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Cybersecurity is currently a major concern for business executives and leaders across the globe. Cyber attacks are now the fastest-growing crime in the developed world, and among the most profitable as well. These attacks are continuously evolving, becoming increasingly sophisticated, severe, and costly.
The most critical areas of security interest are data access control and user authorization. Most data breaches, system penetrations, and frauds can be attributed to hackers gaining access to user credentials.
There is a need for user authentication systems that go beyond granting access to sensitive accounts and data to just anyone presenting valid credentials. This is where multi-factor authentication (MFA) comes in.
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