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Two-factor authentication to be more popular

January 30, 2015

Two-factor authentication to be more popular
 
The digital landscape is rapidly evolving and document protection capabilities are changing to keep pace. In the past, organizations would use a password-only approach to keep confidential resources secure. This is not the case anymore, especially as mobile and cloud computing initiatives become more prevalent in the private sector, according to a study by Fortinet.
 
The general document security model will change, Fortinet projected. Since cracking a simple four or five-digit password takes a matter of minutes today, organizations will begin to use two-factor authentication tools when signing into systems containing highly sensitive resources.
 
This new method consists of individuals demonstrating they have two separate forms of identification. In many cases, it means employees will have to input a password in addition to swiping an ID card or scanning a fingerprint.
 
A separate report by MarketsandMarkets said the multi-factor authentication market is forecast to expand at a compound annual growth rate of more than 17 percent through 2017, eventually generating more than $5.4 billion in revenue. These processes will become common in the coming years as decision-makers opt to enhance data and document security initiatives with more robust procedures.