Is tokenless 2-factor authentication necessary for businesses?

The rapid advancement of internet technology has seen more and more people gain access to the internet. The World Wide Web is no longer the domain of the young and business establishments. Today, a large number of older people are part of social networking websites like Facebook, Twitter, etc. They also contribute significantly to the activities of the online community. However, the Internet is not restricted to adults only. In fact, studies have shown that nearly half of children under the age of twelve use social networking sites like Facebook. What this shows is that the reach of the Internet has spread far and wide. As the user base expands, so does the concern for online security. One way to minimize concerns is through multiple factors.

Need for 2-factor authentication

It is very important to keep users’ personal information secure. Realizing this, most Internet websites and social networks use powerful passwords. This is done through a combination of a static password and login. Although this is considered safe, rapid changes in technology and the growth of the hacker community have brought new security challenges for online businesses. This is where tokenless authentication comes into the picture. It not only protects the interests of users, but also improves the online security of your business.

Role in IT security

Today, the IT industry is witnessing security threats with increasing frequency. This is precisely why tokenless 2-factor authentication has such an important role to play when it comes to IT security. Customers, employees, shareholders, and others look to you to protect sensitive data stored on your servers. Even industry regulations like HIPAA, PCI DSS, Sarbanes-Oxley, etc. they need this kind of online security. There are some authentication systems that have proven to be cumbersome and inconvenient for users. However, tokenless two-factor authentication makes it easy and convenient for businesses to provide foolproof online security solutions at affordable costs.

How does it work?

Well, it’s comparatively inexpensive and quite easy to incorporate into any internet login session. It is an effective process that relies on two or more factors to authenticate an individual’s identity online. The first factor refers to something the user knows, while the second factor refers to what you have, while the third factor refers to something you are. A combination of all these factors can lead to a very cost-effective form of tokenless 2-factor authentication.