Confessions On MFA And Security Best Practices
VIAKOO, Wednesday, January 17th, 2024
The last couple weeks have brought a few discussions on the topic of multifactor authentication or MFA (sometimes also referred to as 2FA or two factor authentication).
These discussions have been driven by the SEC's X (formerly known as Twitter) account being hacked in order to goose the price of Bitcoin. This raised a lot of questions, ranging from whether there is a political bias around the SEC not using MFA (no), to whether the SEC can now be trusted (yes it can), to just simply how the heck could that have happened. Let's dig into some of the lessons organizations can learn from this.
First of all, from a corporate policy perspective MFA is widespread. 87% of organizations with over 10,000 employees use it, and in organizations with between 26 and 100 employees it drops to 34%.