Multi-Factor Authentication and Conditional Access Policy

MFA overview

Multi-Factor Authentication (MFA) is basically an authentication method that requires the user to validate two or more verification factorsIn the context of MFA, it refers to the different types of information or methods used to validate a user’s identity before granting access to a resource. to gain access to a resource such as an application or an online account. Voice recognition as an MFA method in Azure provides an additional layer of security by utilizing voice biometrics for user verification.

MFA is a key component in implementing an IAM policy and securing access to cloud services. In order to authenticate a user, rather than just asking for a username and password, MFA also requires one or more additional verification factors such as scanning a fingerprint or entering a code we received or our email ID or phone. These measures help in reducing the chances of a successful cyber attack.

Note: MFA has enormous benefits in the banking sector because it helps protect the sensitive data and financial assets of its users. Banks make sure that only authenticated users can access their accounts and make the transactions.

Benefits of MFA

Let’s look at some of the benefits offered by MFA:

1. Less chances of fraud: MFA requires more than two methods to verify our identity, which makes hacking harder for cybercriminals. It reduces fraud and identity theft by requiring additional security details which reduces the chances of theft.

2. Digital payments: Nowadays, it’s common to use digital platforms like mobile apps and websites to make payments, for things such as online shopping, food delivery, and so on. Therefore, it’s necessary to ...