Poor Passwords and the Rise of Multi-Factor Authentication

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Poor Passwords and the Rise of Multi-Factor Authentication

Password security is one of the most important issues facing information security today. A large percentage of data breaches involve weak or stolen passwords.

To overcome these challenges, many organizations are looking to multi-factor authentication (MFA) technology to help deliver a layered approach and mitigate the risk associated with just one, password-level security layer.

Multi-factor authentication is a method of confirming identity by requiring a user to present two or more identification factors. This can be something the user knows (like a password or PIN) or something they have (like a smartphone). For example, if a user logs into an account, it may require a password and then a code that was sent to their smartphone in order to access the account. It adds an extra layer of security.

But unfortunately, traditional MFA solutions are often difficult for businesses to implement and manage, especially those with limited resources.

A survey done by Watchguard Technologies gathered information from small and midsize business owners and IT decision-markers at companies with less than 1,000 employees in the United States. Here's what they found:

Weak passwords are a serious problem, and the survey shows that 83 percent of business owners and IT decision-makers say their employees know that password best practices are important. But employers still have serious concerns about relying on passwords alone to protect company, employee and customer data.

Most of the businesses surveyed offer some form of password training and have policies in place. But, they still believe their employees engage in poor password practices.

To address these issues, 84% of IT decision-makers at businesses with less than 1,000 employees said they would rather have technology in place than rely on policies to enforce strong passwords.

Businesses with limited IT resources need an MFA solution that falls within their price range, that is easy to deploy and support.

MFA is no longer just for larger enterprises. Many would agree that a technology solution is needed to augment passwords. The key is an MFA solution that's affordable, and easy to deploy and manage. Ultimately, modern MFA is no longer an optional precaution; it is a business requirement.

As a full-suite IT and cybersecurity firm, Restech can provide a multi-factor solution that fits your business needs. Contact us today to learn more.

 

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Source: Watchguard Technologies

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