Identity Proofing with Advanced MFA Methods
Access to corporate resources by statistic usernames and passwords alone is not sufficient today to secure enterprise data due to the increasing breaches and the advanced technologies that hackers use to access and manipulate data. In this digital age, it is vital to validate identity and control data access, and multi-factor authentication has become such an essential requirement. When security teams confront trends such as cloud migration and consumers' influx, authentication approaches, strategies, and plans will continue to evolve.
The demand for multi-factor authentication (MFA) has grown steadily over the years. In the past, authentication has often been used in a company to address certain groups and use cases such as access to VPNs. There is now a need to establish standard authentication processes for a much broader range of applications and users—such as protecting access to collaboration portals and cloud-based services. In response, prominent vendors like Dropbox, Facebook, Google, LinkedIn, Microsoft, and Twitter have added authentication capabilities to their online services as a result of significant breaches of security. The need for enterprises to use multi-factor authentication is continuously increasing. This desire is driven by demands to mitigate risks and address compliance mandates and to preserve safety in the midst of emerging developments like the proliferation of cloud services.
Market Study Report LLC's Global MFA Market report provides comprehensive coverage of industry through brief analysis, data charts, figures, and statistics to facilitate the process of taking business decisions. The global multi-factor authentication market is expected to grow at a CAGR of 18 percent, and there are several reasons behind the popularity of MFA like the escalated security and the improved protection it provides compared to a single username and password combination. The two-factor MFA model was then followed by the authentication of three, four, and five-factor models too. A wide variety of applications leverage different models of MFA: BFSI, government, immigration and travel, trade safety, electronics, and healthcare.
There have been various factors combined for access control methods. The increasing demand for safety-related applications has led to a rising interest in the protection of confidential data by means of password, token, and biometrics.
Check this out:
Top Identity and Access Management Solution Companies in Europe
Top Identity and Access Management Consulting Companies in Europe
Read Also
Featured Vendors
THETA432: Performance, Precision, Efficiency, Visibility - The Key to Incident Response and Answer to the Talent Shortage
EveryCloud Technologies: Delivering Powerful Email Filtering Services" title="Graham O\'Reilly, CEO & Co-Founder" style="float:left; margin-right:10px; margin-bottom:20px;" width="60px" height="50px">
EveryCloud Technologies: Delivering Powerful Email Filtering Services
Onepath: A Responsive Info-Security Management Framework – the easier way to dramatically improve your overall info-security posture
Covenant Security Solutions, Inc.: Revolutionary Solutions to Mitigate Security and Compliance Risks
EDITOR'S PICK
The IT World: An Ever Changing Place With Constant...
By Pete V. Sattler, VP-IT & CIO, International Flavors &...
Deploying In-Memory Capabilities To Meet Tomorrow's...
By Benjamin Beberness, CIO, Snohomish County PUD
Tech Provider, Delivery Partner or Both?
By Gary Watkins, CIO of IT Shared Services, KAR Auction...
Technology Helps Supply Chain Embrace Uncertainty
By Tonya Jackson, VP Global Supply Chain, Lexmark
From Bean Counter to Propeller Head: Lessons Learned by a...
By Chad Lindbloom, CIO, C.H. Robinson
Efficient Ways to Manage Data and Make Effective Decisions
By Ryan Fay, CIO, ACI Specialty Benefits
Democratizing IT Technologies to Improve Sales...
By Kris Holla, VP& CSO, Nortek, Inc.
The Cloud (still)Doesn't Support VoIP
By Shawn Wiora, CIO & CISO, Creative Solutions In Healthcare
AI and the Future of Field Service: Moving from...
By Michael Alcock, Director-CIO Executive Programs &...
Revolutionizing Industrial Mining through Smart Tools
By Jeff Bauserman, VP-Information Systems & Technology,...
Virtualize, Cloud, Mobile First
By Wes Wright, CTO, Sutter Health
Performing as a Turnaround CIO Artist, It's Not Magic...
By Peter Ambs, CIO, City of Albuquerque
By Mark Ziemianski, VP of Business Analytics, Children's...
The Highway's Jammed With Broken Heroes on A Last Chance...
By Jonathan Alboum, CIO, The United States Department of...
AI Can Improve Patient Outcomes, but will Pharma Get...
By Ryan Billings, MS, MBA, Executive Director, Digital...
Creating a New Productive Work Environment
By Christina Clark, Managing Principal, Cresa
Blockchain and The Law: How a Simple Project can get...
By Evan Abrams, Associate, Steptoe & Johnson LLP
Scope of IT Services in Today's Business Landscape
By Holly Baumgart, Vice President-Information Technology,...
Digital Transformation in an Ever Changing World
By Melissa Douros, Director of Digital Product Management,...
The Digital Transformation of the Insurance Industry
By Andrew Palmer, SVP & Chief Information Officer, U.S....