After a number of high-profile security breaches and very heavy fines, account security has been top-of-mind for many organizations. Some of these breaches could have been prevented or at least made much more difficult with sensible data encryption, hashing, or the implementation of multi-factor authentication (MFA).
Many companies take IT security extremely seriously, but there are also many who have, in the past, chosen to take their chances, determining that the cost of implementing security measures exceeds the weighted cost of a breach. Of course, it is not as binary as this: it is possible to take security seriously, but not seriously enough!
As we are now seeing, however, the risk formula is shifting in both parameters: attacks are becoming more sophisticated and more common, and due to new regulations such as GDPR, the potential costs of a breach are much higher. Companies who are currently taking their chances urgently need to revisit their risk assessments!
Does MFA keep you safe from cyber attacks?
Multi-Factor Authentication (MFA) is becoming more and more popular. The problem of account security is solved if you have implemented MFA, surely?
This simple formula has some truth to it – of course, account security is improved by the implementation of MFA, and attacks are therefore harder to carry out. But just how secure are MFA-protected accounts?
To answer this question, we have to examine authentication in general, and the attacks on it. In this webinar, Oxford Computer Group’s worldwide CTO James Cowling does just that. He discusses:
- What is authentication? MFA? 2FA?
- What sort of attacks on authentication are prevalent?
- Can MFA thwart all attacks? Which problems remain?
- Is there “good” MFA and “better” MFA?