What is it?
Put simply, Multifactor Authentication (aka MFA) is the best way to protect you and your business when (not if!) your passwords get compromised.
What is it and how does it work? Check out this short video from the Government of Canada’s Get Cyber Safe campaign where they discuss why multi-factor authentication is an essential part of cyber security:
How does it help?
As reported in a recent SecurityIntelligence article, Is Multifactor Authentication Changing the Threat Landscape?, we are seeing significant changes in how cyber criminal gangs and nation-state actors are being stymied by MFA and having to adapt their tactics.
What kinds of results are being seen as more businesses implement MFA?
- Business Email Compromise Attacks Are Down
As more businesses have implemented MFA, business email compromises have dropped by 38% between 2019 and 2020.
- Credential Theft and Brute Force as Attack Vectors Also Down
In 2019, credential theft accounted for 29% of all tactics used in attacks. However, in 2020 that dropped to 18%, underscoring how use of stolen credentials to gain initial access to networks is losing ground.
Why should I do this now?
On the surface, it may now seem obvious that MFA will reduce the risk of your business email being compromised, but what else does that mean for you?
In addition to keeping your customer & company data safe, you’re also avoiding potentially embarrassing situations from damaging your brand and important customer relationships.
It’s easy to get started!
If your business is already benefiting from Microsoft 365 subscriptions, there’s no extra cost to you: MFA features are included!
If your organization hasn’t yet implemented Multifactor Authentication, talk to your trusted IT provider about leveraging this powerful security feature, sooner than later.