According to a 2018 data breach investigation report by Verizon, 92.4% of the malware an organization receives is delivered through email. Each malware attack costs at least $2.4 million to repair. One of the best ways to combat email security risks is by using Multi Factor Authentication which can be adapted for user convenience and added security.
Multi Factor authentication requires two or more evidence factors before allowing a user to access an email or website. This typically includes a password, answer to a security question, a onetime pass code or biometric details.
However, in the face of increasingly sophisticated cyber attacks, most organizations and especially those that deal with highly sensitive information have to incorporate added security layers through the use of adaptive multi factor authentication.
Adaptive multi factor authentication works by looking at the user’s behavior, role, device used, location (including IP address) and other static and dynamic factors before allowing authentication.
This can help to protect your business in the following ways.
Prevention Of Real Time Phishing
Real time phishing occurs when a Man-in-the-middle hacker redirects visitors from a search page to a fake website. The fake website looks exactly like the real one and users are then asked to provide details such as account details and passwords.
The hacker will then use these details to impersonate the user. Then, he or she can carry out transactions, withdraw funds and generally act like the person they’re impersonating.
A practical example of this would be a user who signs in to his/her online bank account and gets a redirect to a fake site. They then have to input their details including password and other two step factor details.
The next time they sign in they discover that money was withdrawn from their account. Adaptive multi factor authentication adds several layers to a security system.
This means that hackers have a harder time breaking in or even find themselves completely locked out.
Hackers have become so sophisticated that they can use malware to obtain one time passwords (OTP) from mobile devices. They then use these passwords to impersonate your website’s users. This allows them to steal money, use credit cards to make payments and generally act like a normal website users.
Adaptive multi factor authentication can recognize any unusual patterns in a user’s account. It will then prevent access until you have time to confirm that the right person is trying to sign in.
Preventing Sign In From Multiple Geographical Locations
Adaptive authentication systems can tell if different people are trying to sign in from different locations. For instance, if the correct user signs into his/her account in San Francisco and a hacker tries to sign in 20 minutes later in New York.
In this case, the system will be able to detect fraudulent activity. It will then deny access until it receives additional information.
Conclusion On Multi Factor Authentication
Cyber attacks usually occur via phishing and other activities that compromise user email details. Two step and multi factor authentication have typically provided a defense against these.
However, as hackers become more and more sophisticated, website owners and businesses will have to use even more stringent methods to protect themselves from attack.
Among the best ways to do this is by making use of adaptive multi-factor authentication. This adds several layers to a website’s security. Ultimately, this makes it much harder for hackers to gain access.