Two Factor Authentication ¦ 2022 BEST ANSWER

Two Factor Authentication (Cyber Security). In this activity, you will write a 2 to 3 page research paper. In your paper, you will compare and contrast the different types of two-factor authentication and their advantages and disadvantages. Two Factor Authentication In this activity, you will write a 2 to 3 page research paper. In your paper, you will compare and contrast the different types of two-factor authentication and their advantages and disadvantages. Identity management is the process of verifying that an authorized user is who she/he says she/he is with “something they know,” like a username and password. This is critical to the safe operation of corporate IT systems. For many decades, users have only used a username and password to gain access to corporate IT systems. However, there are more and more issues of unauthorized users stealing passwords and masquerading as authorized users. Such instances have led to lost and unrecoverable revenue for corporations. More and more corporations are instituting two-factor authentication for users to provide “something they have” to the authentication process. The combination of “something they know” with “something they have” makes it very difficult (but not yet impossible) for unauthorized users to gain access to corporate systems. Two-Factor Authentication (2FA) What Is Two-Factor Authentication (2FA)? Two-factor authentication (2FA) is a security system that requires two distinct forms of identification in order to access something. Two-factor authentication can be used to strengthen the security of an online account, a smartphone, or even a door. 2FA does this by requiring two types of information from the user—a password or personal identification number (PIN), a code sent to the user’s smartphone, or a fingerprint—before whatever is being secured can be accessed. Understanding Two-Factor Authentication (2FA) Two-factor authentication is designed to prevent unauthorized users from gaining access to an account with nothing more than a stolen password. Users may be at greater risk of compromised passwords than they realize, particularly if they use the same password on more than one website. Downloading software and clicking on links in emails can also expose an individual to password theft.1 2 Two-factor authentication is a combination of two of the following:2 Something you know (your password) Something you have (such as a text with a code sent to your smartphone or other device, or a smartphone authenticator app) Something you are (biometrics using your fingerprint, face, or retina) 2FA is not just applied to online contexts. It is also at work when a consumer is required to enter their zip code before using their credit card at a gas pump or when a user is required to enter an authentication code from an RSA SecurID key fob to log in remotely to an employer’s system.2 Examples of Two-Factor Authentication (2FA) Apple account holders can use 2FA to ensure that accounts can only be accessed from trusted devices. If a user tries to log in to their iCloud account from a different computer, the user will need the password, but also a multi-digit code that Apple will send to one of the user’s devices, such as their iPhone. Many businesses also deploy 2FA to control access to company networks and data. Employees may be required to enter an additional code to sign into the remote desktop software that allows them to connect to their work computers from outside the office. Special Considerations While 2FA does improve security, it is not foolproof. Hackers who acquire the authentication factors can still gain unauthorized access to accounts. Common ways to do so include phishing attacks, account recovery procedures, and malware. Hackers can also intercept text messages used in 2FA. Critics argue that text messages are not a true form of 2FA since they are not something the user already has but rather something the user is sent, and the sending process is vulnerable. Instead, the critics argue that this process should be called two-step verification. Some companies, such as Google, use this term.3 Still, even two-step verification is more secure than password protection alone. Even stronger is multi-factor authentication, which requires more than two factors before account access will be granted.4 Compete Risk Free with $100,000 in Virtual Cash Put your trading skills to the test with our FREE Stock Simulator. Compete with thousands of Investopedia traders and trade your way to the top! Submit trades in a virtual environment before you start risking your own money. Practice trading strategies so that when you’re ready to enter the real market, you’ve had the practice you need. Attachments Click Here To Download

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