Digital transformation is a top priority for nearly all enterprises. From creating mobile experiences for customers, moving apps to the cloud and replacing on-premises infrastructures with cloud solutions, the IT professional's priorities are shifting heavily and quickly toward digital initiatives. As security leaders adopt these new application and cloud technologies, minimizing risk must be top of mind--and relying on passwords to minimize this risk simply is not enough.
According to Verizon's 2017 Data Breach Investigations Report, 81% of hacking-related breaches leveraged stolen and/or weak passwords. That's an 18% increase from the year prior! Many, if not all, of these increasingly prevalent incidents could have been prevented with stronger authentication methods, like two-factor authentication (2FA) or, better yet, modern multi-factor authentication (MFA).
Modern (i.e., contextual and risk-based) MFA moves beyond the traditional protocol to apply authentication requirements based on the risk involved in the requested access. By applying additional authentication only when needed, contextual MFA provides more secure access, a better user experience and lower costs to your enterprise.
Juggling security, cost and user experience may sound like a significant undertaking, but it can be done and it's what modern MFA was made for. To learn more about how to move beyond passwords with an MFA solution, download our reference guide The Security Leader's Guide to MFA.
1 "Verizon 2017 Data Breach Investigations Report," accessed May 11, 2017, http://www.verizonenterprise.com/verizon-insights-lab/dbir/2017.