As technology advances, so do the methods cybercriminals use to attack your systems. To protect against the increasing threat of cyberattacks, more businesses are giving priority to protecting their information. One simple, yet extremely effective method for protecting your systems is to use multifactor authentication or MFA.
What is MFA?
MFA is a security measure that requires multiple types of credentials to verify a user’s identity to access an account. So when a user logs into an account with a username and password, one or more other factors will also be required before allowing access.
The key that makes MFA really effective is requiring information that hackers are not likely to have. They may be able to steal your password and login information, but it’s not as likely that they’ll have access to your phone, and it’s nearly impossible for them to obtain your fingerprint.
That’s why MFA requirements will often involve using an app on your phone to generate a one-time code, using a physical key fob or using biometrics such as fingerprints or facial recognition.
Increasing cyberattacks and security in a digital age
According to a study from the University of Maryland, there is a hacking attempt every 39 seconds, affecting every one in three Americans yearly. And 43% of all cyberattacks are directed at small businesses.
Due to the current pandemic, remote work is rapidly becoming the order of the day and, unfortunately, has become a focus for hackers. That is because, without secure connections set up before going remote, employees’ devices and networks are more susceptible when they’re not under the protection of in-office systems. And just during the first month of the COVID-19 pandemic, the FBI reported a 300% rise in reported cybercrime.
With this sobering information in mind, you should ensure that your business prioritizes security over convenience when it comes to using MFA and other security measures.
Don’t leave your business unprotected
No matter what industry you’re in, you need a strong cybersecurity plan in place to protect your information and assets. Multifactor authentication is an extremely important first step, but there are also other ways hackers can access your business if you’re not careful.
Investing in your cybersecurity is an investment in the future of your business, and multifactor authentication is one such investment that’s a no-brainer.
Corsica Technologies provides comprehensive cybersecurity, including security awareness training to educate employees on secure practices, including recognizing phishing attacks, using strong password practices and multifactor authentication, and more. Contact us today for a free security evaluation.
Ross is the CISO at Corsica Technologies. He has achieved CCIE Security and CISSP certifications, holds an MBA from the University of Notre Dame and has 20 years of experience in the fields of computer and network security engineering and consulting. Ross provides virtual CISO services for clients and helps them identify information security risks and implement administrative, procedural and technical controls to mitigate. He works effectively with both technical and managerial personnel and is a trusted resource for our clients.