Many industries, especially financial institutions, are vigilant to keep improving their security strategies to protect the money and the information from hackers and cyber threats. The security measures they take each time shows how careful they are to safeguard their customer information.
Similarly, higher education also takes important measures to secure their office, faculty, and students' personal and financial information to remain protected from any possible risk. One of the primary targets is university accounts, witnessing more than 15 million identity thefts across the U.S every year, leading to a major financial loss. As per University policies, MFA is deployed by the campus security to ensure that the institution's information is kept safe by employing an additional layer of protection for every app which is accessed.
With the rise of mobility, users now have the access to sensitive information from any location and device they want, causing serious challenges in terms of data security and compliance which needs to be managed by establishing tighter gateways for the users. Multi-factor authentication (MFA) helps to verify a user’s access to an application, a device and other networks apart from a single username and password which they use to log in to these platforms.
Benefits of Multi-Factor Authentication
The extra steps which are implemented to verify a user who is trying to login to an account, application or device, in the form of security questions, user tokens etc. act as additional factors towards possible malicious activities and security threats which may occur if there was no security measure placed during signing in.
As per Verizon Data Breach Investigations survey, it was noticed that a third of users click and open phishing emails, uncovering more than 2,000 breaches and more than 100,000 incidents each passing year. With faculty and students bringing in so many different devices on campus, universities face many challenges to put systems in place which can control user access to multiple applications and the level they can be accessed with.
Adaptive Multi-Factor Authentication from QuickLaunch, an Identity and Access management platform, was developed keeping in mind the breach issues, providing the users with the flexibility to access the resources they need from anywhere at any given time. Supported by EVC Ventures, the goal of QuickLaunch Adaptive MFA was to authenticate the users in a foolproof and secure manner and to give the institutions complete control. This level of authentication helps institutions build a 360-degree security platform, enhancing their work with features benefits such as:
- Security - The main aim of a multi-factor authenticator is to protect the institutional resources. Without security, there is no purpose of a multi-factor authenticator. QuickLaunch Adaptive MFA provides complete security without taking any chances determined by the layers which can make it stronger than those that use only one factor.
- Compliance – Institutions have their own level of compliances and regulations which they need to adhere to. QuickLaunch MFA helps make the entire system more efficient and compliant from a security standpoint, especially when accessing important data.
- Flexibility – Students may wait until last minute to submit their projects or papers, which may incur the need to access certain applications and data from different places at different time. Flexibility is what plays a major role in establishing security no matter where the user logs in from and the data they access. Adaptive MFA makes it possible for end-users to access IT apps anywhere, anytime without compromising on the security.
- Productivity – Through much security and flexibility, QuickLaunch MFA also enhances the productivity of the faculty and students. With a reduced burden of passwords, it creates a better user experience, increasing the potential and productivity of users.
The Bottom Line Is
It has become vital for institutions to deploy and implement multi-factor authentication in their IT environment which is what makes choosing the right MFA very critical. After studying the institutional needs and requirements, EVC Ventures helped QuickLaunch focus on building a platform which could fulfill all of their needs. From improving the security to meeting the compliances, to minimizing any challenges they may face due to cyber threats and increasing productivity, QuickLaunch Adaptive Multi-Factor Authenticator is a one-in-all platform offering the HigherEd space the much-needed support.
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