Multi-Factor Authentication software typically means that users need more than simply a user name and password to access accounts, but instead users are normally required to have at least a text message code or email confirmation to access accounts. The most secure MFA solutions typically require users to have three factors to prove identity, including something they know (a password) something they have (a notification sent to a trusted device, such as a smartphone) and something unique to them (such as a fingerprint or face scan).

It’s vital that businesses have a strong MFA solution in place, particularly as organizations are moving towards having multiple cloud based SaaS accounts that have access to much of an organizations sensitive data. It’s vital that these accounts are secured with stringent security measures in place.

The best MFA solutions will combine these factors using a combination of biometric and contextual features that increases security while ensuring that the log-in process remains as smooth as possible. The best solutions should also be easy to manage, and easy to deploy across an organization at scale.s

What are the 10 Reasons Why Your Business requires Multi-Factor Authentication (MFA) Software?

Digitization is the new global buzzword for the online revolution created by the advent of smart mobile phones. Today everyone has a phone and it’s akin to life itself. The mobile phone has become one of the indispensable gadgets of the modern era.
 

In Europe, Digital Identity has been mandated under the EU regulations with the introduction of the eIDAS regulation. The aim is to create a single Digital market to enable the issue of electronic identification across all European Union States. Electronic identification (eID) is one of the tools to ensure secure access to online services and to carry out electronic transactions in a safer way.
 

In Ghana, the Bank of Ghana Cyber Security regulations now require financial institutions and Fintech Companies to ensure Multi-Factor Authentication for financial transactions, and access to financial services.
 

Digitization is the new global buzzword for the online revolution created by the advent of smart mobile phones. Today everyone has a phone and it’s akin to life itself. The mobile phone has become one of the indispensable gadgets of the modern era.
 

In Europe, Digital Identity has been mandated under the EU regulations with the introduction of the eIDAS regulation. The aim is to create a single Digital market to enable the issue of electronic identification across all European Union States. Electronic identification (eID) is one of the tools to ensure secure access to online services and to carry out electronic transactions in a safer way.
 

In Ghana, the Bank of Ghana Cyber Security regulations now require financial institutions and Fintech Companies to ensure Multi-Factor Authentication for financial transactions, and access to financial services.