Multi-Factor Authentication: Understanding the Futrue of Secure Access
You may have heard the term Multi-Factor authentication (or MFA). Even if you haven’t, it’s likely that you are using it today with one or more of your online accounts. When your online banking and credit card applications require you to receive a one-time authorization code via text message and then plug it into the app after you log in – that’s one type of multi-factor authentication (MFA). When your online app asks your phone app to authenticate you, via thumbprint or a “is this you” prompt, that’s MFA. And while Multi-Factor authentication is a minor interruption for the user, it allows your financial institutions to make sure it’s really you logging on—giving you peace of mind that a cybercriminal who might have gotten your login credentials can’t get in and take your money.