It's True: Overlooking Two-Factor Authentication is a Costly Error

Many individuals and businesses are missing out on an easy and effective security measure by neglecting Two-Factor Authentication (2FA/MFA).  This simple process adds an extra layer of protection by requiring a code or confirmation on a separate device, yet some feel the effort is too much. However, the minimal time it takes to set up the 2FA can prevent major security issues later. There are numerous straightforward MFA options available, with Google making it especially user-friendly- often all it takes is scanning a QR code to get started.

Why Risk Reduction Often Gets Overlooked

With the focus on usability, the idea of learning something new when a system already seems to work can be a major hurdle. While digital security measures like 2FA or encryption software don't guarantee 100% protection, they do significantly reduce the risk of breaches by adding an extra layer of security.

Many see multi-factor authentication (MFA) as an inconvenience, but given the rise in cyberattacks, identify theft, and ransomware, it's essential. Taking a few extra seconds to login with MFA can prevent potentially devastating risks and protect sensitive information.

How Do I Implement MFA?

Start by reviewing the security settings on your most frequently used accounts, where you may find options for enabling MFA under names like "Two-Factor Authentication," "Multi-Factor Authentication," or "Two-Step Authentication."

There are various methods for providing the second layer of authentication:

• Text Message (SMS) or Email: You'll receive a code via text or email each time you log in. This is the least secure option and should only be used if other methods aren't available.
• Authenticator App: This app generates time-sensitive codes on your phone. When logging in, simply open the app to retrieve the code, which typically expires in 30 to 60 seconds.
• Push Notification: Instead of a code, you'll receive a pop-up on your phone asking for confirmation of the login request, which you can approve or deny.
• FIDO Key: The most secure option FIDO (Fast IDentity Online) uses secure biometrics like facial or fingerprint recognition and requires a physical key for encryption and access.

Why Should Your Organization Enable MFA?

Implementing MFA significantly strengthens the security of information systems, such as remote access, email, and billing platforms, even if passwords are compromised through phishing or other attacks.

With password-cracking methods becoming more advanced and computing power more accessible, adversaries can easily guess or steal passwords. They often harvest credentials through phishing or by exploiting password reuse across systems. MFA provides an extra layer of defense, making it much harder for attackers to gain unauthorized access to accounts, even if they manage to obtain passwords.

How Manufacture Nevada Can Help

Manufacture Nevada can help your business stay ahead of cybersecurity threats by offering guidance on implementing essential protections like Multi-Factor Authentication (MFA). As cybersecurity risks, including phishing and password theft, grow, relying on passwords alone is no longer enough. By integrating MFA into your security strategy, you add an extra layer of defense that significantly reduces the chances of a breach, even if passwords are compromised.

Reach out to our Business Advisors today who can answer your questions and provide guidance on two-factor authentication.

Content from this blog is sourced from IMEC.