Why Your Business Needs Multi-Factor Authentication

      Posted by Matthew Fall on Feb 5, 2019 10:27:00 AM

      Conceptual image of micro circuit. Security concept-3The average person uses 5 passwords or less across their entire online profile lifetime. That means you most likely have the same password for your personal computer, your bank app, your email account, and dare I say it, your work computer! If you fall into this category or feel that any of your employees might, consider implementing multi-factor authentication on your organization’s end-point devices and network to ensure it stays safe and secure from hackers. 

      What is Multi-Factor Authentication? 

      Multi-factor authentication (MFA) provides additional layers of security to access your accounts or end-point devices. Instead of accessing your account with just a username and password, MFA adds a second layer or “factor” that must be entered correctly to access the account or device.  

      You’ve probably seen MFA in action and used by many companies. It comes in the form of a special-issue code (sometimes sent as a text message), a one-time token, a fingerprint, or a personal snippet of information, like the name of your first pet. As you can imagine, the more layers of authentication, the more secure the application or device. 

      Why do I need it for my organization? 

      Hackers are ready to steal your identity and data at every corner. It’s not just about password security, it’s about the data and information that exists beyond that login screen. You probably do banking online or on your phone. Your password is probably the same password you use for other accounts and logins. For a hacker, you’re a prime candidate.  

      Let’s apply this to your organization. Your employees access their computers and sensitive information on a daily basis. Without multi-factor authentication, a hacker can get into that computer or application with just one correct password. As soon as you implement multi-factor authentication, the chances of that hacker getting in just went down drastically. "In 2019, we will see an evolution in the two-factor authentication (2FA) process that directly addresses some of the most discussed fraud attacks," says a contributor to Forbes.

      As workforce turn increasingly more mobile, the chance for lost or stolen devices also increases. In fact, 95% of IT decision makers list security as the top concern when implementing BYOD (Bring-Your-Own-Device) policies to their organization. MFA can help organizations secure mobile workforces, too. 

      How do I set it up? 

      For some of the applications you use in your personal life, setting up MFA is made easy. Examples include bank apps that allow you to add your fingerprint to the login process or setting up dual authentication when logging into your Google account. When it comes to your virtualized infrastructure, access to backups, hosted desktops, and your network,  NewCloud Networks can help your business set up and maintain multi-factor authentication for your entire organization. 

      The Bottom Line:  

      Securing your organization’s applications and most prized data starts with MFA for your employees and your network. Just one compromised computer or log-in credential can significantly damage your organization, resulting in data loss and unplanned-downtime. Improve cyber-security with multi-factor authentication from NewCloud Networks and our platinum security service offerings. Contact us for more!

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      Topics: Cloud Security, Password Best Practices, Cybersecurity