Tips for Using Two Factor Authentication Method

The problem associated with password-based logins

With increase in the number of malicious attacks like brute force, phishing, dictionary attacks, keystroke logging, etc., over the Internet, using just a single authentication factor; the password, is not something you can rely on to get better protection against these kinds of attacks. You need to approach something advanced; i.e. more than just password-only verification, for improved security level. In general, frequent hacking attacks are one of the major problems associated with password-based logins.

Solution to this problem

One secure, proven and advanced solution to the problems arising due to password-alone verification is Two Factor Authentication (2FA). This method resolves all security-related issues effectively and provides an additional layer of security to the digital assets.

Statistics that reflect 2FA market growth

As per the latest analysis, Two Factor Authentication market is estimated to grow at a CAGR (Compound Annual Growth Rate) of 24% by the year 2021. On the other hand, MFA (Multi Factor Authentication) market worldwide is expected to grow at 21 percent CAGR by 2019. Two Factor Authentication covers nearly 90 percent of all MFA models that include Two, Three, Four and Five Factor Authentication. Around 56% of organizations including small, medium and large-scale are using Two Factor Authentication.

3FA is used in private access areas such as secret data access, travel & immigration and bank lockers, whereas its next levels, i.e. 4FA and 5FA, are restricted to government-based applications, R&D (Research and Development) and defence projects.

2FA overview

Two Factor Authentication (2FA), also referred to as Two Step Verification, is a secure way of logging in to the online accounts or other services over the Internet. 2FA makes the login process safe and secure against various types of the harmful external security threats. Being a two-step login process, Two Factor Authentication adds an additional security layer and requires two varied factors, i.e. password and verification code to verify or double check identity of the user.

In short, Two Factor Authentication is the process of using a second factor in the form of a verification code, which is send to the user’s registered physical device, along with the username and password combination.

The major benefit of 2FA process is that even if a hacker gets your account password, he won’t be able to login without having access to your registered physical device.

Possible authentication factors for identity verification

Knowledge factors – something you know (username and password)

Possession factors – something you have (physical device)

Inherence factors – something you are (biometric characteristics)

Time and Location factors

Two Factor Authentication, as its name suggests, combines any two out of the four authentication factors given above. This method especially uses knowledge, possession and inherence factors.

Tips for implementing Two Factor Authentication solution:

Below are some useful tips in this regard:

Make sure that it’s necessary

Adding Two Factor Authentication boosts digital assets security of enterprises and the end users. But, this security method requires additional costs and time and increases the complexity of system design and the login process. Therefore, enterprises and the end users must make sure that it’s necessary for them.

Choosing the right authentication type

2FA comes with different authentication methods like Physical Device Authentication, Knowledge-based Authentication and Biometric Authentication. All these methods have their own pros and cons. So, it would be better to choose the right authentication type before enabling this security solution.

Avoid Cookie-based Two Factor Authentication

Many 2FA service providers globally consider cookies as the second verification factor. But, this is not a good approach from the security perspectives. It is because cookies validate only the machine’s identity, not the user’s. Therefore, cookie-based Two Factor Authentication must be avoided for a better security.

Consider customized Two Factor Authentication system

Most of the businesses across the world don’t like to implement a ready-made Two Factor Authentication system. It is because they (businesses) have the fear that users will turn off this complex process (2FA), if they do not find it custom-made. The users want easy to use, faster and highly secure options while logging in to their account. Customization provides them what they are looking for and feel comfortable with. Therefore, the businesses must consider implementing customized Two Factor Authentication system for a better user experience.

 

All the above-listed tips must be focused for implementing Two Factor Authentication (2FA) or Two Step Verification solution to get unmatched security.

 

 

2FA Solution For Linux SSH Security

Top 5 Reasons Why You Should Enable Two-Factor Authentication

Two Factor Authentication or 2FA is the most trending security method nowadays. Traditional authentication method or the password-only verification method, i.e. 1FA (One-Factor Authentication), is no longer a secure way. Besides, According to Key findings from the Global State of Information Security® survey of 2017, there has been a 38% increase in the instances of phishing scams and other cyber security incidents than 2016. Breaches are not limited to computer systems. Hackers often hack cloud architecture and have taken to attacking mobile devices.

These increases in cyber security issues are likely the reason why 55% of individuals, businesses and other entities collaborate with cyber security specialists to help mitigate and reduce cyber security risks. So, it is very obvious that hackers are doing that jobs properly and cyber security is in high threat. More than 28% of survey respondents reporting instances of hacking of these types of devices.

According to Cybersecurity, “More than 3 billion passwords were stolen in the year 2016. It comes to 8.2 million passwords stolen every day and nearly 95 passwords stolen per second”. Consequently, top leading companies like Google, AppleFacebook, and Microsoft have already implemented 2FA solution to ensure maximum security for their users. If you are still wondering why to enable Two-Factor Authentication, keep scrolling down and you will find out Top 5 Reasons Why You Should Enable Two-Factor Authentication.

 

1. Much easier than other traditional methods:

2FA is the much easier than the other traditional methods. Its login process is very much user-friendly. In this login process, you prove your identity by entering your secret password and a unique verification code sent to your registered mobile phone or the device. A unique verification code or OTP (One Time Password); the second factor,

Due to being a simple, inexpensive security measure to implement, 90% of IT departments plan to implement two-factor authentication for access to cloud applications in order to overcome security challenges.

 

2. Rapid increase in cyber-attacks:

Cyber-attacks are rising day by day. Microsoft estimated that “By 2020 4 billion people will be online – twice the number that online now”. Besides, CSS online says, “Cybercrime damages will cost the world $6 trillion annually by 2021, up from $3 trillion just a year ago.” More than £1 billion in losses over the past year due to cyber-crime, this has seen a 22% increase from the previous year.

Two Factor Authentication has become extremely important with the rapid increase in the security breaches or cyber-attacks over the internet. As 2FA adds an additional security layer or factor in the login procedure so it can ensure maximum security to your online accounts or credentials.

 

3. Taking control of your own security:

Previously a user could know about the security breach only after someone unauthorized tried to log in their accounts. All of a sudden they start figuring out that their online account is being breached and all their important information’s like credit cards credentials, Bank account information’s etc. are gone. Eventually, with the traditional authentication method, they could never figure out the security threat.

With 2FA turned on, you will be alerted with a security message or unique verification code on your registered mobile phone when someone else has entered the valid login credentials of your online account. According to Symantec – “80% of security breaches could be prevented with 2FA.”

 

4. Maximum online protection:

Two-Factor Authentication security method protects your sensitive data and information from all sorts of malicious activities. It assures that the password alone is not enough for an attacker or intruder to make you compromise your digital assets.

Besides, the unique verification code is valid only for a few seconds. Due to the use of an additional step in the login process, Two-Factor Authentication security method is also known as Two Step Verification. Because of that 80% of Banks and finance companies in the USA already implemented 2FA for their end users’ online protection.

 

5. Decreased password reliability problems:

Changing the online accounts passwords frequently is a sound security practice. However, only few end users follow it globally and therefore, the best option is to enable Two-Factor Authentication. With 2FA, if someone hacks your secret password, he won’t succeed in accessing your account.

Even, having strong passwords is sometimes not enough to protect your accounts. Applying the second factor, you aren’t just relying on great passwords. This is because, if the intruder knows your password he also needs the verification code to access your account.

 

Hope you already figured out the importance of Two Factor Authentication. With security breaches, digital crime and Internet fraud on the rise, the importance of safeguarding your information has never been greater. Enable this method today to prevent those security breaches.