Emerging Trends In Multi-factor Authentication

Emerging Trends In Multi-factor Authentication

Reputed companies and firms suffer huge losses due to the compromised credentials and data theft by hackers. The cyber security framework needs an upgrade at regular intervals as the cyber criminals are continually evolving new ways of carrying out the breach. Multi-Factor Authentication proved to be a great tool in checking the cyber crime. It has become one of the most popular and trusted measure against the current day threats posed by hackers or cyber criminals. Many businesses have adopted this security measure and have witnessed a significant rise in the level of security. has helped in bridging the gap between the employee authentication and corporate market security in the cyber world. The multi-factor authentication business will cross $1 billion marks soon in the market. Software vendors are developing new methods to be incorporated into the framework of MFA as this field of cyber security has a very rich potential of utility. Here is list of the emerging trends in MFA and their advantages: Multi-Factor Authentication adds another layer of security to the traditional password-based authentication by introducing a personalized token device(exclusively owned by the user) which acts as the another level of security. Both the password and verification code received on the token device (usually mobile phones) together are needed to log in, if no token device is their one cannot access the user’s account. Simply, MFA uses more than one step to login in the account making the process complicated for logging in. This significantly reduces any suspicious hacking activity and cyber crime. In recent year BYOD (Bring your own device) has posed many problems for the workspace in companies, threatening the cyber domain. Employees using their own devices poses a great risk to the important credentials and data owned by the companies. OOB (Out of band) MFA is becoming popular in the cyberspace as it uses two separate networks simultaneously to work, the transaction of data cannot be done without the use of the second network. Cloud-based MFA is being adopted more and more due to its reliability, scalability, easy installation, and up gradation. This type of MFA is less dependent on the internal IT personnel and has almost zero maintenance cost. Unified platforms are being developed by vendors to integrate hardware-based authentication with software-based authentication, this will reduce costs and lead to an increased adoption of MFA in the cyber security framework. Other Multi-Factor Authentication methods that are being implemented more and more in the cyberspace include biometrics, geo-location, app-based authentication, tamper resistant password tokens, device ID and application credential management. All these MFA methods allow a more mobile and secure workspace for the users. Thus, an increase has been witnessed in the implementation of Multi-Factor Authentication in the cyber security domain and it is going to be adopted on a wide scale to provide a better and secure cyberspace.

By WebEditor

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