The internet has simplified the way we work. But as it’s grown, so too has the amount of cybercrime. In fact, the FBI reports that the reported losses due to cybercrime exceeded $4.1 Billion in 2020. . Large and small businesses as well as individual accounts are all vulnerable to attack by expert cyber criminals, particularly if they are careless about password security. Cyber experts all agree that businesses must do more to safeguard their data before they incur huge losses by way of data breach. One of the best ways to improve security is to add two-factor authentication into the mix.
The two-factor authentication method has been proven effective by a number of reports. Simply put, many forms of two-factor authentication require. Users can enter two pieces of information to access an account. One is the typical password, the other is a one-time password that is often texted or emailed to the user This improves security by requiring any user to have access to both a password, and a device capable of receiving a two-factor authentication code.This method, if applied correctly, can greatly strengthen your business account’s password security, making it almost impossible for hackers to access sensitive data.
Overall Benefits of Applying Two-Factor Authentication to Your Business
- Stronger account and password security.
- Better flexibility and adaptability for your business, as now employees can access their account from anywhere without putting data at risk.
- Decrease in security management costs.
If you’re looking for ways to enhance security beyond two-factor authentication, you might consider the various ways you can encrypt the data you store. For many, this means using a secure encrypted drive like those provided by DataLocker. Reach out to our team to sign up for a custom demo today.