The present and future of two-factor authentication (2FA)

Fraud figures continue to rise year on year. A report by Juniper estimates the cost of cyber-attacks is set to reach $2.1 trillion globally by 2019.[1] According to Symantec, an authority in cybersecurity, 80% of data breaches could have been averted with two-factor authentication (2FA),[2]  a recommended best-practice for protecting sensitive data. 2FA is also sometimes required by law when handling and accessing certain types of information, such as Federal Government data and systems in the US, bank accounts, and, soon, due to implementation of the Second Payment Services Directive (PDS2), all online payments across the European Union (EU).

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