Do you remember all the passwords that you have ever set or are you normal and tap on the forgot password tab instead?
Fact is, we use a variety of apps on a regular basis, and remembering the passwords for all of them is difficult. To circumvent this problem, users often use the same password for everything, unaware that this leaves their data open to hacking. Once a password has been stolen, hackers can use it to get into apps and company systems and create serious data theft problems.
According to Accenture’s “Ninth Annual Cost of Cybercrime Study”, information loss is the most costly component of cyberattacks at about 5.9 million dollars. Therefore, to prevent this from happening for our users on Quixy, we have put in place a Multi-factor authentication security technology. Before getting into the methods of that, let us first understand its basics.
While still, passwords are necessary to protect your data, with data theft on the rise, it is necessary to add another layer of security. Multi-factor authentication provides that extra layer of security. MFA is a security mechanism that requires several ways of authentication from different categories of credentials to authenticate a user’s identity for a specific purpose. According to Microsoft, your account is less likely to be compromised if you use MFA.
The purpose of multi-factor authentication (MFA) is to construct an extra layer of defense that makes it more difficult for an unauthorized person to get access to a computing device, network, or database. Even if one element is lost (which in our case is the password), the attacker still has one or more barriers to overcome before gaining access to the target because of the enabled Multi-factor authentication.
Explore: Quixy – Security & Privacy
Multi-Factor authentication combines verification technologies from at least two different groups or authentication factors: what the user knows, such as a password; what the user has, such as a security token like OTP(One Time Password); and what the user is, such as retinal scan and other biometrics.
With data breach cases are on the rise, we at Quixy take utmost care in keeping the user and company data safe from any potential cyber attack. The platform offers three methods of additional verification namely Google, SMS, and Email for a user to choose from. Also, we offer easy enabling and disabling of the Multi-factor authentication for any user, either done by the user himself or by the master admin. Not to mention, that even if the MFA is disabled the data will still be protected by the user password.
Choosing Google as a Multi-factor authentication method under my profile section will display a QR code. Users can scan this QR code on the Google Authenticator app on their mobile phones. Once done, the PIN generated within the Google Authenticator app will be required to login in addition to the username and password. This PIN is refreshed frequently to ensure security.
The other method is SMS, wherein a unique code is sent to the user’s registered mobile number when a user tries to login into the Quixy application. This protects the account from anyone else who may know the username and password to get access to it. According to Google, an SMS code sent to a phone number helped block 100% of automated bots, 96% of bulk phishing attacks, and 76% of targeted attacks.
The third method available to the user is verification through Email. Under this method, every time a user tries to log into his/her Quixy account, a unique code will be sent to the registered email ID. Access to the user account will only be given when the code is entered.
It is not just the employees who give their critical data to the company, it is also the company who entrusts them with company information, which if lost can lead to a major loss. However, neither of the parties can protect the data if there is an attack from the outside. Therefore, efforts taken in order to protect information are important and we recognize that. The goal for providing multi-factor authentication is just another attempt to keep the user data safe among others.
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