Identity theft is a highly rewarding yet low-risk type of crime to all businesses. This is where multifactor authentication solution companies step in to reduce and put an end to this fast-growing type of crime which is more profitable than drug crimes. With cybercrime showing no signs of slowing down, it’s time for companies to strengthen their multi-level of defense. In this digital era, enterprises are inundated with security aspects while they are working on cloud migrations, an influx of the customer’s own devices, and other trends. This confluence of new technologies is set to help businesses move away from password-based authentication towards a more-secure, less-invasive approach that relies heavily on behavioral monitoring and a range of inputs from smartphones and other devices.
Further, unified platforms are penetrating the global multi-factor authentication market to reduce the cost involved for companies to maintain separate platforms and modules for scanning fingerprints from smartphones (biometrics), voice analysis or deriving metrics from monitoring of mouse movements, and other distinctive user characteristics. In addition, security-driven Artificial Intelligence (AI) platforms are also making a huge impact on cybersecurity space, and it’s also a revolutionary idea in the world of internet security today. The edge that AI has is that it is constantly learning and working alongside human engineers to predict a cyber-attack before it actually happens, thereby preventing it at the earliest.
While security is an integral aspect when it comes to business, the fight for data security and privacy continues; the longer it goes on, the more the company’s demand for standard security grows. Truly, now is the right time for enterprises to consider using multi-factor authentication for their business. To help CIOs zero in on the right fit, multi-factor authentication solution for their organizations, Enterprise Security Magazine presents the “Top 10 Multifactor Authentication Solution Providers 2018.”
