Multi-factor Authentication Stops 99.9% of Account Hacks: According to Microsoft
Microsoft cloud services are reporting at least 300 million malicious sign-in attempts, daily. MFA can dramatically decrease the risk of account takeover attacks.
Microsoft says that users who enable multi-factor authentication (MFA) for their accounts will end up blocking 99.9% of automated attacks. The recommendation applies not only for Microsoft accounts but also for any other profile, on any other website or online service.
If the service provider supports multi-factor authentication, Microsoft recommends using it, regardless if it's something as simple as SMS-based one-time passwords, or advanced bio metrics solutions. Based on Microsoft’s studies, your account is more than 99.9% less likely to be compromised if you use MFA.
Strong PASSWORDS MATTER, but mfa matters more
We will always tell our clients to use strong passwords and change them often. And to never use a password that has ever been seen in a breach. For information on how to find out if your username or passwords have been involved in a breach, check out our blog page, https://www.cloud-cover.me/accounts-hacked
Expert say that despite blocking leaked credentials or simplistic passwords, hackers continue to successfully compromise Microsoft accounts. This has been attributed to the fact that passwords or their complexity don't matter as much as they used to. Nowadays, hackers have different methods at their disposal to get their hands on users' credentials.
We use multi-factor authentication for our organizations and for most of our clients. It is a simple, affordable and proven way to protect your business’s accounts. For more information on what MFA tool makes sense for your business, contact us.