Multifactor Authentication

Christopher Eaton | February 22nd, 2022

 

When it comes to securing sensitive information—including personal details and financial records—in digital environments, the only protection most people have is a simple username and password and having multifactor authentication can help. Studies suggest that, on average, individuals have roughly 100 passwords in use across their digital platforms, for both personal and work accounts. With this abundance of distinct accounts held by the average internet user and the tendency for personal and professional internet use to overlap, there is an equally abundant opportunity for the average person to experience a data breach.

Furthermore, cybercriminals are becoming more sophisticated when it comes to acquiring one-time passwords (OTPs), like was seen with the recent phishing attacks against Coinbase users, or infiltrating an account due to the simplicity of the password.

Importance of Multifactor Authentication

Now more than ever it is vital for all internet users to enable multifactor authentication (MFA) and secure password managers, like Google Authenticator or LastPass, in order to protect the information within their roughly 100 personal and work accounts.

With the rise of the virtual economy and the work-from-home model many companies utilize, an entire organization can be compromised because of a single unsecured or easily guessed password. So far in 2021, breaches through email are responsible for the highest cost of revenue loss for businesses at “just over $5 million” per incident. These losses could have been easily avoided with the use of MFA.

The problem of data breaches is exacerbated by the increase in those who complete work from home over a virtual network, often a home Wi-Fi system requiring single-factor authentication to log on. To enhance the security of the work-from-home model, employees should use virtual private networks (VPNs), which are consistently monitored for threats and updated regularly.

When it comes to protecting sensitive information, it’s best to utilize all available protections to avoid unnecessary risks. One of the best protections against threat actors comes from the experienced professionals at SpearTip. Our engineers have the expertise to integrate multifactor authentication quickly and seamlessly into your current system, immediately enhancing your security posture.

Our proactive remediation team will quickly identify the systems that require multifactor authentication and develop a plan to implement the security measures tailored specifically to your environment and needs. These may include email operations, Active Directory and Azure Active Directory, VPN or other remote access solutions, and enterprise resource planning (ERP) systems. Furthermore, we can help train your users in the new MFA solutions for a uniform rollout and ensure your IT team knows how to administer the new systems and configurations. Our team dedicated to providing all your MFA needs can be reached through email at info@SpearTip.com.

In addition to these multifactor authentication implementation services, SpearTip’s certified engineers continuously monitor your networks from our Security Operations Center (SOC) 24/7/365 for any potential threats like those experienced by victims of phishing attacks. Being proactive is the most effective way to protect your company’s network. The ShadowSpear platform is a great proactive tool because it prevents infiltration of your network and provides a direct line of communication with our engineers should you have any questions.

In the event of a breach, call our Security Operations Center at 833.997.7327 to speak directly with an engineer.

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