Multi-factor authentication – what is it and why should I have it?
Two-stop verification is defined as a process that involves two authentication methods performed one after the other to verify that someone or something requesting access is who or what they are declared to be. This can also be known as 2FA, Multi-factor verification and a number of others, but basically, all achieve the same outcome.
In summary, it is a practical and simple way to increase security for you and your online data, reducing the risk of a data breach. In the case of MYOB and Xero it means having two ways of proving that you’re you by using:
- Something you know – your username and password
- Something you have – your mobile phone
If you don’t have this turned on in your online file then we highly recommend setting it up. It means the whole login process is only seconds longer than you’re used to and your data is a whole lot more secure. Think about logging into your bank, you enter your customer ID and your password but then also need to enter a code from a netcard or a token of some description – this is no different and is about protecting your data.
Here at 3rd Arm Admin, we take your data security seriously and the staff here are all required to have this turned on to help protect you and your data.
If you turn on 2FA this only protects your login details. Your Bookkeeper or Accountant (or any other staff for that matter) can still access your information using their login details (ideally they will have 2FA activated also).
So, in a world where we regularly read headlines about digital security breaches in all kinds of different businesses, usernames and passwords being stolen etc your software providers are showing you how important they see your security. Why not take it seriously and set this up.