Security News > 2024 > March > MFA vs 2FA: Which Is Best for Your Business?
The terms 2FA and MFA are sometimes used interchangeably.
This is because 2FA is really a subset of MFA. 2FA involves only one additional authentication factor.
2FA pros 2FA cons Most 2FA generally relies on the use of a smartphone as part of verification and hackers have learned how to compromise phones.
If the budget is tight, 2FA can be less costly than MFA. When Is MFA Better?
Even at an individual level, a personal bank account should be safeguarded by MFA. MFA that includes a biometric is the ideal way to go for confidential and financial information.
For those facilitating between 2FA and MFA a small difference in price and an additional implementation and maintenance burden on IT may be a small price to pay to prevent a serious breach.