The Importance of Multi-factor Authentication and its Benefits to your Business

The Importance of Multi-factor Authentication and its Benefits to your Business

Most of the time, during login, websites or apps integrate Importance of Multi-factor Authentication and its benefits to prevent data breaches. Even high-standard sites prompt for additional security, like security questions and captchas. This process ensures users are genuine and enhances app security throughImportance of  Multi-factor Authentication and its benefits.

So, logging into the application with just a username and password, without further authentication, constitutes Single-factor authentication (SFA). However, if additional authentication steps are required after providing the username and password, this process is called Multi-factor authentication (MFA). But before understanding the benefits of multi-factor authentication, let us understand what exactly an authentication factor is?

What is an Authentication factor?

Basically, authentication is a process that allows a person to confirm they are who they mentioned during initial signup or registration. Authentication factors are unassociated credentials that are used to confirm a person’s identity. There are three general categories for authentication factors:

Knowledge factor:

A knowledge factor  is referred to as “Something You Know.” These are commonly the things that a user knows and is particular for Single Factor Authentication like Username, Passwords, and security questions. 

Possession factor:

A possession factor is “Something you have” which is similar to a traditional key. For example, to prove your identity, the app might prompt you to enter a code initially sent to your smartphone.

Inherence factor:

An inherence factor is “Something you are”, like the fingerprints, the retinal scan, facial recognition, etc. To be more specific, your smartphones use an inherence factor to keep unauthorized users away from unlocking your phone.

Let us now understand the benefits of multi authentication factor.

Benefits of multi authentication factor

Simplify the Customer identification process: Multi-Factor Authentication helps businesses untangle their customer identification process and helps improve user experience.It also enhances security while relieving users of the responsibility to verify their identity mentioned during registration or signup.

Comply with regulations: By the use of Multi-factor authentication, businesses comply with regulations due to enhanced security for different customer identification and data-protection needs. Businesses should identify multi-factor authentication apps that allow them to select two or even more authentication factors that act as an additional layer of security.

Implementing Multi-Factor Authentication boosts reliability, cost-effectively enhancing hacker prevention and defense against hacking, impersonation, and ID theft.

Conclusion

Sometimes, more security questions may seem bothersome during login, but they’re crucial for protecting your data from hackers or unauthorized users.

We at Krify are passionate about developing secured mobile and web applications. Our highly skilled professionals possess the latest technologies and deliver flawless output. If you are looking for developing multi-factor authentication applications for your business, we would be happy to assist you. For more information, contact us.

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