Intelligent CISO Issue 51 | Page 62

BUSINESS SURVEILLANCE

WHAT DOES MULTI-FACTOR AUTHENTICATION ( MFA ) MEAN FOR THE FUTURE OF BUSINESS ?

Travis Spencer , CEO of Curity , takes an in-depth look at how Multi-Factor Authentication ( MFA ) bolsters the security of a single password and the protections MFA provides to secure businesses .
t ’ s been over a year

I since the infamous Colonial Pipeline attack took place . Due to this ransomware hack having such dire consequences , such as fuel shortages , various reactions have taken place including President Biden ’ s executive order on cybersecurity . The attack was more than a harsh example of ransomware , it was also a stark indication

that passwords are a severe weakness in organisations ’ defensive capabilities . In the case of Colonial Pipeline , the attack came through such a weak point - the attackers exploited a legacy VPN that was protected by a single password . Once hackers got ahold of this , they were able to obtain control .
Multi-Factor Authentication ( MFA ) is a technique to bolster the security of a single password . In the continual arms
Travis Spencer , CEO of Curity
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