Keep your small or micro-business ahead of cyber threats by understanding how cyber criminals target MFA fatigue. Learn innovative cyber-security measures to safeguard your business data against these attackers
You’ve probably experienced the annoyance of numerous notifications from your multi-factor authentication (MFA) app. This, we know, is a commonly shared frustration. Yet, it’s an essential part of securing your sensitive business data.
Guess who else is feeling frustrated? Cyber criminals. In a twist of irony, they’re leveraging this so-called “MFA fatigue” to gain unauthorized access to your data. The threat is real and relentless, with attacks often happening when you least expect it — like in the middle of the night.
The key to cyber security is to always stay one step ahead of cyber criminals, and that includes understanding their tactics.
Here’s an insight into their modus operandi and how you can fight back.
How Cyber Criminals Exploit MFA Fatigue
As a small or micro-business owner, you know how critical it is to secure your data. MFA adds a robust security layer to your apps and accounts by requiring multiple forms of identity verification, like a password and a code sent to your phone.
However, the incessant alerts can be tiresome, leading to “MFA fatigue”. Attackers are well aware of this and will deluge employees with a constant stream of MFA notifications. Why? It increases the chances that someone, out of sheer frustration or exhaustion, will authenticate a dubious login attempt.
How You Can Combat MFA Fatigue: Introducing Number Matching
Fortunately, the battle against MFA fatigue is not a losing one.
Microsoft Authenticator is now armed with a new feature – number matching – designed to ensure your MFA notification is from a legitimate login attempt, thereby thwarting cyber criminals from capitalizing on notification fatigue.
So, how does number matching work?
When an MFA notification pops up, the app will display a randomly generated number. You must then input this number to authenticate the login attempt, a process that confirms you’re not a cyber criminal aiming to infiltrate your business data.
But that’s not all. Microsoft Authenticator also supports biometric authentication, allowing you to use your face, fingerprint, or other unique physical traits to verify your identity and tackle the threat of MFA fatigue attacks head-on.
The Cost of Cyber Crime for Small Businesses
Cyber crime is not just a threat to large corporations. Small businesses are often prime targets for cyber criminals, largely because they tend to have less robust security measures in place. This lack of protection can make them an easier target for hackers and a prime entry point for attacks on larger businesses they might be connected with.
Cyber attacks can be devastating for small businesses. They can lead to significant financial losses, damaged reputations, and, in severe cases, they may even lead to businesses having to close their doors. Research shows that 60% of small businesses that fall victim to a cyber attack go out of business within six months.
Furthermore, the cost of these attacks is on the rise. The average cost of a data breach for businesses has increased significantly in recent years, with small businesses bearing the brunt of these costs due to their limited resources.
In the face of these threats, it’s more important than ever to have strong security measures in place. A multifaceted approach that combines innovative solutions such as Microsoft Authenticator’s number matching and biometric features can help you stay one step ahead of cyber criminals. These measures not only protect your business but can also give you peace of mind.
Remember, investing in cyber security is not just about protecting your business – it’s about safeguarding your customers, your reputation, and ultimately your future. At Cache4 IT Solutions, we’re here to support you every step of the way. Don’t hesitate to reach out for help.