Benefits of Two-Factor Authentication (2FA) Setup
Enhanced Security
2FA ensures a more robust security system by requiring a second form of verification, such as a code sent to a mobile device. This significantly reduces the risk of unauthorised access, even if a password is compromised.
Compliance and Risk Mitigation
For businesses that regulate sensitive information or handle confidential transactions such as the Singpass application, 2FA can help meet compliance requirements and mitigate the risks associated with data breaches.
Improved Customer Trust
Implementing 2FA demonstrates to your customers that you prioritise their security and are proactive in protecting their sensitive information. This commitment not only boosts your brand's reputation but also fosters increased trust with your clientele.
How Singpass 2FA protect business and customers
Reduced Impact of Phishing Attacks
2FA reduces the effectiveness of phishing attacks, where malicious actors attempt to trick individuals into revealing their credentials. In the case of a user falling victim to a phishing scheme, the additional verification step helps prevent unauthorised access.
Defence Against Password Reuse
Given the widespread issue of password reuse, 2FA has become essential for providing an additional layer of security. It prevents hackers from gaining unrestricted access without the second factor, even if a password is used across multiple sites,
Protection For Sensitive Online Portals
For businesses handling sensitive information through online portals, such as healthcare providers or educational institutions, 2FA offers an extra barrier to access. A second factor is still required to gain entry when a password is compromised.
