What is MFA?
Multi-factor authentication (MFA) adds an additional way of checking that it’s really you when you log in. It combines something you know (your user name and password) with something you have (an authentication app on your smartphone or tablet). This second layer of security is designed to prevent anyone but you from accessing your account even if they know your password.
Did you know?
Up to 80% of data breaches can be prevented with basic actions like enabling multi-factor authentication to protect yourself and your customers from attacks.
Source: DBIR, 2020
Statistics show that:
70% of breaches are caused by ‘bad actors’ with 55% of these in organized crime*
67% of breaches are due to credential theft, errors and social attacks*
Financial gain is still the primary motive for cyberattacks*
- The global average cost of data breaches reported in a 2019 report was US$3.9 million^
*Source: 2020 Verizon Data Breach Investigations Report
^ Source: Security Intelligence