When you think of a business getting hacked, what’s the first thing that comes to mind?
Most people imagine an elaborate scenario involving a team of veteran hackers, armed with cyber-weapons like ultra-sophisticated software solutions and blazing-fast supercomputers, breaking into the vaulted systems of multi-billion dollar corporations.
As exciting as that scenario sounds, studies on real-world data breaches paint an entirely different picture. Most cyberattacks are neither sophisticated nor elaborate. The same holds true for the attackers themselves.
So to understand the role of MFA and the wonders it can do for your business, let’s first look at what the typical cyber attack looks like.
A Realistic Look Into Cyberattacks
When a business account like a Twitter handle gets hacked, it’s not the Twitter servers that get compromised. It’s almost always the login credentials of the user.
Attackers can gain unauthorized access using any of the following methods:
- Overtaking public Wi-Fi networks and sniffing credentials through the network data of unsuspecting victims
- Sending emails with infected attachments or links that point to fake copies of websites designed to steal the login credentials
- Guessing passwords using brute force attacks, which is especially effective against users who use ineffective passwords. An example would be the infamous “dadada” used by Mark Zuckerberg on his social media accounts that hackers had no trouble cracking into.
Those were just three of the most common types of cyberattacks. As you can imagine, even a high-school kid with minimal technical know-how and the ability to follow a tutorial online could execute an attack of this nature.
Luckily, we have an incredibly straightforward solution that can thwart the vast majority of all such attacks.
MFA to the Rescue
MFA, short for multifactor authorization, is an additional layer of security on top of password protection.
It’s like having a bouncer at a club who knows who you are. So where someone else might let anyone pass as long as they have your VIP pass, the bouncer who personally knows you will not be fooled by an imposter. Another example is the fingerprint scanners at airports that have made fake passports impossible to use.
In the same way, MFA keeps your accounts and systems secure at all times, even if unscrupulous characters manage to get their hands on your login credentials.
In practical terms, it means that on top of the username and password, the system will ask you to verify yourself with an additional layer of security. The most common case is a unique code sent using one of the following systems:
- An email to your registered address
- An SMS or phone call to your registered phone number
- One of the many authenticator apps available online if you previously set one up for your account
Some companies take things even further with biometric verification and even physical USB keys.
For most business use cases, however, a simple phone verification offers the perfect balance between ease and security. Most platforms support it by default, and MFA can also be integrated into custom-coded company systems as well.
As simple and painless as MFA is, it can guard your business against 99% of cyber attacks out there. You won’t find a higher ROI cyber defense initiative than this.
If you need help with setting up MFA for your business systems, call us at 888-782-7003 and let our team of cyber defense experts take care of everything for you. We can secure your sensitive data against threats that even MFA can’t prevent.