Enhancing Account Security: Important Information on Multi-Factor Authentication

We, here at Loyal I.T. Solutions, wanted to address an important topic that has gained significant attention recently: users being hacked whilst MFA is in place on their accounts.

While MFA is widely regarded as a strong security measure, it is crucial to understand its limitations and take additional steps to fortify your accounts. We have gathered valuable insights from various sources to provide you with a comprehensive understanding of the topic. While MFA significantly reduces the risk of unauthorised access, it is not foolproof. Some common vulnerabilities associated with MFA include SIM swapping, phishing attacks, and social engineering techniques. Attackers have been known to exploit these weaknesses to gain unauthorised access to accounts despite the presence of MFA.

To mitigate these risks, we strongly recommend implementing additional security measures in conjunction with MFA. Here are some actionable steps you can take:

Use a Mail and DNS Protection system: A program like MailGuard may reduce SPAM and phishing emails from being delivered to your inbox.  MailGuard is a small price to pay for the protection it gives your business and data.

Stay informed: Regularly educate yourself and your team about the latest threats in the cybersecurity landscape.

Enable stronger MFA options: Opt for authentication methods beyond SMS, such as hardware tokens or biometrics, to reduce the risk of SIM swapping attacks.

Implement robust password practices: Encourage the use of strong, unique passwords for each account and consider adopting a password manager to streamline the process. Change your strong password regularly.

Be vigilant against phishing: Train your team to identify phishing attempts, employ email filters to block suspicious emails, and never provide sensitive information through unverified channels.

Monitor account activity: Stay proactive by regularly monitoring your accounts for any unauthorised access or suspicious activity.

Don't use Public WiFi: WiFi roaming enables users to seamlessly connect to WiFi hotspots without having to constantly log in. While that sounds great, it isn’t safe to automatically connect to an open Public WIFI network. 

By combining these measures with MFA, you will significantly enhance your account security and reduce the likelihood of successful attacks.

As your trusted IT provider, Loyal I.T. Solutions are committed to assisting you in safeguarding your sensitive data. Should you have any further questions or concerns regarding account security or other cybersecurity topics, please do not hesitate to reach out to our support team on 4337 0700 or at reception@loyalit.com.au.