Buyer’s guide to multi factor authentication
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The document serves as a buyer's guide to multi-factor authentication (MFA), highlighting its importance in security against data breaches and the limitations of password protection. It outlines how MFA works, key criteria for evaluating MFA solutions, and emphasizes the advantages of using LoginRadius, such as full management of security and compliance with regulations. It also discusses considerations related to security impact, strategic business integrations, and cost of ownership.
Buyer’s guide to multi factor authentication
- 1. Buyer’s Guide to Multi-Factor Authentication Ensure That Your Customers Are Who They Say They Are
- 2. Introduction ● Data breaches are becoming increasingly sophisticated by the minute. ● Passwords are a poor form of security. ● Even the most complex passwords can be hacked in a matter of seconds or minutes.
- 3. How can you protect your digital assets while still providing a seamless customer experience?
- 4. Answer: Multi-Factor Authentication (MFA)
- 5. How MFA works? 01 It adds an additional layer of verification during the login process. 02 It uses something you know (your ID & password) and combines with something only you have (a separate device or app such Google Authenticator).
- 6. What to Expect? Here are a few criteria you should consider when evaluating a solution with MFA: 1. Security Impact 2. Strategic Business Initiatives 3. Cost of Ownership
- 7. Security Impact The primary goal for adopting a solution with MFA is to minimize the risk of a data breach. ● Does it secure sensitive data? --- Data encryption, password hashing, and automated monitoring of your data activity
- 8. Security Impact ● Does it detect compromised devices? --- Offer more advanced detection of compromised devices like risk-based authentication. ● Does it have a high availability? --- Guarantee at least 99.99% uptime
- 9. The LoginRadius Advantage ● We offer a fully manage dashboard, which enables customers to have full control over who can access the solution. ● We offer a white-labeled authenticator app, which allows to customize to meet all your needs. ● We stay up-to-date on the latest security certificates, like ISO 27001, SOC 2, and CSA Star Level 2. ● We offer full transparency in how consumer data is being stored.
- 10. Strategic Business Initiatives Consider how it will integrate with your current and future business initiatives. ● Is it a cloud-based solution? --- Provide a live stream of your data across your entire digital ecosystem, integrate with any third-party applications, etc.
- 11. Strategic Business Initiatives ● Can it grow with your company? --- Scale to support new users and integrations, no matter how big you get. ● Does it meet all privacy regulations? --- Meet all privacy regulations according to your region, such as CCPA, HIPAA, COPPA, and GDPR.
- 12. The LoginRadius Advantage ● We have over 150 out-of-the-box integrations that can connect to third-party applications. ● We can autoscale to support peak loads of login and account creation activities. ● We are always updating our platform by complying with latest regulations.
- 13. Cost of Ownership Includes all direct and indirect costs, for example licensing, support, operation, and other expenses. ● Is it a completely managed service? --- Continuous support even after you have implemented.
- 14. Cost of Ownership ● Is it a modern or traditional solution? Modern - Transparent Pricing Model --- Single sign-on and cloud support, User self-service portal , High availability, Cloud-based. Traditional - Lots of Hidden costs --- Additional cost to add new apps or users, Authenticators such as tokens and USB, Customer support
- 15. The LoginRadius Advantage ● All of our costs are upfront, as communicated or agreed on. ● We take care of all system updates, patches, and maintenance. ● We offer 24/7 support at no additional cost, includes training during implementation. ● We manage all security and privacy regulations.
- 16. Thank you! Ready to take the next step? Get in touch with our team or download the guide.