Big organizations and different verticals like healthcare, education and finance are updating their data storage and record management systems to give out-of-the-way access to information on a network or all over the Internet. Even though security is generally offered in many of these systems, many of the security processes like static usernames and passwords are fragile and are not enough to defend against phishing, middleman attacks, malware and different types of fraud attacks.
On the other hand, powerful authentication methods like two-factor authentication have been used to fight against the growing number of fraud attacks and have become a norm for authorization in different industries like healthcare and finance. 2FA or authentication using two-factor methods such as using a login, or something you recognize, and a one-time password via a mobile device is a much secured way of verifying a user that is allowed to access data out-of-the-way. Unauthorized users attempting to access insightful data will be dissatisfied from their efforts because even if they have single-factor authentication, they will not have the double or two-factor authentication to look into insightful data.
Two-factor authentication solutions that use out of band verification with OTPs can also be simply implemented and can be affordable for various organizations because there are no costly hardware tokens to organize as most users already have access to a mobile phone to verify themselves. This type of authentication can also be easily implemented in various security methods without general training of users and can be implemented in network servers, the cloud, SMS API PHP, computer hardware and software.
Risks to online security like hardware and software key loggers are one way by which fraud attacks take place. These types of threats are usually difficult to identify and two-factor authentication solution methods that use out of band authentication with active one-time passwords decreases these types of attacks because even if key loggers are successful in retrieving one factor of authentication, they will not be able to recover the second factor of authentication like active OTP delivered through a mobile phone.
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