MFA (Multi-Factor Authentication) - Why, How?

Multi-factor authentication (MFA) is a security process that requires users to verify their identity using multiple methods, such as a password and a mobile app code. This added layer of protection significantly reduces the risk of unauthorized access and enhances overall security. Embracing MFA ensures your data remains safe, fostering trust and confidence in your digital interactions.

MFA counters risks associated with compromised passwords.

• Identity theft cost individual Canadians $530 million in 2022, 40% higher than $380 million in 2021

– Increased exposure to MFA for personal use

• 80% of data breaches leverage compromised passwords in some way
• Anti virus and firewalls are there to prevent unauthorized access

– Theft of credentials gives the attacker the appearance of authorized access

• As of June 2022, there are 6.7 billion unique credential sets available for sale

Download BC Housing's MFA presentation below - feel free to create your own training using this as a template.