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Two Factor or not Two Factor? That is the question

Two Factor or not Two Factor? That is the question
1
Jun

It’s official. We are all squirrelling more and more data to the internet than ever before. In fact, over 90% of the world’s data was created in the last 2 years. This boom in data is due to a number of factors, not least our increased reliance on cloud services, both in the workplace and in our personal lives. So with all this intelligence stacking up in the worlds datacentres, it begs the question, how secure is our data?

On average, we humans have over 40 online accounts for different services, many of which are unused. However, we don’t have 40 individual passwords. Research has shown that the average person has no more than 6 passwords which they share across their accounts. This statistic creates a huge concern for security experts and IT stakeholders, especially in large corporations that have a lot of intellectual property to safeguard.

Some start-ups have tried to reduce this risk with password management solutions but these use a master password which still leaves your data at the mercy of a single key.

More recently, two factor authentication (also known as two step verification) has been introduced. This requires the user to enter their username, password and a third value which can come via SMS or from an authentication application. It’s not without its flaws but when asking yourself the question, should I two factor? The quick answer is yes, absolutely.

StableLogic have years of experience advising multinational corporations on security and best practice.

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