When it comes to performing any action online, safety and security should always be a top priority. This goes for sending data, receiving data, and for logging into any accounts with sensitive or personal information.
Various safety measures can be taken to ensure safety online, such as keeping antivirus software updated and active and keeping a lookout for phishing scams. But certain features, like 2FA, are designed specifically to protect unauthorized account access online. Security features such as this are vital due to rising data breaches.
According to 2020 Statista statistics, “the number of data breaches in the United States came in at a total of 1001 cases. Meanwhile, over the course of the same year over 155.8 million individuals were affected by data exposures – that is, the accidental revelation of sensitive information due to less-than-adequate information security.”
With concerning numbers like this, it’s more crucial than ever that businesses and individuals remain vigilant in their efforts to protect their personal accounts – this is where 2FA comes in.
So, What Is 2FA Exactly?
Two-factor authentication (2FA), or multifactor authentication, is a security feature used to prevent unauthorized login access to personal accounts online. This extra layer of security is an important feature that requires further identity validation before an account can be logged into successfully.
2FA allows additional security to be utilized by requiring users to provide a follow-up credential other than just a username and password. To implement this security approach, apps and websites can do this in a few different ways:
Sending Credentials to Another Device/Account
This is commonly done by emailing, texting, or calling with a temporary and unique security token that a user can provide as further credentials upon logging in.
Retina and fingerprint scanners are sometimes used as 2FA methods to further prove identity.
Security Questions/Pin Numbers
Often, users will be required to establish security question answers or pin numbers as a form of multifactor authentication when establishing new accounts.
Why 2FA Is Important When Using Electronic Signatures
When electronic signatures are used it’s typically on important, private, or sensitive documentation; that’s why adding the extra layer of security that comes with using two-factor authentication can give businesses and their clients peace-of-mind.
Why Two Is Better than One
Going above and beyond with cybersecurity is always best. In fact, according to one Google report, enabling 2FA allows their users the ability to block 100% of unauthorized hacking from automated bots! They also noted that 96% of bulk phishing and 76% of targeted cybersecurity attacks were blocked using 2FA methods.
Essentially, two-factor authentications act as an important backup feature for password accessible data. Whereas a hacker may have figured out a username and password to one of your accounts, it’s unlikely they also have access to your phone or text messages to verify the security tokens sent through a multifactor authentication process.
Does eSign Genie Offer 2FA?
Yes, we do! eSign Genie offers top-notch security to keep our customers and their clients’ documents safe and secure at all times. Through security efforts like SOC 2 Type 2 auditing and compliance, 256-bit encryption, and cloud storage in SSAE16 and PCI compliant trusted US data centers, eSign Genie keeps your documents secure from start to finish and beyond.
Our two-factor authentication features are an added security feature that we provide as a purchased feature for our Business Premium and Enterprise plans. Once purchased, eSign Genie two-factor authentication can be enabled through SMS, Voice, and Authy.