Why is multifactor authentication important? Should I apply it in my online bank account?
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Multifactor authentication gives your online accounts extra layers of protection. Thus, it reduces the risk of experiencing attacks and security breaches that could adversely affect your company, account, or organization. It can prevent or reduce the chances of third parties stealing passwords and usernames. Furthermore, multi-factor authentication may increase the level of trust your customers have in your company. After all, multifactor authentication (MFA) ensures you have a stronger user password, and with such passwords, security breaches aren’t common. Therefore, your users must identify themselves by using more than one password and username. This means that multifactor authentication is important to your business and customers as well. Therefore, you can apply multifactor authentication in your online bank account.