If your business is still using multi-factor authentication (MFA) as a security measure, you need to know that it’s not working for you. You may have already guessed this since cybercrime is up by 300% since early 2020. Since 62% of the American workforce made the sudden switch to remote work at the beginning of the pandemic, 20% of businesses have experienced a cyber security breach which could be linked back to their remote employees.
Remote work has ramped up the cyber vulnerabilities as employees are potentially working from unsecured networks or spotty WiFi, on personal devices which may not have security protocols in place, and they’re connecting to corporate networks remotely, which adds another area for cyber criminals to exploit.
The reason an MFA doesn’t work is that they’re still too easy to hack. They’re almost a perfect solution as they do block 95% of bulk phishing attempts and 75% of targeted attacks, but they leave the door open when it comes to collecting usernames and passwords which are often reused in multiple programs. Because of this, 63% of data breaches come from reused or weak credentials.
Fortunately there is a better way. Password-less security, risk-based authentication with no out-of-band messages that could potentially be intercepted. They completely remove the weakest links common with an MFA, to offer better cybersecurity that actually works.
Learn more in the infographic below:
Infographic by: beyondidentity