Guide to Multifactor Authentication (MFA)

A basic guide to MFA Presentation by - Srishti Singh

Multi-factor authentication (MFA) is used to ensure that digital users are who they say they are by requiring that they provide at least two pieces of evidence to prove their identity. Each piece of evidence must come from a different category: something they know, something they have or something they are.

Article and topics we’ll cover 01

What is MFA

02

How does MFA work?

03

6 benefits of using MFA

04

Implementing MFA with LoginRadius Let’s dive in!

What is Multi-factor authentication?

Multi-factor authentication is a form of electronic authentication in which access to a website or application is given to a computer user only after two or more pieces of evidence are successfully submitted to an authentication mechanism: information, possession, and inherence.

How does MFA work?

MFA works by requiring additional details about verification (factors). One-time passwords are one of the most common MFA variables that users encounter (OTP). The 4-8 digit codes you often receive via email, SMS or some kind of mobile app are OTPs. With OTPs, a new code is created periodically or every time a request for authentication is sent.The code is created on the basis of a seed value assigned to the user when they register first and some other factor that may simply be an increased counter or a time value.

6 benefits of MFA 1. Reduce Fraud & Identity Theft- By requiring additional security mechanisms that thieves can rarely access, the MFA eliminates fraud and identity theft.

2. Increase Consumer Trust- While additional verification measures can often seem annoying and excessive, consumers trust and appreciate companies that take precautions to seriously protect them.

3. Achieve Compliance- Specific compliance mechanisms, such as GDPR and HIPAA, are mandated by some industries. Health, finance, and government bodies require companies to follow specific guidelines that protect the interests of customers and minimize risk. When deciding your security requirements, make sure you understand the specific needs of your organization.

4. Reduce Operating Costs- It takes companies time and resources to report suspicious behavior to consumers on their accounts. MFA decreases the incidence of fraud, reducing the efforts of the support desk and allowing workers to concentrate on more difficult problems with customer service.

5. Combat Password Fatigue- Adding MFA protections against password exhaustion and adding an additional protection buffer means that even easy or repeated passwords will not be compromised by cybercriminals.

Implementing MFA with LoginRadius If you want to get the most out of the LoginRadius Identity platform, you need to enable MFA. This process is relatively easy.

Currently, LoginRadius supports SMS Workflow and Google Authenticator Workflow as authentication methods. Here’s how you can set up.

Thank You! Looking for information about MFA? Go through LoginRadus MFA solution or contact us.