Benefits of using two factor authentication

Login security breaches have become very common recently. Malware, stolen passwords and phishing attacks have become very common. As a result, it has become essential to use more complex and stronger passwords. But, one time reliable passwords have become the weakest link. Even in a research it was found that that two-thirds of all breaches are particularly the result of stolen or weak passwords.

This is where two factor authentication or 2FA proves helpful. 2FA is an easy yet effective way of improving security via the user login sequence by just adding a second factor of authentication to the typical username and password.
Here are a few benefits of using two factor authentication.

Benefits of using two factor authentication

Your data is difficult to compromise

Using 2FA not just adds an additional layer of protection to your account but also works as a warning. While an attacker can hack one layer of authentication, it is almost impossible to crack both. Moreover, companies generally use one time password as a second layer of authentication, which is usually sent of registered mobile number as an SMS.

You are alerted about any attempts made to access your account
2FA has a great advantage of alerting you about any unauthorized attempts made on your account to access your information. Like, getting an SMS with an OTP when you are not using your account. With two factor authentication, you are immediately made aware of any unauthorized logins, allowing you to take further security measures like updating your bank about the attack or changing your login details etc.

2FA is popularly used by banks and financial institutions. In addition, bulk SMS WordPress plugin allows you to automate the procedure by adding the functionality of SMS gateway in your system or website.

Comments

One Time Password- Usage and Benefits

With the introduction of new techniques of verifying a user like fingerprint scanning, face recognition, retinal scans, and puzzle solving; daily static passwords are being less protected and unwieldy for users to keep in mind. When the Internet first began, it was exhilarating to have a powerful and hard to detect password for your emails, but now these similar types of passwords can be simply detected and hacked into. Increasing number of people are using online banking, making financial transactions, buying things online on their Smartphone, and keeping sensitive information on the Internet. Regular passwords are not very secure to defend users against malware and hacker attacks. So, One Time Password is the best method to defend users from fraud and malware attacks, particularly if combined with an out of band verification method. One Time Password Services Banking and financial organizations use OTPs to secure their user logins using an out of band veri...

One Time Password- A Significant Authentication Method for Every Business

One Time Password or OTP is an added two-factor authentication for financial and sensitive transactions performed online. OTP is a four to six-digit arithmetical code delivered in real-time as SMS to any user’s registered mobile or cell phone number when performing the transaction. As far as signing into websites and computer systems is concerned, it generally involves entering a throwaway password, which is applicable only once and gets changed every time you log-in. Typically, a one-time password is a sequence of worthless numbers or characters or it might be a half dozen or so small, unsystematic words. How would you know your OTP if it keeps varying? It is not something you are anticipated to keep in mind: it is produced automatically and delivered to you by some process other than online transmission. It might be delivered to your cellphone (mobile phone) as Bulk SMS ; it could be produced by an app running on your mobile phone or by a fanatical, handheld electr...

2FA Security Becomes Essential As Cyber Breaches Affect Millions

Most of us regularly use our credit or debit cards for online transactions and nearly everyone has some sort of social networking account in their name with private details kept in it. In this day and age, where all resources and services are accessible within a few clicks, it is obvious to purchase anything online or transact money. Users are now becoming more responsive about making powerful and complicated passwords for making their personal data safe. That definitely is one step ahead, but it is not sufficient. The one security solution increasingly being implemented by financial institutions, banks, IT companies and topmost social networks is two-factor authentication or 2FA . One Time Password Through Bulk SMS Two-factor authentication depends on something that user understands, i.e., login ID and password and something they physically have like mobile, USBs, or some other devices. Once you implement two-factor authentication processes, you have to enter one time pa...

Two Factor Authentication

Search This Blog