Basic Guide to Multifactor Authentication

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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.

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Article and topics well cover
Lets dive in!
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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.

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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.

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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.

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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. Heres how you can set up.

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Thank You!

• Looking for information about MFA?Go through
  LoginRadus MFA solution or contact us.