Micro Technology Solutions Inc.

5 Reasons Your Organization Needs To Implement Multi-Factor Authentication in Your Cybersecurity Strategy

woman on her laptop using her phone as multi-factor authentication device

In this digital age, it’s more important than ever to make sure your organization has a robust cybersecurity strategy in place. One key element of any good security plan is a tool called multi-factor authentication. Multi-factor Authentication (MFA) is a process that requires more than one form of identification to access an account or system. MFA has been shown to avert at least 80% of cyber attacks, according to one report.

In this article, we’ll discuss the benefits of MFA and how your organization can stay safe by applying this tool as part of your cybersecurity protocol.

What is MFA and Why is it Important?

Multi-factor authentication has recently become a hot topic in the world of cybersecurity. With the advancement of different software and applications, it’s become easier for hackers to obtain sensitive information. MFA is a form of security that requires more than one method of authentication from independent categories of credentials to verify the user’s identity.

There are many different types of MFA methods, but the most common are:

  • Something you know (e.g., a password or PIN)
  • Something you have (e.g., a chip card or token)
  • Something you are (e.g., a fingerprint or iris scan)

Reasons Your Organization Needs to Implement MFA

The implementation of MFA into your business’s cybersecurity infrastructure brings a number of benefits. Some of those include the following:

Increased Cybersecurity

One of the most obvious benefits of MFA is that it increases security. By requiring more than one form of identification, you are making it more difficult for hackers to access your systems. While no security measure is 100% foolproof, MFA can make it more difficult for unauthorized users to gain access to your data. MFA is so effective, most cyber liability insurance carriers require MFA before they will issue a large policy.

Safeguarding of Users’ Identities

Another benefit of MFA is that it helps to safeguard the identities of your users. In today’s digital world, there are many ways for hackers to steal someone’s personal information. By implementing MFA, you can help ensure that only authorized users are accessing your systems. 

Protection From Password Theft 

In addition to safeguarding user identities, MFA can also protect against password theft caused by exposed passwords. We’ve all seen the headlines about major companies being hacked and customer information being leaked. In many cases, these attacks are the result of weak or stolen passwords. By requiring more than one form of authentication, you can help ensure that only authorized users have access to your systems.

Regulatory Requirements Being Met

MFA meets regulatory requirements and complies with Single Sign-On (SSO) solutions. Many industries have strict regulations in place regarding cybersecurity. By implementing MFA, you can help ensure that your organization is in compliance with these regulations. Additionally, many SSO solutions require MFA in order to work properly.

Easy Implementation 

The benefit of easy implementation without compromising the user experience is a key characteristic of MFA. In many cases, MFA can be added to existing systems with little or no changes to the user interface. This allows you to easily add an extra layer of security without disrupting your users.

Micro Technology Solutions Can Keep You Safe

At Micro Technology Solutions, we understand the importance of cybersecurity. That’s why we offer a variety of products and services designed to help keep your organization safe. Our multi-factor authentication solutions will bolster your existing security strategy. We also offer a variety of other security solutions, including Endpoint Detection and Response, Managed Detection and Response and Vulnerability Assessments. Contact us today to learn more about how we can help keep your organization safe.