Two-Factor Authentication: Building Blocks For Better Security

Two-Factor Authentication (2FA) is becoming increasingly important for account security as data breaches continue to rise. While traditional methods of 2FA such as SMS or voice calls have their drawbacks, push authentication offers a more user-friendly and secure alternative. Companies like Yahoo and Google are using push authentications to replace passwords at login time entirely. However, it is essential for businesses to cater to all consumers and their environments by offering multiple 2FA options, including SMS and voice calls. Technology vendors have a responsibility to make advanced 2FA technology available to even the smallest of businesses, ensuring that everyone has access to better account security. Online finance companies are particularly vulnerable targets, making robust and secure services essential for financial technology companies (fintechs).