Recent publications have noted a dramatic increase in the number of security attacks in the last year, with some organizations reporting over 1,500 malicious attempts per day. One of the most prevalent types of attacks is spear phishing, where individual users are targeted with the intent to steal personal information (including system credentials) and/or install malware. While many organizations have adopted additional security practices to protect their organization and its employees, others have been slow to act. To encourage the use of additional security measures, Dayforce has added a set of native multifactor authentication features to Identity and Access Management (IAM), focusing on quick and easy configuration and registration processes.
Multifactor Authentication (MFA) is an electronic authentication method in which a user is granted access to an application only after successfully presenting two or more types of evidence to verify their identity. In IAM, this evidence is “knowledge” (the user’s credentials) and “possession” (a mobile phone or land line that has been registered with the user’s IAM account). Prompting the user to verify their identity in this manner safeguards the user’s personal information in targeted security attacks because even if a user’s credentials are compromised, the malicious actor will still be required to provide the “possession” evidence in order to access IAM.
Anchored in modern technology, MFA provides organizations peace of mind for the overall security of their systems from unauthorized access to confidential and critical data while saving unexpected costs for security. The primary benefits of IAM MFA include:
- Reducing the risk of security breaches by providing multi-step authentication for accessing sensitive data
- Providing peace of mind for your employees by demonstrating your commitment to protecting their personal information
- Deploying MFA across your organization easily and without incurring additional costs