Nowadays it is not a secret to facilitate the login credentials. They are the continuously targeted pieces of user data by the malicious entities. As per the report, the largest spambot dumps comprises around 700 Mn records, containing almost 60 Mn passwords.
On password being stolen is opening the doors for the list of bad things to occur. As hackers are able to transfer the money from anyone’s bank accounts, consider the information of corporate and assign the software from email or website.
However, two-factor authentication, even known as multi-factor authentication is the most powerful defense adjacent to credential theft.
MFA (Multi-Factor Authentication) is defined as the theory of requiring several forms of documentation for ensuring the log-in being executed by the user. For balancing convenience and security, websites are using MFA usually depending on two factors of authentication. However, on forcing the user for providing two different types, two authentication factors are making forgery and credential theft, more complex.
As having the high-level conceptual understanding, taking the deeper look at every evidence and different two factor authentication CSPs or credential service providers are implementing them.
Advantages of Multi-Factor Authentication
Generalization of Login Procedure
MFA will help in making the logging in accounts more complex. Hence, the extra security provided by MFA is enabling companies using the developed login options such as single sign-on.
Single sign-on is working by validating the user during MFA while the procedure of login. Soon as the user is registered, by cataloging the software of single sign-on. Hence, by having the access for covering the applications of single sign-on software deprived of the requirement for logging in every application individually.
However, the scenario is giving realism for implementing multi-factor authentication, and challenges of realizing the weakness of login. Hence, it is referring to users for getting tired of logging in various accounts and multi-factor authentication will add stress to users. Although integrated with the single sign-on software, single MFA instance will cover all applications required by user.
Away from the encryption of data, several compliance standards state, federal or other specifying that organizations are required for implementing MFA for various situations. Thus, it is particularly true for preserving the sensitive data such as PII (Personally Identifiable Information) or the details of finance. However, this means that implementing multi-factor authentication is the step to take in the direction of compliance.
As particularly it is not needing MFA, as it can be still the best. However, HIPAA (Health Insurance Portability and Accountability Act) does not basically need MFA as there are several provisions in Security Rule highlighting the need for the procedure of strong authentication.
Though, by choosing the correct authentication is the priority. NIST (National Institute of Standards and Technology) is updating the guidelines on using the multi-factor authentication.
This proves that it cannot let the compliance to steer the implementation of MFA. As there is no need to fall in the trap of ‘check-box compliance’, meeting the requirements of regulation increasing the security. This makes sure that MFA method being used is recommended and has the goal of data security and system in mind, not only compliance.