Your business can be stopped in its tracks if someone gains access to your account through hacking, phishing or other cyber attacks. The good news is that many data breaches can be prevented with simple actions, such as using multi-factor authentication (MFA). This year, all Xero users will need to set up and use MFA to log in to Xero – it puts an extra bolt on the door to keep your data secure.
Multi-factor authentication (MFA) adds an additional way of checking that it’s really you when you log in. It combines something you know (your user name and password) with something you have (an authentication app on your smartphone or tablet). This second layer of security is designed to prevent anyone but you from accessing your account even if they know your password.
Up to 80% of data breaches can be prevented with basic actions like enabling multi-factor authentication to protect yourself and your customers from attacks.
Source: DBIR, 2020
Statistics show that:
*Source: 2020 Verizon Data Breach Investigations Report
^ Source: Security Intelligence
Multi-Factor Authentication will be available from 1st June and mandatory from 1st July! This will become mandatory from 2nd July. If you have any questions about MFA or Xero then please get in touch with our team ☎️ 01858 289 189
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