Fraud, Scams & Online safety
July 11, 2024
Crime Prevention
Multi-Factor Authentication: What is it and does it actually work?

Multi-Factor Authentication: What is it and does it actually work?

You would probably have seen options popping up on your social media platforms, applications that you used such as PayPal or emails for you to have it set as Multi-Factor […]

You would probably have seen options popping up on your social media platforms, applications that you used such as PayPal or emails for you to have it set as Multi-Factor Authentication (MFA). According to Microsoft, MFA can block over 99.9% of account compromise attacks. While it is not an absolute safeguard, when combined with other security measures such as strong passwords and regular monitoring, MFA provides a robust defense against many types of cyber threats

What is Multi-Factor Authentication?

Multi-Factor Authentication, commonly referred to as MFA, is a security system that requires users to verify their identity through multiple forms of validation before gaining access to an account or system. Unlike single-factor authentication, which relies solely on a password, MFA combines two or more independent credentials from three distinct categories:

  1. Something you know: This is typically a password or PIN.
  2. Something you have: This could be a physical device like a smartphone, security token, or smart card.
  3. Something you are: This involves biometric verification such as fingerprints, facial recognition, or voice recognition.

The goal of MFA is to create layered defenses that make it more challenging for unauthorized individuals to access a target such as a computer system, network, or online account. Even if one factor (like a password) is compromised, the attacker would still need to breach the other layers of security.

How Does MFA Work?

Here’s a typical scenario of how MFA operates:

  1. Login Attempt: A user enters their username and password (something they know) on a login page.
  2. Second Factor Prompt: After entering the correct password, the system prompts the user to provide a second form of authentication. This could be a code sent to their smartphone (something they have) or a fingerprint scan (something they are).
  3. Verification: The user provides the second factor. If the code or biometric data matches the expected input, access is granted.

This process significantly reduces the likelihood of unauthorized access because the attacker would need to compromise both the password and the second factor.

The Effectiveness of MFA

The effectiveness of MFA lies in its multi-layered approach to security. Here are some key reasons why MFA is considered highly effective:

  1. Increased Security: By requiring multiple forms of authentication, MFA adds a substantial barrier against unauthorized access. Even if an attacker obtains a user’s password, they would still need the second factor to breach the account.
  2. Reduced Risk of Phishing: MFA can mitigate the risk of phishing attacks. If a user inadvertently discloses their password through a phishing scam, the attacker still cannot access the account without the second authentication factor.
  3. Compliance with Regulations: Many industries and regulatory bodies now require MFA for compliance with security standards. Implementing MFA can help organizations meet these requirements and avoid potential fines or penalties.
  4. User Awareness: MFA promotes better security hygiene among users. The need for a second authentication factor encourages users to be more mindful of their account security.

Get Police Assistance

For all emergencies and immediate Police assistance
Call: 000
To report non-urgent crimes or events 24 hours a day
Call: 131 444
To report information about a crime contact Crime Stoppers on
1800 333 000

Suggested reading just for you

Discover more Fraud, Scams & Online safety articles.

Protecting yourself from Superannuation Scams

With the start of financial year and everyone rushing in to get their taxes sorted, it is important that you remain vigilant as scammers may target you to access your […]
Read More

Fake or not fake? How can you tell if it is an AI scam?

Be cautious of unexpected offers, especially those that seem too good to be true.
Read More

Say Yes to the Job: Work Edition – What to Consider Before Accepting an Offer

Before accepting a job offer, ensure it's legitimate by researching the company, verifying contact details, and avoiding upfront payments. Protect yourself from scams and find a truly rewarding opportunity.
Read More

Keep up to date with our tips, news and events

Subscribe to our newsletter
Connect With Us

Neighbourhood Watch Victoria acknowledges the 38 mobs, the Traditional Custodians of the land on which we operate, live, and gather as employees and volunteers. We recognise their continuing connection to land, water and community and pay respect to Elders past, present and emerging.

At Neighbourhood Watch, we believe everyone has the right to feel safe and welcome. We are committed to ensuring diversity, inclusion and equity are embedded throughout our organisation – in the work we do, the services we deliver and among our staff, volunteers, and the communities we work with.