What is a Two-Factor Authentication System (2FA)? By BlogingMentor

Many businesses have been forced to implement 2FA, with login requirements that require their users to remember the username they used when signing in before logging in to multiple websites at once.

While this method of requiring credentials for different sites seems like an effective way to prevent security breaches in a website, what are some practical reasons not to add a second factor such as a PIN, password, or biometric data to your account? Let’s find out!

What is a Two-Factor Authentication System (2FA)?

A 2FA system uses two forms of verification to verify that users are who they say they are. The first form is something called secure authentication. This means no one can access your account unless you provide them with the correct credentials, which we will discuss in just a moment. Second, is known as non-repudiation when you log in to another site even if you forgot your passcode. In other words, once you forget your password, then you cannot be re-logged in unless you get the corresponding code on your phone or computer.

Why Do We Need Security Over Time?

A fundamental flaw of most online services is the lack of security measures. You can create great user experiences by providing reliable customer support without having to worry about hackers stealing personal information and impersonating customers.

Nowadays, the ability to protect against attackers from the time you start using an online service is critical, because not only will you be protected from physical attacks on your devices but also from criminals who might take advantage of these vulnerabilities and break into your accounts.

For example, a study shows that 80% of all cyberattacks happen through phishing or social engineering attacks. A strong password along with strong passwords will make you more secure from such attacks. By leveraging 2FA and smart policies, there is little to no risk. Here is how both sides benefit when implementing 2FA systems:

Reduce Cyber Threats & Attacks On Your Devices

If you implement a 2FA process for each new account, then you don’t have any reason to put your passwords in plaintext when generating a new key. Rather than storing your passwords on a server and giving hackers access to all of your accounts, you can store all of your passwords in a single secure database that only gets updated every so often so that no one else can steal it.

Enable Encryption To Prevent Theft Of Personal Information Or Fraud Activities

If you are an eCommerce business owner providing discounts to your customers, then you can simply encrypt and decrypt all of your transactions whenever necessary to deter potential threats. Even though we have seen companies that did use encryption, most aren’t aware that doing this really reduces fraud activities.

If you plan on offering promotions online but still keep records of the number of purchases made for each promotion, then you need to ensure that none of those records ever leave the company’s servers.

Allowing your customers to pay instantly after being approved for the sale saves fraudulent activity by making people feel less comfortable shopping online. Furthermore, keeping details about customer payment histories ensures that merchants know exactly the customers who paid immediately and those customers who didn’t pay immediately even if they are getting a discount.

Make Data Protection Easier With Cloud Storage Solutions

Most organizations currently rely on locally stored files and databases. These solutions are generally expensive, and they require ongoing maintenance costs. As a result, many organizations are now moving towards more cost-efficient cloud storage solutions. Organizations can easily set up cloud hosting plans that automatically update all of their data, and these facilities are backed up by high-quality servers that offer fast disk speeds.

At Kinsta, we understand the importance of protecting sensitive data and never compromise the privacy of our clients. In addition to setting up a backup, our 24/7 technical specialists are available around the clock to quickly address your organization’s concerns. Contact us today to learn more about the benefits of utilizing your corporate email account in an environment that protects customer data.