Safeguarding Your Digital
Identity: The Role of MFA in
Foiling Cyber Criminals
WHITE PAPER
Table of Contents
Executive Summary����������������������������������������������������������������������������������������������������������������������������������������������������������������3
Introduction�������������������������������������������������������������������������������������������������������������������������������������������������������������������������������4
Understanding Multi-Factor Authentication (MFA)����������������������������������������������������������������������������������������������������������5
Why MFA is Important?����������������������������������������������������������������������������������������������������������������������������������������������������6
How MFA Works?��������������������������������������������������������������������������������������������������������������������������������������������������������������7
The Ineffectiveness of Passwords Alone����������������������������������������������������������������������������������������������������������������������������8
Password Vulnerabilities�������������������������������������������������������������������������������������������������������������������������������������������������8
Credential Stuffing and Data Breaches����������������������������������������������������������������������������������������������������������������������8
The Role of MFA in Strengthening Digital Identity Security�������������������������������������������������������������������������������������������9
Protecting Against Credential-Based Attacks����������������������������������������������������������������������������������������������������������9
Safeguarding Against Phishing�������������������������������������������������������������������������������������������������������������������������������������9
Thwarting Keyloggers and Malware��������������������������������������������������������������������������������������������������������������������������� 10
It Meets Regulatory Compliances������������������������������������������������������������������������������������������������������������������������������ 10
Adaptive MFA (Risk-Based MFA): The New-Age MFA by LoginRadius������������������������������������������������������������������������11
Implementing MFA Effectively �������������������������������������������������������������������������������������������������������������������������������������������� 13
User Education��������������������������������������������������������������������������������������������������������������������������������������������������������������� 13
Choosing the Right CIAM Vendor�������������������������������������������������������������������������������������������������������������������������������� 13
Conclusion�������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� 14
Executive Summary
We live in a digital-first era where reliance on digital platforms is increasing daily.
While this has unlocked endless possibilities, it has also made our digital identities
more vulnerable to cybercriminals.
Cyber threats are continuously evolving, and businesses are losing millions
of dollars annually, whether identity theft or personal information exposure;
brands compromising their customers’ identities have to deal with financial and
reputational losses.
And what’s even worrisome is that the reusable identity market size is expected
to grow from USD 32.8 billion in 2022 to USD 266.5 billion by 2027, at a CAGR of
68.9%, which is quite alarming!
So, what measures businesses could take to minimize identity thefts, especially
when regulations like GDPR and CCPA are becoming more stringent? Well,
leveraging the true potential of advanced multi-factor authentication (MFA) is
undoubtedly the key to safeguarding customer identities and protecting sensitive
business data.
Gone are the days when passwords alone were enough to secure customer
accounts. Today’s threat vector demands security beyond passwords and two-factor
authentication. Although most businesses leverage MFA to protect their customers,
many haven’t implemented it correctly or security for high-risk situations.
In this whitepaper, let’s understand what MFA is, its importance, the new-age
adaptive MFA, and why businesses must think proactively about deploying MFA
through a cutting-edge customer identity and access management solution.
© LoginRadius Inc. | Confidential Information 3
© LoginRadius Inc. | Confidential Information 4
Introduction
While cybercriminals are exploring new ways to exploit customer identities,
organizations relying on old-school password-based authentication can’t expect
adequate shielding.
On the other hand, organizations that have incorporated two-factor authentication
as their standard authentication security are also facing challenges regarding
identity thefts since hackers are now efficient enough to bypass dual authentication
mechanisms.
Hence, the need for robust multi-factor authentication (MFA) becomes an absolute
necessity to ensure the latest threat vectors are covered.
Apart from this, having a robust MFA is crucial. However, ensuring its proper
deployment through a reliable CIAM (customer identity and access management)
solution plays a significant role since handling authentication security in high-risk
situations is an uphill task for MFA alone. It requires perfect harmony of MFA and
Adaptive MFA.
Additionally, we’ll introduce the new-age risk-based authentication (RBA) by
LoginRadius in this whitepaper and learn how it revolutionizes authentication
security by covering the latest threat vectors.
© LoginRadius Inc. | Confidential Information 5
Understanding Multi-Factor
Authentication (MFA)
Before we learn about the importance of MFA and its proper deployment, let’s first
quickly understand what MFA is.
Multi-factor authentication (or MFA) is a multi-layered security system that verifies
the identity of users for login or other transactions.
By leveraging multiple authentication layers, even if one element is damaged or
disabled, the user account will remain secure. And that's the catch!
Codes generated by smartphone apps, answers to personal security questions,
codes sent to an email address, fingerprints, etc., are a few examples of multi-factor
authentication implemented in day-to-day scenarios.
MFA, also known as two-factor authentication (2FA), is an extra authentication
method that’s becoming increasingly common. However, as we discussed earlier,
businesses leveraging 2FA aren’t much more secure than those relying on MFA since
both have a vast difference.
2FA only uses two of the available additional checks to verify consumer identity,
whereas MFA may use two or more checks. Simple password-based solutions were
once used to secure data; however, this method can only provide you with essential
security, and today’s wide threat vector demands additional protection.
© LoginRadius Inc. | Confidential Information 6
Why MFA is Important?
Traditional usernames and passwords can be easily compromised. In fact, they are
highly vulnerable to cybercriminal attacks like brute force and account takeovers.
On the other hand, multi-factor authentication is considered one of the most
efficient ways of providing improved security in recent times. The multiple
layers ensure that users demanding access are who they claim to be. Even if
cybercriminals steal one credential, they'll be forced to verify identities in another
way.
With the world heading towards more criminal sensitivities, using multi-factor
authentication as part of your consumer identity and access management (CIAM)
platform helps you build and maintain solid consumer trust.
© LoginRadius Inc. | Confidential Information 7
How MFA Works?
MFA significantly reinforces security by adding extra layers of defense to the current
authentication mechanism. And when a user attempts to log in to their account,
it will be prompted to provide additional authentication factors after verifying the
username and password.
The system then requests additional authentication factors, including one-time
passcode (OTP) sent to their phone number, email with an OTP or authentication link,
or a fingerprint scan to authenticate the user.
© LoginRadius Inc. | Confidential Information 8
Password Vulnerabilities
Passwords alone aren't sufficient when it comes to securing customer
identities. And businesses that ignore the importance of a more robust
authentication mechanism always lose trust in their potential customers
when they face data breaches and privacy sneaks.
However, today’s era demands a more robust form of MFA to handle high-
risk scenarios, especially when cybercriminals have already bypassed two
authentication layers, including usernames  passwords and OTP.
Credential Stuffing and Data Breaches
Talking about the passwords alone for today’s modern business landscape,
cybercriminals already have large databases containing usernames and
password combinations. This data is available on the dark web.
And with these stolen credentials, hackers perform automated credential-
stuffing attacks on various platforms, including websites and web
applications, exploiting user accounts and attaining sensitive information.
The Ineffectiveness of Passwords Alone
© LoginRadius Inc. | Confidential Information 9
The Role of MFA in Strengthening
Digital Identity Security
Identity security is undoubtedly one of the biggest challenges among businesses
offering online services to their customers since every user must undergo a series
of authentication processes to access resources.
However, with a secure authentication mechanism, organizations could gain
customer trust and avoid financial losses due to identity thefts and similar data
breaches. With MFA working in the background, organizations can stay assured
that their customer’s sensitive information is protected even if one or more
authentication factors are compromised.
Here’s how MFA ensures adequate security for your customers’ digital identities:
Protecting Against Credential-
Based Attacks
MFA mitigates the risks of credential stuffing attacks since additional
security layers are added to the authentication process.
Hence, even if cybercriminals can manage usernames and passwords for a
particular account and have arranged OTP, they can still be prohibited from
accessing the account.
Safeguarding Against Phishing
Phishing attacks are also becoming a significant challenge for organizations
since cybercriminals trick users into revealing their credentials on
fraudulent websites that may look authentic.
MFA protects users by acting as a barrier to such phishing attacks because
even if a user unknowingly provides their credentials on fake websites, they
cannot access the account since other authentication factors are required.
© LoginRadius Inc. | Confidential Information 10
Thwarting Keyloggers and Malware
Cybercriminals are often utilizing keyloggers and other malware to capture
keystrokes, which makes passwords quite vulnerable to threats. However,
with MFA, even if a password is compromised, the account is secured with
other factors, including phone OTP, email link, security question, and more.
The rise in password thefts through phishing, keylogging, and pharming
has raised many concerns for organizations across the globe, especially
on an open network. All these concerns can be laid to rest through the
implementation of MFA.
For example, a user would receive a prompt to confirm secondary
authentication even if the password is stolen. This will help prevent any data
loss.
However, what matters the most is how the organization has implemented
MFA if a cutting-edge CIAM is deployed to handle authentication security.
It Meets Regulatory Compliances
Implementing multi-factor authentication can be crucial when complying
with specific industry regulations.
For example, PCI-DSS requires MFA to be implemented in certain situations
to prevent unauthorized users from accessing systems. So, even when
application updates lead to unknown and unattended consequences, MFA
compliance ensures that it remains virtually non-intrusive.
Adaptive MFA (Risk-Based MFA):
The New-Age MFA by LoginRadius
© LoginRadius Inc. | Confidential Information 11
Since we’ve already discussed the increasing threat vector and how MFA could
be of lesser potential in high-risk situations, adding another stringent layer of
authentication could be the game-changer.
Adaptive multi-factor or risk-based authentication (RBA) is the latest
authentication security mechanism that works dynamically to reinforce security in
high-risk situations.
The RBA mechanism automatically detects any unusual authentication behavior
or pattern. It adds another stringent layer of authentication in the current MFA to
prevent unauthorized access to a particular account.
Whether a hacker or an unauthorized person is trying to access an account from
a new device, remote location, or exceeding the number of attempts, RBA works
flawlessly to secure an account without human intervention.
For instance, LoginRadius’s RBA is perhaps the best MFA solution that can ensure
the next level of authentication security even if multiple authentication factors are
compromised.
The LoginRadius RBA kicks in whenever a suspicious login attempt is detected and
automatically adds another authentication layer to protect consumer identity and
network.
The best thing about RBA is that it gets automatically activated if it detects
something fishy based on the number of unsuccessful attempts, geographical
location, or other similar situations. Otherwise, the user can typically sign in,
preserving a great user experience.
The LoginRadius’ RBA is designed to overcome the authentication challenges of
today’s modern digital landscape. Users can stay assured that they’re shielded
against all the latest threat vectors that may impact their identities.
Here’s what you get with LoginRadius’ risk-based multi-factor authentication:
© LoginRadius Inc. | Confidential Information 12
Offers more layers of authentication
without impacting user experience
Easy implementation
Latest threat-vectors covered
Meets regulatory compliance
requirements
Complies with single sign-on
(SSO) solutions
Implementing MFA Effectively
User Education
Before you put your best foot forward in adopting the right MFA solution for your
organization, educating your customers about its importance is crucial. And the
same goes for your employees as well.
Apart from this, preparing a proper plan to educate your customers and employees
regarding the importance of using MFA for reinforcing authentication security is
essential.
Educating users about the importance of MFA and the potential risks of relying solely
on passwords is crucial. Proper guidance and support will encourage widespread
adoption and ensure robust customer identity security and the organization’s
sensitive information security.
Choosing the Right CIAM Vendor
Once you’re done educating your customers and employees about MFA, the next
crucial step is to choose the right MFA vendor for your organization.
As discussed earlier, choosing an identity and access management solution that
covers the latest threat vectors and offers a seamless user experience is always a
great idea.
Implementing Multi-Factor Authentication requires certain best practices. Firstly,
choosing a reliable and secure MFA solution that aligns with your specific needs
is essential. Regularly updating and patching the MFA software or system is
crucial to promptly address potential vulnerabilities. Educating users about the
importance of MFA, how to set it up, and how to use it correctly is vital for successful
implementation.
Additionally, organizations should consider providing backup or alternative
authentication methods to account for situations where a primary way may not
be available. Monitoring and analyzing MFA logs and user access patterns can help
identify suspicious activities or potential security breaches.
And with LoginRadius’ MFA, you need not worry about it!
© LoginRadius Inc. | Confidential Information 13
Conclusion
Safeguarding digital identities has become a critical concern in today's digital-first
era, where cyber threats continuously evolve.
And the growing size of the identity market on the dark web and the increasing
financial and reputational losses businesses suffer due to cybercriminal activities
underscore the urgency of implementing effective security measures.
On the other hand, traditional passwords alone have proven inadequate in securing
customer identities, as evidenced by the rise of data breaches and credential-
stuffing attacks.
Thus, MFA becomes the need of the hour as it addresses these vulnerabilities
by adding extra layers of protection and ensuring that even if one factor is
compromised, the account remains secure.
So, if you haven’t yet decided on implementing MFA, you can reach LoginRadius to
witness the future of secure and seamless authentication!
© LoginRadius Inc. | Confidential Information 14
©Copyright, LoginRadius Inc. All Rights Reserved.
LoginRadius is a leading provider of cloud-based
Customer Identity and Access Management solutions
for mid-to-large sized companies. The LoginRadius
solution serves over 3,000 businesses with a monthly
reach of over 1 billion users worldwide.

Defending Against Cyber Attacks: MFA as Your Digital Shield

  • 1.
    Safeguarding Your Digital Identity:The Role of MFA in Foiling Cyber Criminals WHITE PAPER
  • 2.
    Table of Contents ExecutiveSummary����������������������������������������������������������������������������������������������������������������������������������������������������������������3 Introduction�������������������������������������������������������������������������������������������������������������������������������������������������������������������������������4 Understanding Multi-Factor Authentication (MFA)����������������������������������������������������������������������������������������������������������5 Why MFA is Important?����������������������������������������������������������������������������������������������������������������������������������������������������6 How MFA Works?��������������������������������������������������������������������������������������������������������������������������������������������������������������7 The Ineffectiveness of Passwords Alone����������������������������������������������������������������������������������������������������������������������������8 Password Vulnerabilities�������������������������������������������������������������������������������������������������������������������������������������������������8 Credential Stuffing and Data Breaches����������������������������������������������������������������������������������������������������������������������8 The Role of MFA in Strengthening Digital Identity Security�������������������������������������������������������������������������������������������9 Protecting Against Credential-Based Attacks����������������������������������������������������������������������������������������������������������9 Safeguarding Against Phishing�������������������������������������������������������������������������������������������������������������������������������������9 Thwarting Keyloggers and Malware��������������������������������������������������������������������������������������������������������������������������� 10 It Meets Regulatory Compliances������������������������������������������������������������������������������������������������������������������������������ 10 Adaptive MFA (Risk-Based MFA): The New-Age MFA by LoginRadius������������������������������������������������������������������������11 Implementing MFA Effectively �������������������������������������������������������������������������������������������������������������������������������������������� 13 User Education��������������������������������������������������������������������������������������������������������������������������������������������������������������� 13 Choosing the Right CIAM Vendor�������������������������������������������������������������������������������������������������������������������������������� 13 Conclusion�������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� 14
  • 3.
    Executive Summary We livein a digital-first era where reliance on digital platforms is increasing daily. While this has unlocked endless possibilities, it has also made our digital identities more vulnerable to cybercriminals. Cyber threats are continuously evolving, and businesses are losing millions of dollars annually, whether identity theft or personal information exposure; brands compromising their customers’ identities have to deal with financial and reputational losses. And what’s even worrisome is that the reusable identity market size is expected to grow from USD 32.8 billion in 2022 to USD 266.5 billion by 2027, at a CAGR of 68.9%, which is quite alarming! So, what measures businesses could take to minimize identity thefts, especially when regulations like GDPR and CCPA are becoming more stringent? Well, leveraging the true potential of advanced multi-factor authentication (MFA) is undoubtedly the key to safeguarding customer identities and protecting sensitive business data. Gone are the days when passwords alone were enough to secure customer accounts. Today’s threat vector demands security beyond passwords and two-factor authentication. Although most businesses leverage MFA to protect their customers, many haven’t implemented it correctly or security for high-risk situations. In this whitepaper, let’s understand what MFA is, its importance, the new-age adaptive MFA, and why businesses must think proactively about deploying MFA through a cutting-edge customer identity and access management solution. © LoginRadius Inc. | Confidential Information 3
  • 4.
    © LoginRadius Inc.| Confidential Information 4 Introduction While cybercriminals are exploring new ways to exploit customer identities, organizations relying on old-school password-based authentication can’t expect adequate shielding. On the other hand, organizations that have incorporated two-factor authentication as their standard authentication security are also facing challenges regarding identity thefts since hackers are now efficient enough to bypass dual authentication mechanisms. Hence, the need for robust multi-factor authentication (MFA) becomes an absolute necessity to ensure the latest threat vectors are covered. Apart from this, having a robust MFA is crucial. However, ensuring its proper deployment through a reliable CIAM (customer identity and access management) solution plays a significant role since handling authentication security in high-risk situations is an uphill task for MFA alone. It requires perfect harmony of MFA and Adaptive MFA. Additionally, we’ll introduce the new-age risk-based authentication (RBA) by LoginRadius in this whitepaper and learn how it revolutionizes authentication security by covering the latest threat vectors.
  • 5.
    © LoginRadius Inc.| Confidential Information 5 Understanding Multi-Factor Authentication (MFA) Before we learn about the importance of MFA and its proper deployment, let’s first quickly understand what MFA is. Multi-factor authentication (or MFA) is a multi-layered security system that verifies the identity of users for login or other transactions. By leveraging multiple authentication layers, even if one element is damaged or disabled, the user account will remain secure. And that's the catch! Codes generated by smartphone apps, answers to personal security questions, codes sent to an email address, fingerprints, etc., are a few examples of multi-factor authentication implemented in day-to-day scenarios. MFA, also known as two-factor authentication (2FA), is an extra authentication method that’s becoming increasingly common. However, as we discussed earlier, businesses leveraging 2FA aren’t much more secure than those relying on MFA since both have a vast difference. 2FA only uses two of the available additional checks to verify consumer identity, whereas MFA may use two or more checks. Simple password-based solutions were once used to secure data; however, this method can only provide you with essential security, and today’s wide threat vector demands additional protection.
  • 6.
    © LoginRadius Inc.| Confidential Information 6 Why MFA is Important? Traditional usernames and passwords can be easily compromised. In fact, they are highly vulnerable to cybercriminal attacks like brute force and account takeovers. On the other hand, multi-factor authentication is considered one of the most efficient ways of providing improved security in recent times. The multiple layers ensure that users demanding access are who they claim to be. Even if cybercriminals steal one credential, they'll be forced to verify identities in another way. With the world heading towards more criminal sensitivities, using multi-factor authentication as part of your consumer identity and access management (CIAM) platform helps you build and maintain solid consumer trust.
  • 7.
    © LoginRadius Inc.| Confidential Information 7 How MFA Works? MFA significantly reinforces security by adding extra layers of defense to the current authentication mechanism. And when a user attempts to log in to their account, it will be prompted to provide additional authentication factors after verifying the username and password. The system then requests additional authentication factors, including one-time passcode (OTP) sent to their phone number, email with an OTP or authentication link, or a fingerprint scan to authenticate the user.
  • 8.
    © LoginRadius Inc.| Confidential Information 8 Password Vulnerabilities Passwords alone aren't sufficient when it comes to securing customer identities. And businesses that ignore the importance of a more robust authentication mechanism always lose trust in their potential customers when they face data breaches and privacy sneaks. However, today’s era demands a more robust form of MFA to handle high- risk scenarios, especially when cybercriminals have already bypassed two authentication layers, including usernames passwords and OTP. Credential Stuffing and Data Breaches Talking about the passwords alone for today’s modern business landscape, cybercriminals already have large databases containing usernames and password combinations. This data is available on the dark web. And with these stolen credentials, hackers perform automated credential- stuffing attacks on various platforms, including websites and web applications, exploiting user accounts and attaining sensitive information. The Ineffectiveness of Passwords Alone
  • 9.
    © LoginRadius Inc.| Confidential Information 9 The Role of MFA in Strengthening Digital Identity Security Identity security is undoubtedly one of the biggest challenges among businesses offering online services to their customers since every user must undergo a series of authentication processes to access resources. However, with a secure authentication mechanism, organizations could gain customer trust and avoid financial losses due to identity thefts and similar data breaches. With MFA working in the background, organizations can stay assured that their customer’s sensitive information is protected even if one or more authentication factors are compromised. Here’s how MFA ensures adequate security for your customers’ digital identities: Protecting Against Credential- Based Attacks MFA mitigates the risks of credential stuffing attacks since additional security layers are added to the authentication process. Hence, even if cybercriminals can manage usernames and passwords for a particular account and have arranged OTP, they can still be prohibited from accessing the account. Safeguarding Against Phishing Phishing attacks are also becoming a significant challenge for organizations since cybercriminals trick users into revealing their credentials on fraudulent websites that may look authentic. MFA protects users by acting as a barrier to such phishing attacks because even if a user unknowingly provides their credentials on fake websites, they cannot access the account since other authentication factors are required.
  • 10.
    © LoginRadius Inc.| Confidential Information 10 Thwarting Keyloggers and Malware Cybercriminals are often utilizing keyloggers and other malware to capture keystrokes, which makes passwords quite vulnerable to threats. However, with MFA, even if a password is compromised, the account is secured with other factors, including phone OTP, email link, security question, and more. The rise in password thefts through phishing, keylogging, and pharming has raised many concerns for organizations across the globe, especially on an open network. All these concerns can be laid to rest through the implementation of MFA. For example, a user would receive a prompt to confirm secondary authentication even if the password is stolen. This will help prevent any data loss. However, what matters the most is how the organization has implemented MFA if a cutting-edge CIAM is deployed to handle authentication security. It Meets Regulatory Compliances Implementing multi-factor authentication can be crucial when complying with specific industry regulations. For example, PCI-DSS requires MFA to be implemented in certain situations to prevent unauthorized users from accessing systems. So, even when application updates lead to unknown and unattended consequences, MFA compliance ensures that it remains virtually non-intrusive.
  • 11.
    Adaptive MFA (Risk-BasedMFA): The New-Age MFA by LoginRadius © LoginRadius Inc. | Confidential Information 11 Since we’ve already discussed the increasing threat vector and how MFA could be of lesser potential in high-risk situations, adding another stringent layer of authentication could be the game-changer. Adaptive multi-factor or risk-based authentication (RBA) is the latest authentication security mechanism that works dynamically to reinforce security in high-risk situations. The RBA mechanism automatically detects any unusual authentication behavior or pattern. It adds another stringent layer of authentication in the current MFA to prevent unauthorized access to a particular account. Whether a hacker or an unauthorized person is trying to access an account from a new device, remote location, or exceeding the number of attempts, RBA works flawlessly to secure an account without human intervention. For instance, LoginRadius’s RBA is perhaps the best MFA solution that can ensure the next level of authentication security even if multiple authentication factors are compromised. The LoginRadius RBA kicks in whenever a suspicious login attempt is detected and automatically adds another authentication layer to protect consumer identity and network. The best thing about RBA is that it gets automatically activated if it detects something fishy based on the number of unsuccessful attempts, geographical location, or other similar situations. Otherwise, the user can typically sign in, preserving a great user experience.
  • 12.
    The LoginRadius’ RBAis designed to overcome the authentication challenges of today’s modern digital landscape. Users can stay assured that they’re shielded against all the latest threat vectors that may impact their identities. Here’s what you get with LoginRadius’ risk-based multi-factor authentication: © LoginRadius Inc. | Confidential Information 12 Offers more layers of authentication without impacting user experience Easy implementation Latest threat-vectors covered Meets regulatory compliance requirements Complies with single sign-on (SSO) solutions
  • 13.
    Implementing MFA Effectively UserEducation Before you put your best foot forward in adopting the right MFA solution for your organization, educating your customers about its importance is crucial. And the same goes for your employees as well. Apart from this, preparing a proper plan to educate your customers and employees regarding the importance of using MFA for reinforcing authentication security is essential. Educating users about the importance of MFA and the potential risks of relying solely on passwords is crucial. Proper guidance and support will encourage widespread adoption and ensure robust customer identity security and the organization’s sensitive information security. Choosing the Right CIAM Vendor Once you’re done educating your customers and employees about MFA, the next crucial step is to choose the right MFA vendor for your organization. As discussed earlier, choosing an identity and access management solution that covers the latest threat vectors and offers a seamless user experience is always a great idea. Implementing Multi-Factor Authentication requires certain best practices. Firstly, choosing a reliable and secure MFA solution that aligns with your specific needs is essential. Regularly updating and patching the MFA software or system is crucial to promptly address potential vulnerabilities. Educating users about the importance of MFA, how to set it up, and how to use it correctly is vital for successful implementation. Additionally, organizations should consider providing backup or alternative authentication methods to account for situations where a primary way may not be available. Monitoring and analyzing MFA logs and user access patterns can help identify suspicious activities or potential security breaches. And with LoginRadius’ MFA, you need not worry about it! © LoginRadius Inc. | Confidential Information 13
  • 14.
    Conclusion Safeguarding digital identitieshas become a critical concern in today's digital-first era, where cyber threats continuously evolve. And the growing size of the identity market on the dark web and the increasing financial and reputational losses businesses suffer due to cybercriminal activities underscore the urgency of implementing effective security measures. On the other hand, traditional passwords alone have proven inadequate in securing customer identities, as evidenced by the rise of data breaches and credential- stuffing attacks. Thus, MFA becomes the need of the hour as it addresses these vulnerabilities by adding extra layers of protection and ensuring that even if one factor is compromised, the account remains secure. So, if you haven’t yet decided on implementing MFA, you can reach LoginRadius to witness the future of secure and seamless authentication! © LoginRadius Inc. | Confidential Information 14
  • 15.
    ©Copyright, LoginRadius Inc.All Rights Reserved. LoginRadius is a leading provider of cloud-based Customer Identity and Access Management solutions for mid-to-large sized companies. The LoginRadius solution serves over 3,000 businesses with a monthly reach of over 1 billion users worldwide.