What is the benefit of 2 factor authentication for your business?

What is the benefit of 2-factor authentication for your business?

The password era is over

With so much of our lives happening online, it is no surprise that our digital accounts have become a magnet for cyber criminals. As they open more and more accounts they suddenly have far too many passwords to remember. This can lead to every security expert’s worst nightmare: password recycling. Understandably hackers thrive off this unfortunate human habit.  Hacking software has the capability to test thousands of stolen log-in credentials on internet banking or shopping sites. If you reuse username and passwords, there is a high likelihood one stolen password could unlock multiple online accounts. 2 factor authentication is an extra layer of security which can help combat the challenge of weak or recycled passwords.

What is the benefit of 2-factor authentication for your business?

  • Stronger security

    Having a second form of identification greatly decreases the chance of a hacker gaining access to corporate devices or other sensitive information.

  • Increase productivity and flexibility

    Many businesses are now embracing remote working as it encourages productivity. 2-factor authentication implementation allows employees to safely access corporate systems from any device or location-without putting sensitive data at risk.

  • Lower help desk and security management costs

    Two-Factor authentication helps to reduce time-consuming password-resets which help desks are burdened with. 2FA provides a safe way for users to reset their own passwords. The outcome for businesses is increased employee productivity.

  • Reduce fraud and build secure online relationships

    Identity theft is on the rise. This can be extremely damaging to businesses as it can result in a loss of trust and credibility. By introducing two-factor authentication you can help to provide a secure brand experience. This encourages strong ongoing relationships with customers.

“60 percent of small companies go out of business within six months of a cyber-attack.” 
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What are the examples of why 2fa would need to be used?

  • Do users at your organisation use password managers such as LastPass? These password vaults need to be completely safeguarded as they are treasure trove of sensitive data. It would be foolish to use a password only approach to accessing these systems. Multi-factor authentication would help to reduce the risk of cyber criminals accessing your vault if they were to steal your login credentials.
  • 2FA can also be used to log into corporate devices, internal systems or business critical applications such as Office365, accounting systems or CRM’s. This helps to safeguard against unsolicited access to corporate data.
  • Most banks now have two-factor authentication available. This not only reduces the risk of cyber breaches it also improves the security of customer accounts. As we all know, a breach can be very damaging to reputation and trust.

    How can Equilibrium help?

    As Cyber Security experts with 20 years industry experience, we are best placed to offer advice about the most effective multi-factor authentication solution for your business. Cisco Duo Security is the only multi-factor authentication app which your business needs. Duo mobile is a user friendly and effective application which can seamlessly identify user identity by sending push notifications to mobile devices. This authentication method greatly reduces the risk of phishing and identity-based cyber-attacks. Cisco Duo is far more than just an authentication app. You can gain visibility into each device, enforce tailored policies to suit your business needs and ensure illegitimate users are not able to gain access to business-critical data.

    Contact us: Find out more about Cisco Duo Multi Factor Authentication

    Get in touch today, our office number is 0121 663 0055