MFA Saves you from Lazy Losses 
15th June 2023

MFA Saves you from Lazy Losses 

Leaks and hacks from recent years have made it clear that passwords alone don’t provide enough security to your online banking, social media logins, or online shopping accounts. From spraying attacks to serious threats of spear-phishing and pharming, hackers are employing countless gimmicks to steal credentials and gain unauthorized access to accounts.

Multi-Factor Authentication is a pain but a necessary evil in today’s cyberworld. One complaint from users about why they find MFA a pain is the extra time to use it, but despite this MFA is gaining traction as individuals and businesses look to secure their data against risks.

While two-factor authentication (2FA) uses two checks to verify a user’s access attempt, multi-factor authentication (MFA) mandates the user to provide two or more forms of identity verification before allowing access to a website, network or application. This makes MFA a stronger solution with an added layer of protection to safeguard you against lazy losses. Being relatively inexpensive and extremely easy to deploy, MFA offers effective protection to individual users and the wider business network. So instead of asking yourself why you should enable MFA, it’s time to ask yourself why you haven’t already done it.

Thankfully the development of adaptive MFA solutions has made it incredibly unobtrusive to the user. This solution is based on the context of the login attempt that analyzes the user’s login behavior (the time, place and device used for the login attempt). So only if the login seems suspicious the user is prompted to use MFA. E.g if you regularly log into your corporate email account from your company’s head office during business hours, you wouldn’t be prompted to log in with MFA. But if you logged on a holiday from another country, you’ll be asked to provide further proof of identity.

Undeniably, MFA is a powerful multi-layered access norm to thwart cybercrimes. Organizations need to implement MFA throughout to add an extra layer of security to their accounts, prevent potential fraud and breaches of confidential data.

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