Are your accounts safe with just passwords? Are your financial data and sensitive client details safe on your online portals? Think again because there are cybercriminals who are far cleverer and smarter than you think. Technology is evolving every day; it takes only a few minutes to steal your sensitive information. Remember, hackers, don’t care how big or small your business is. In fact, they usually target vulnerable small businesses. Most users think their passwords will keep their accounts safe. However, in this modern era, nothing is impossible. Hackers can rob your information under your nose without you even knowing about it. This is the part where two factor authentication comes in. It adds an extra layer to your security. What else does it do? Let’s get into the details of it.
Every year we get to know about high-profile data breaches. However, to put an end to these devastating attacks, businesses need to know the importance of 2FA. Two factor authentication referred to as 2FA provides your account an extra layer of security. Users get verified by 2FA and gain access to specific applications. This is used to protect user’s credentials and sensitive data. With 2FA, the account or device will ask for a numeric token sent to your phone number. You have to enter that code and your password will grant access to your account. It’s an additional confirmation to grant access to the account. 2FA decreases phishing attacks and identity theft. If the hacker somehow gets hold of your password, they can’t get access to it unless they have your phone or security pin. Two factor authentication enhances security. However, it still does not ensure 100% safety.
If you have enabled 2FA, it’s nearly impossible to get into your account. Even if the hacker got your password, they can’t get through it because of the second identifier. The second factor tends to do something that only you know. Hence, this makes 2FA more safe and secure options for organizations.
Once a user enters his username and passwords, 2FA asks for additional information to verify the user. This includes something like; a pin code that only you know, or a security question. Moreover, it can also be based on physical self like facial, fingerprint, and voice recognition.
Setting a 2FA means that you have to configure security questions or enter your mobile number. Moreover, you can also register for third-party applications or enter your biometric data. This adds more security to your account. With this, 2FA will ask you a security question, security pin, or biometric data. This makes log-in passwords more strong. It typically means that only the user can answer those questions.
Two factor authentication is really important these days. Data breaches exposed 36 billion records in the first half of 2020. Moreover, 68% of business leaders feel their cybersecurity risks are increasing. Now that everything is online, cybersecurity risks are increased even more. 2FA is really important in these cases.
There are plenty of businesses out there that are ready to invest in a 2FA implementation. This is because they know that it will cost them less than the hack of their computer can cost them. Your sensitive business information can be robbed within few seconds. It’s better to be more cautious about it and implement 2FA in your businesses that will prevent such cases.
According to the stats, 60% of the small companies go out of business after a cyber-attack. You see, they are vulnerable enough to attack. You can empower your passwords with TheTexting API. All you have to is integrate the text API into your systems and you are good to go. You can guard your company’s assets with two factor authentication. Do not waste time thinking… It costs relatively low.