Top 3 Benefits of Multi-factor Authentication

Dear Readers,

This week’s blog is about the Benefits of Multi-factor Authentication; Multi-factor authentication has become a widespread phenomenon in the cybersecurity industry. It allows users to protect their email accounts, systems, and secure transactions over the internet. Most users have already implemented the use of MFA where the user is granted access to devices by sharing two pieces of evidence to prove who they really are (e.g., a password combined with either code, keycard, USB device)

Ambimat Electronics, with its experience of over forty years, desires to draw the attention of its readers and potential customers towards this blog post about their new product called AmbiSecure key and how it will benefit us.

Let us now consider the benefits of MFA:

  • Stronger Authentication

Reducing risk is every organization’s goal. This is why the use of multi-factor authentication is growing rapidly. In a world where cyber attackers are constantly targeting user credentials and over 80% of breaches are related to weak or stolen passwords, this kind of protection shield is required for stronger authentication.

The requirement of two or more factors for granting access reduces the risk of compromised passwords. It works as an additional layer of protection, reducing all different kinds of threats that could cost organizations millions.

Adverse effects caused by security breaches due to user passwords would have huge implications for both organizations and the user who trust it.

  • Adaptive to Changes

With organizational changes and a remote work environment, the need for stronger and more advanced security solutions are needed, this is where MFA steps in to address more complex access solutions. This is referred to as Adaptive multi-factor authentication.

While MFA offers several layers of protection to users. Adaptive MFA assesses the risk a user exhibits whenever they try to access a system or information. For example, evaluating the user location and device.

A user logging in from the organization facility is said to be in a trusted zone, and may not be required to prove additional security factors. However, if the user logs in from a different location other than the office, using their personal device over an unsecured network, they may be required to verify themselves through second-factor authentication, as they are outside the trusted zone, using an untrusted connection.

Adaptive multi-factor has significant control over vital data. Users requesting to access such information may be required to verify themselves through two-factor authentication, or at the same time a third factor, before getting access to such critical information.

  • Seamless User Experience without compromising security

Remembering passwords can be overwhelming for users with multiple accounts. This leads to the habit of creating weak, easy-to-remember passwords that can be compromised. What’s more frustrating is the need to remember complex passwords, ultimately leading to password resets. A headache for the IT department.

Multi-factor authentication provides the organization with a secure environment. Users and their devices are protected without the cumbersome process of resetting passwords or following complicated security policies. Moreover, organizations can employ more than one form of authentication factors for users to choose from, or simply use additional authentication factors as and when necessary. MFA deployment is simple and easy to manage. It can be integrated with a large number of applications, thus, saving time and reducing the burden of dealing with password resets for the IT team.

MFA with AmbiSecure

FIDO2 is a standard that simplifies and secures user authentication. It uses public-key cryptography to protect from phishing attacks and is the only phishing-proof factor available. Corporations around the world and across many sectors can benefit from Fast Identity Online or Fast ID Online (FIDO) authentication, which their employees and users can use to minimize security risks and improve the user experience. We use FIDO for our AmbiSecure key and card which offers superior security by combining hardware-based authentication and public key cryptography to effectively defend against phishing attacks and eliminate account takeovers.

AmbiSecure helps organizations accelerate to a password-less future by providing support for the FIDO2 protocol. FIDO2 supports not only today’s two-factor authentication but also paves the way for eliminating weak password authentication, with strong single-factor hardware-based authentication. The AmbiSecure provides a simple and intuitive authentication experience that users find easy to use, ensuring rapid adoption and organizational security. Ambisecure key or card does not require a battery or network connectivity, making authentication always accessible.

About Ambimat Electronics:

With design experience of close to 4 decades of excellence, world-class talent, and innovative breakthroughs, Ambimat Electronics is a single-stop solution enabler to Leading PSUs, private sector companies, and start-ups to deliver design capabilities and develop manufacturing capabilities in various industries and markets. AmbiIoT design services have helped develop Smartwatches, Smart homes, Medicals, Robotics, Retail, Pubs and brewery, Security.

Ambimat Electronics has come a long way to become one of India’s leading IoT(Internet of things) product designers and manufacturers today. We present below some of our solutions that can be implemented and parameterized according to specific business needs. AmbiPay, AmbiPower, AmbiCon, AmbiSecure, AmbiSense, AmbiAutomation.

To know more about us or what Ambimat does, we invite you to follow us on LinkedIn or visit our website.

 

Reference:

https://www.okta.com/identity-101/why-mfa-is-everywhere/

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