Phantom Technology Solutions Blog

Certain businesses have taken a much closer interest in cybersecurity… those businesses being business insurance providers. Many will now only provide coverage if your business maintains certain cybersecurity standards. One key tool they want to see is multi-factor authentication, or MFA.

While at the moment, passwords are an important part of your security stack, it is important to acknowledge that the concept of the password was always a flawed system and is overdue to be replaced. This may become a widespread reality sooner than you may expect, too, especially with the buy-in that the big names in tech are demonstrating.

Regardless of how airtight your organization’s password policies are, relying on passwords as your exclusive security measure just isn’t enough to resist some of today’s threats. This is why we—along with most other industry and security experts—recommend that two-factor authentication (2FA) be put into place. Let’s review some of the options available for your 2FA, and the added security it can introduce, for this week’s tip.