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// PREDICTIVE INTELLIGENCE //
MFA for SMBs :
THREE BARRIERS TO ADOPTION AND HOW TO OVERCOME THEM
Multi-factor authentication ( MFA ) can be a viable and cost-effective solution for small and medium businesses to deploy to prevent the majority of cyberattacks . There are many benefits to MFA but what are the barriers to adoption for SMBs ? Andrew Bull , Senior Director Regional Sales EMEA in HID IAMS , explains what these barriers are and how to overcome them .
HILE BUSINESS BEHEMOTHS
W often steal the economic headlines , it ’ s small and medium businesses ( SMBs ) which really steal the show . For context , the US Small Business Administration reports there are 32.5 million small businesses in the United States , compared to only 20,516 large businesses . This means that 99.9 % of all US firms are considered to be small businesses , which are generally defined as independent organisations having fewer than 500 employees .
And while the headlines might suggest that cyberattacks only impact large organisations , their smaller counterparts are equally vulnerable to these attacks and their related consequences .
Consider this : 80 – 90 % of cyberattacks could be prevented by the use of multi-factor authentication ( MFA ).
With this much protection offered by a single solution , what should SMBs know about MFA ? And how can they work to adopt it more effectively ?
A quick introduction to multifactor authentication
If you need an introduction to multi-factor authentication , or MFA , the concept is relatively simple . Instead of using a single authentication factor , like a standalone password , MFA solutions verify a user ’ s identity using a combination of a variety of factors , such as a smart card , security key ,
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THE RIGHT MFA SOLUTION SHOULD OFFER A VARIETY OF AUTHENTICATION METHODS BUT SHOULD ALSO BE EASY TO ADOPT .
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