Why You Need to Use Two-Factor Authentication Right Now
Two-factor authentication is one of the best ways to protect your IT security. Discover why and learn how to get help setting it up for your business.
You don’t need to be tech-savvy to understand two-factor authentication. It simply means that you set up a secondary security system that you must pass in order to gain access to an important account. One of the most common ways of doing this is adjusting your security settings on an account so you have to type in your password and a string of six numbers that is sent to your smartphone as soon as you try to log in.
Unfortunately, many business people don’t understand just how important two-factor authentication is. The following are three key reasons why you need to use it for your business accounts.
It Almost Completely Deters Certain Common Cyberattacks
Google has found that adjusting your security settings so that you have to type in a password and SMS code before opening your account will block 100% of automated attacks and 96% of bulk phishing attacks. This makes two-factor authentication more secure than other commonly-used cybersecurity solutions such as spam filters, web filters, anti-malware software, and even Microsoft’s Exchange Online Protection.
It Decreases the Odds of a Hack
Unfortunately, determined cybercriminals can still hack into accounts that use two-factor authentication. That is why IT experts recommend not only using two-factor authentication but also taking other precautions such as using strong passwords for each account, checking links before clicking on them, and not using public wi-fi for business purposes. At the same time, experts note that most cybercriminals aren’t interested in spending long hours hacking into a single account. If your account is more secure than the average business account, hackers will leave it alone and search for easy prey.
While it takes time to add two-factor authentication and then type in an additional security code to access your account, it’s far more time-efficient than trying to recover stolen data, having malware removed from your IT system, or spending time apologizing to business partners and clients in the wake of a breach.
It Boosts Customer Confidence in Your Business
Consumers know that data breaches aren’t uncommon occurrences. They also know that such breaches can even happen to large, seemingly impenetrable companies. Losing consumer confidence is one mistake your business cannot afford to make as a recent survey has shown that:
- Nearly 80% of consumers will stop engaging with a brand online if that brand has experienced a data breach. More than one in three consumers would stop engaging with the brand altogether.
- Nearly half of all consumers won’t do business with a company that has experienced a data breach at any point in time.
In short, keeping your data secure at all times can mean the difference between a thriving business and a failed one.
Do You Need Professional Help?
Do you need help setting up two-factor authentication for your business? If you don’t have the time to ensure that all your business accounts use this all-important security tool, and/or you want to increase overall IT security and efficiency without hiring a full IT department, partnering with an IT managed service provider maybe your best course of action.
Kyocera Intelligence specializes in offering top-tier IT managed services to businesses in Maryland, D.C., Pennsylvania and Southern New Jersey. We work with corporations, SMBs, schools, law firms, and non-profit organizations to provide a wide range of IT tools and services at a very reasonable cost. Get in touch with us to learn more about our service plans or to make an appointment with one of our IT experts.