Most applications use a username/password combination to authenticate or log in their users. Some of them use a second method on top of the first, like a token or code sent via SMS. That is commonly called 2FA or two-factor authentication.
No matter the industry, identity fraud and account takeover can translate into a ruined business. Companies can implement security measures even during account opening with sound identity verification proofing technologies.
In a world with an increasing amount of cyber threats, the question posed is no longer whether we need authentication. The real question is how to choose the right MFA methods to suit your security needs, and this is the focus of this blog post.