QED
English
QED
English
All Blogs
Multi-Factor Authentication Solutions: The Key to Digital Security
In today’s world where cyber threats are becoming more complex, depended only on a password to safeguard sensitive information is now inadequate. Hackers can easily break weak passwords to obtain login credentials and bypass old security measures. This is where Multi-Factor Authentication (MFA) comes in – providing an additional layer of security that makes unauthorized access quite almost impossible.
Here at QEDVault, we bring forward-the-edge Multi-Factor Authentication (MFA) solutions to help businesses, financial institutions, and individuals secure their information, transactions, and sign-up information. But what is MFA, anyway, and why do we need it in today’s technology-dominated world? Let’s break it down.
Multi-factor authentication or 2 Step Verification (2SV) is a method of security that, in addition to accurate user name and password, requires one or more verification steps through a separate device, knowledge, location, or biometrics to gain access to an account, system, or platform.
Not just a password MFA requires an extra authentication pass to guarantee only the appropriate individual can sign.
Consider it an extra or extra bolt on the digital lock of your accounts. Even if a hacker has your password they can’t get into account because the extra authentication steps are forward of the password.
MFA relies on a combination of the following factors:
By combining two or more of the factors listed, MFA ensures that if one factor is compromised, the attacker will still not be able to access it.
Die KeyCode –
Passwords sind schwach. Making multiple layers, in fact, makes it highly difficult for hackers
to get into.
Fraud Prevention - MFA cuts down the chance of fraudulent transactions by asking for the user's identity
in
more than one step.
Compliance with Regulations – Many industries (Finance, Health, Government) demand MFA to meet and stay
in
compliance with security regulations with GDPR, PCI-DSS, HIPAA, and SOC 2
Securing Customer Data – Businesses that employ MFA gain the trust of their customers as it guarantees
customer accounts and sensitive information are secured.
Prevents Account Takeovers – Phishing attacks are prime targets for cyber thieves who then steal login
credentials. Even when a password is exposed MFA will block unauthorized access.
Now let's
observe an MFA scenario in the real world:
Think about if you are logged into your online banking.
Cached Information Saved – You enter your username and password enthusiastically.
Get OTP – Bank sends 1-time password (OTP) to your registered mobile number.
Authenticate with Fingerprint/ Biometric – Face recognition and fingerprint scan are used for finalizing
the question. Is that correct?
This multi-layered procedure ensures the highest security and prevents hacker abuse of your account in
case he/she might get your password.
Various MFA solutions are required in various industries, in accordance with their security needs. There are quite a few common types:
The usage of digital tokens extends beyond crypto enthusiasts since multiple businesses are finding creative applications within their industries.
QEDVault enables businesses, along with investors, to establish a protected and expandable system that allows asset tokenization or digital token operation integration.
We at QEDVault deliver adaptable, plug-and-play MFA offerings to assist every size business in protecting itself.
The
Challenge:
A fintech company growing explosively was facing phishing and account takeover attacks. There were too
many fraud cases, and thus, the customers were losing trust.
The Solution:
We launched AI-based Multi-Factor Authentication with the following attributes:
OTP-based authentication for every login attempt.
AI adaptive qui a détecté les comportements suspects et demandait de la part utilisateur une
vérification biométrique.
Smart contract-based blockchain authentication for high-value transactions.
The Results:
80% Decrement in account takeover within 6mo.
Increased customer trust and retention.
Faster login process with seamless security.
AI-Powered
Businesses will move to Biometric Login passwordless.
Cyber threats
are evolving... are you prepared to safeguard your business?
You can:
Prevent fraud and unauthorized access.
Secure with stability and no user handiwork.
Meet industry regulations and compliance standards.
Gain client trust by shielding their information.
Kickstart with QEDVault today and upgrade your security!
Visit QEDVault and secure your business with industry-leading MFA solutions.
Start with a free trial and redefine trust with the digital product passport
