7 Reasons Why Multi Factor Authentication is Important
In an era of increasingly digital lifestyles, online security is more important than ever. One of the oldest tried-and-true safety methods is MFA, or multi factor authentication. Here are the top 7 reasons multi factor authentication should be a priority for you.
Reasons You May Overlook
1. Keep Your Money Safe
You may be responsible for more of your money online in the future. Crypto is here, and with it comes a new level of personal financial responsibility you shoulder. MFA helps keep hackers away from your bitcoin even if you click on a wayward link.
This is especially important if you are holding cryptocurrency on a company balance sheet in a non-custodial wallet. Keeping large amounts of crypto on centralized exchanges is actually not the security method experts prefer. But when you take control of your own funds, MFA ensures you can’t be robbed from a simple hack or phishing expedition.
2. Avoid Security Contagion
MFA protects from security contagion. If you’re like me, your phone is connected to your TV is connected to your laptop is connected to something else. If one link is broken, the others are compromised. MFA makes even your weakest link that much stronger.
In a company, your employees may need to work remotely. If they do, any security weaknesses they encounter based on location may pass through to your entire company without MFA.
3. Prevent Third-Party Blunders
You may have to give your password to a family member or friend to check an email. That person could serve a hacker as a weak link unless you employ MFA to protect you from their innocent mistake.
If you are choosing an MFA solution for a business, you are also more protected from weak passwords that your employees may choose.
Common Sense Security
4. Multi-Factor Authentication Simplifies Logins
The best MFA solutions are geared towards ease of use. For instance, it is never truly advisable to use actual words as passwords. But they are easier to remember. Let’s face it: No one wants to break out a notepad of a random string just to log into an email account every day. MFA gives you the option of using a less powerful password — one that you can remember in your head — without giving up security. (But truthfully, you should really try to memorize that random string.)
5. Incorporate New Forms of Technology
Adaptive MFA can actually turn your location and behavior patterns into security lockboxes that protect your data. Sure beats remembering to change your password every month.
6. MFA Can Incorporate Biometrics.
Hackers are hard-pressed to duplicate your retina scan or fingerprint.
7. MFA Helps with Legal Compliance.
As data regulation becomes more stringent, companies will likely be required to incorporate some type of MFA. Be ahead of the curve.
Remember — this is the short list! There are many other reasons for you to consider MFA on all your digital devices. The best way to stay safe online is with common sense technologies we can all use. Make MFA a core part of your security.
Questions about MFA? Reach out to Thinline Technologies today at 410-453-9300.