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Why is Multi-Factor Authentication necessary?

April 26, 2017authentication multi-factor necessary

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Why is Multi-Factor Authentication necessary?

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• The Federal Financial Institutions Examination Council’s (FFIEC) has determined that the security provided by a single password may be defeated with new technology being employed by high-tech hackers of today. In response, regulators have mandated that enhanced security precautions be implemented to increase online safety and make accounts more secure while preventing spoofing attempts by look-alike websites.