Security News > 2022 > February > MFA still offers the best chance of keeping data secure

Keyavi Data issued a set of best practices for keeping personal and business data out of criminal hands using multi-factor authentication.

These best practices explain why MFA remains one of the best defenses for mitigating password risk and preventing cyber criminals from exploiting user credentials.

"Poor password hygiene habits are still very commonplace, and compromised credentials are one of the top causes of data breaches, costing companies millions of dollars annually," said T.J. Minichillo, Keyavi's CISO and VP of cyber threat & intelligence.

As the COVID-19 pandemic continues, and an unprecedented number of people continue working remotely, it is vital that companies reduce their cyber attack surface across every endpoint, including data stored in the cloud.

Phishing attacks increased 11% last year, according to Verizon's 2021 Data Breach Investigations Report, which increases the likelihood of a user's credentials being compromised and exploited by threat actors.

The latest IBM-Ponemon Institute study also found that data breach costs hit a 17-year high, costing companies an average of $4.24 million per incident.

News URL

https://www.helpnetsecurity.com/2022/02/07/data-best-practices/