commonly a 4- or 6-digit code sent to a mobile device
- An Authenticator App Code: A code provided by a secure app
- Biometric: Facial recognition on a Windows PC or iPhone
- Physical Key: USB based security stick or keychain token that generates a unique code to be entered upon login
How MFA can help companies avoid breaches
As credential-based attacks continue to exponentially rise on a global scale, MFA is becoming a common initiative for small to large organisations alike. Regardless of having a unique password for each user account, website, and or application you use, malware and various threats continue to threaten organisations daily. Many of these organisations have successfully prevented costly breaches with MFA.
For example, if an employee were to have their personal login credentials stolen, a hacker would be unable to login to their account without an additional form of verification. Two-Factor Authentication would come into play by sending the legitimate user a unique two-factor numerical code to be entered, ensuring complete user-authenticity and security.
Did you know?
- During hundreds of millions of personal records being stolen though an increased number of well-publicised hacks:
- 80% of consumers are worried about their online security
- 45% are extremely or very concerned about their accounts being hacked
- 40% have experienced a security incident in the past year
- Weak or breached/stolen user credentials are the most typical weapon of choice for hackers, statistically used in 95% of all Web application attacks.
- 54% of consumers use five or fewer passwords for all their accounts, creating a potential “domino effect” that allows hackers to beach multiple accounts by cracking a single password.
How New Era Technology can assist
New Era Technology continues to support organisations with every stage of Multifactor Authentication considerations and deployments. A few of the most common feedback from customers include:
- Improved cyber security
- Increase conversion
- Improved customer trust and satisfaction
- Reduced operating costs
- Breaches to helpdesk service fees
A zero-trust approach for the workforce is the foundation for a zero-trust security model that ensures users and devices are trusted before granting them secure access.