The Security Benefits of Two-Factor Authentication

Two-Factor Authentication for IT security

The average person today has 80 different passwords to remember for various parts of their lives. Passwords have become so synonymous with our day-to-day, we hardly remember a time when we didn’t use them.

From our Netflix log-ins to our banking accounts, we use them in every area of life from personal to business. With the wide range of information we keep online, passwords are a crucial component in keeping our information safe. However, passwords don’t always cut it completely when it comes to security.

That’s where two-factor authentication (2FA) comes in.

If you’re wondering how you can keep your online information safe in today’s digital landscape, we’ve got you covered. Keep reading to learn about the business IT services and security benefits of two-factor authentication.

What is Two-Factor Authentication?

2FA is a security process that falls under the multi-factor authentication umbrella. It’s employed as a security tool anytime a user needs to gain access to a specific system or a specific service. This extra layer of security prevents unauthorized access to sensitive information.

When basic usernames and passwords fail, 2FA swoops in to save the day. It works as a fail-safe for sensitive information. This security method utilizes two different factors. Factors include a password or code, alongside something like a security token or facial recognition.

Benefits of Two-Factor Authentication

It’s difficult today to keep personal information safe behind a simple password. This is due to the static nature of regular passwords. Static passwords are generally easily accessible and the least secure form of authentication. People don’t typically change their passwords on a regular basis – this is where 2FA comes in.

2FA should be a major component of any secure network. The benefits of having 2FA implemented as part of your network security range from fraud reduction to simplified login processes. Let’s take a quick look at a few of the security benefits of 2FA.

Increases Security

Without a doubt, increased security is the most important benefit this form of authentication brings to the table. With the amount of information saved online, having more than one line of defense is critical. To keep such information safe is crucial for IT security in Los Angeles and beyond.

The risk of a password being hacked is all-too-common. But having two lines of defense makes it more difficult for criminals to gain access to information stored online. The security of 2FA reduces instances of various cyber crime issues like identity theft or financial fraud.

Increases Trust

For any organization that handles large amounts of customer data, keeping that data secure is paramount. To that end, a major benefit of using 2FA is the knowledge that customer data stays secure.

Taking proper steps to ensure sensitive data remains free from online attacks shows customers that your business is trustworthy. Not only that, but it indicates to customers that your business truly cares about them. It does so by keeping their private information safe from prying eyes.

Reduces Operating Costs

The amount of time and money it takes to notify customers of a breach in sensitive data is high. In addition, taking the time to continually help customers reset passwords in the event of a breach takes time away from help desks.

This further adds to operating costs.

By adding in extra security, you’ll not only give back time to your employees but customer data will be kept safe. This enables staff to focus on more pressing customer service and day-to-day operations.

Logging on Gets Simplified

One form of network authentication used is known as an OTP or one-time password. This form gets used in conjunction with 2FA security measures as the second step in the login process.

One-time passwords help mitigate risk by utilizing time-sensitive codes sent via email, SMS, tokens, or phone calls. These quick login credentials get sent to the user safely and securely. These codes then disappear or are invalid after a specific period of time.

The unique, time-sensitive nature of these codes simplifies the login process while still maintaining safety and security for everyone involved.

Increases Awareness

Oftentimes when information gets breached, most businesses are unaware until it’s too late. With proper cybersecurity measures like 2FA, businesses receive an alert or notification immediately upon access.

When we live so much of our lives online, preventing data breaches is a crucial step in any business’s security plan.

2FA gives users a way to receive alerts of inconsistent online activity or logins. With authentication measures, users are able to report issues or concerns before further information gets used or stolen.

Streamlines Online Transactions

The rise in eCommerce means that many people complete their transactions and purchases online. For personal users and businesses alike, transactions made through a mobile device are hotspots for cybercriminals.

Making purchases online leaves room for hackers to access sensitive information. Information could include anything from bank accounts to home addresses. Having a second step of identification helps. With 2FA, people are able to complete transactions online not only quickly but safely as well.

Signing On

Overall, enhancing security is easier with two-factor authentication employed.

At Be Structured Technology Group, we believe that every organization deserves to have technology in place that works for them, not against them. With decades of experience under our belt, we’re here to enhance your workplace with technology and IT support you can trust.

If you’re looking for award-winning Los Angeles IT services, you’ve come to the right place. Contact our tech team today to partner with an IT firm that shares your security goals. We look forward to enhancing your security today!

About Chad Lauterbach

CEO at Be Structured Technology Group, Inc. a Los Angeles based provider of Managed IT Services for small business. I desire to help small businesses better utilize technology by assisting in high level planning to make sure that new systems will benefit them both operationally and financially. I am careful to implement and support systems using industry best practices.