The Importance of Two-Factor Authentication

Online security breaches are common in all forms of industry and all sizes. But to continue your business operations and avoid lawsuits, you must take measures to minimize the risk and protect your business with two-factor authentication.

Reported cases of cybersecurity threats are not uncommon these days. There are phishing, ransomware, and breaches everywhere. That is why ensuring that all your accounts are always protected is crucial. Solid and complicated passwords are always required for security reasons. Moreover, it’s a smart move to enable two-factor authentication on your accounts to add a layer of security on top of our password to help prevent unwanted activity.

It could make a big difference for your business in protecting your company information over financial records, email, and other sensitive information by enabling two-factor authentication. It could be a disaster on your end if these confidential files will fall into the wrong hands of cyber culprits.

What is two-factor authentication?

Two-factor authentication (also known as 2FA) requires you to confirm ownership of two separate variables — your password and something else (usually a unique code) — to complete sensitive actions on your account. It is the second layer of security and does not replace passwords.

If you set up 2FA, you will receive a one-time code via email or text message (SMS) as an added verification step. It is possible thru some available authenticator apps today Google Authenticator) that generate 2FA codes on your mobile phone. For example, when you link a new bank account or reset your password, you are first prompted to log in with your username and password. Then, they must verify your identity with a one-time code sent to your email or with a code from an authenticator app to complete the action.

Why should you enable two-factor authentication?

Small businesses are the favorite target of cybercriminals. So the main reason for enabling it for your business is added security protection. In addition, it reduces the likelihood of account takeovers. Fraudsters have many reasons for targeting your business accounts, one of which is that most small business owners ignore that they are too vulnerable to be hacked.

How do you enable two-factor authentication?

Commonly you can enable 2FA in the setting or security sections of most online applications. Apart from the two pieces of information needed to make changes to your account, the Eatos POS system allows you to enroll it.

The two-factor authentication can come in many forms. It can irritate many because it will take time, especially when struggling with a slow internet connection. But it is better to have an added layer of security, then feel sorry. Once you turn it on and log in with your password, you may be directed to verify your identity in these ways:

• Biometric authentication such as Touch ID or Face ID

• Authenticator apps

• Email Authentication

• A physical security key

• A generated authentication code

• An authentication code you’ve programmed previously, such as a pin code for a bank account

It is essential to understand that when you require 2-Step Verification for team members, they will receive an email with instructions on how to complete the setup. If they do not turn on 2-Step Verification after reading the email, they will be required to log in to their account the next time they log in.