Are you trying to find the top MFA service providers? View our recommended service providers and learn how to choose the best one for your requirements.
Using more than simply a username and password to access a system, multi-factor authentication (MFA) requires a series of extra authentication steps before granting access. Additional layers of authentication include things like one-time passwords (OTPs), key fobs, USB-based key generators, smart cards, and biometric identification. To prevent unauthorised access to data, systems, and programmes, authentication software necessitates a two-factor authentication or more from a user before granting access. Two-factor authentication necessitates not only a username and password but also an other, independent method of verifying the user's identity.
Multiple-factor authentication (MFA) software is sold either as a standalone product that connects to an organization's user accounts, or as a component of a larger package that may include, for example, identity and access management (IAM) software for an organization's employees, or a customer identification and access management (CIAM) solution for the business's end users.
In this post, we'll go over some guidelines for choosing password management software, and then present a list of the best multi-factor authentication service providers.
How to Find the Best MFA Service Providers
Authentication software has become commonplace in modern businesses due to the demand for tighter access controls and the requirement to meet regulatory standards. Every business and industry has unique requirements for identity management software, but all businesses and industries can benefit from carefully considering these three key features. Keeping these factors in mind, they should select a trustworthy source of multi factor authentication password management software. The following are some additional considerations to make while settling on a Multi-Factor Authentication system.
Extensibility
Your organization's password management software must be scalable as the business grows. This means organization-wide security should be uniform. All end-users, whether in-office or remote, should be included. Multi-Factor Authentication should include cloud and on-premises apps, VPNs, server logins, and privilege escalation.
Numerous authentication use cases
Look for a solution that can enforce multi factor authentication across all user applications and services. Some free or bundled MFA solutions may only protect a few applications and use cases, but every account must be secured, and a central admin area to manage all associated application users is ideal.
Analytics/reporting
Multi-factor authentication gives you a better understanding of your organization's security landscape. When evaluating identity management software, consider its reporting and analytics capabilities first. The admin console should have easy-to-access reports. Consider the amount of information shown and the convenience of generating, scheduling, and accessing reports when testing a solution. Accessing and exporting reports should be easy to see all data.
Best Multi Factor Authentication service providers
NinjaAuth
NinjaAuth is a simple MFA tool that protects enterprises' assets, information, and user identities. As a cloud service, it requires no expensive hardware and can be managed from anywhere. You can manage an infinite number of apps with a single login. SSO allows a user to sign in to many applications with a single click, saving time and enhancing security. Secure login protects data from cybercriminals when logged in. Secure authentication tokens help prevent unauthorised access to internet accounts.
Duo
The pair is a cloud-based identity management platform that protects app access for every user and device. Duo verifies user identities through passwordless authentication and multifactor authentication. Duo's single sign-on solution gives centralised access to on-premises and cloud apps for a standard login experience. Duo safeguards your apps and data from hacked credentials and hazardous devices.
Authy
Cyber dangers can be avoided without sacrificing usability. Authy allows real-time credential generation, security, and exchange. You can access 2FA-protected websites offline, too. iOS, Android, and Chrome can use 2FA tokens. The software also lets you manage devices and accounts. Authy has a cloud backup option, allowing you to use it on many devices and recover your credentials if you lose or replace your phone.
Summing It Up
Implementing a layered authentication system is the most important step in preventing breaches. The MFA business is gaining enormous impetus, particularly as internet transactions are on the rise. Only 26% of firms utilise this product, but it's growing. Investing in a solid MFA solution is smart for every company, and the decision is easier with a list of top suppliers. With power pack features, extensive security administration, and a cheap price of just $14,99 for 39 apps, NinjaAuth by 500apps is our recommended solution for all your MFA needs.
A blog on SSO and Security Assertion Markup Language also includes How SAML Works, SharePoint SSO using ADFS with SAML and Benefits of Single Sign-On (SSO) using SAML.
The basic functionality of IAM includes authorized user access requests, automated provisioning of accounts among heterogeneous systems, password management, control over user access to target systems via automated policies & workflows and access certification processes, which help organisations to protect IT infrastructure.
The identity and access management solutions protect organisations’ valuable information and applications with the help of security policies, context-based access control, and business-driven identity governance, which is expected to be factors fuelling growth of the market.
For instance, according to Coherent Market Insights’ analysis, global cloud IP traffic is expected to reach 14 ZB by the end of 2020, up from 4 ZB per in 2015.
Another factor aiding in growth of the market is emergence of identity-as-a-service (IDaaS), which is a security verification solution developed and controlled by a third-party service provider that allows employees to access cloud-based applications through a single sign-on (SSO) process.
Bank and financial institutions’ operations are operated in secure environment.
The BFSI sector is increasingly implementing IAM solutions to improve risk management and fraud detection, as these solutions help in preventing online fraud transactions, credit card-related functions, and insurance claims.
