For companies, the cost of data breaches is getting worse. On the one hand, companies will be punished by regulators. For example, British Airways was fined 204 million euros by the Office of the Information Commissioner (ICO) for data breaches. On the other hand, once a data leak occurs, it will not only make the company lose the trust of customers and users, but also affect the company's long-term development.
Therefore, the use of multi-factor authentication (hereinafter collectively referred to as MFA) has become a basic means for enterprises to prevent data leakage. Multi-factor authentication requires users to use at least two factors to verify their identity, and only after passing the verification can they access applications, which is rapidly spreading among enterprises.
At the end of last year, LastPass conducted a survey of 47,000 companies and found that 57% of companies worldwide are currently using multi-factor authentication, an increase of 12% over the previous year. Statistics also prove the effectiveness of MFA. Earlier this year, Microsoft reported that 99.9% of the illegal accounts it tracks did not use multi-factor authentication.