As cyber threats continue to become more widespread, it is extremely important to ensure you’re taking proper precautions to protect your data. From our industry experience, we have learned that it is not a matter of if, but a matter of when you are hacked. To increase your protection , there are some simple precautionary measures you can take to ensure that only users with access to your resources are able to login to your database and they are two-factor authentication and two-step authentication. In this blog we will highlight the differences between the two to help you decide which better addresses your needs.
The Allianz Risk Barometer is an annual survey with the objective of identifying the largest corporate risks over the year by obtaining information from over 2,500 risk management experts across the world. Their recent survey shows that most businesses are extremely worried about cybersecurity threats over other potential threats such as COVID-19, supply chain issues, business interruptions, climate change, and other factors that pose as a risk to businesses world wide. For the second time in the survey’s history has cybersecurity threats topped this chart which goes to show just how important cyber protection is to your company.
For this reason, business owners across the country have been increasing their data security measures. One way to increase your company’s security is through the use of two-factor or two-step authentication. Below we highlight the key differences you’ll find useful in choosing which is best for you.
Two-factor authentication (2FA) is a security measure that requires a user to enter two different forms of authentication to prove they are who they say they are. An example of this would be entering your passcode and also entering a PIN, personal security question, or something physical such as a physical token or key fob. You’ll only be given access to login if both the password and the secondary from of authentication are both correct. Because there is an extra step of authentication, hackers will have more difficulty trying to break into your network, making this an effective preventive measure.
Two-step authentication (2SA) is similar to 2FA and is an extra layer of protection that can be added to your online accounts. 2SA works by entering a password which then triggers another form of authentication tied to your email or a personal device such as your smartphone.
This second from of authentication could be a code generated after entering your password, a push notification, or even a phone call to your device. It really depends on what service you use and what form of secondary authentication they provide. The nice feature of 2SA over 2FA is the second form of authentication is sent to another device or email making it even more difficult for a hacker to have access to both your password and the device of the second authentication.
Which one is better?
Simply relying on a single form of authentication like just a password will not work anymore. As hackers continue to develop their skills and cyber crimes continue to rise, you will want to ensure that you are taking some form of security protection through the use of another verification source. To determine if 2FA or 2SA is better for your company, contact RJ2 Technologies today to get in touch with a team of experts who will help you decide which better suits your needs.