Phishing Resistant MFA will be the next thing on your IT security to-do list. Multi-Factor Authentication will need more than what it has now.
A recent survey revealed that 50% of senior security and IT executives prioritize anti-phishing measures for 2023. Thus, phishing-resistant MFA is an important factor to consider in today’s world.
Preventing phishing-related incidents is a priority for various reasons. According to a survey, 84% of organizations had suffered an identity-related breach in the last year, with phishing attacks (59%) being the most frequent source.
CISA has observed that 80% of companies have encountered at least one member who was the target of phishing efforts by their staff.
In 2022, the U.S. White House Office of Management and Budget emphasized the importance of resisting phishing in its memorandum, with CISA following suit soon after by strongly recommending organizations adopt phishing-resistant multi-factor authentication for protection against phishing attacks.
For lower cyber insurance rates, providers are optimizing their phishing awareness in 2023, as they need to be aware of the range of existing phishing techniques out there.
Taking all of this into consideration, it’s evident that 2023 will be the year when phishing-resistant MFA and other measures to prevent phishing become prevalent.
Many believe that Multi-Factor Authentication (MFA) can protect them from attacks, though not all MFA is phishing resistant. As more companies employ MFA, phishers are adjusting their strategies as well, using methods such as SIM swapping attacks and man-in-the-middle attacks to bypass them.
SIM swapping allows a remote attacker to access someone’s phone communications with social engineering instead of having physical access to the device and read SMS texts containing authentication codes. Man-in-the-middle attacks involve hackers intercepting web traffic and inserting themselves in between with false login pages that accept credentials, including those used for MFA.
Phishing Resistant MFA vs Certificate-Based Authentication
A Certificate-based Authentication is a phishing-resistant form of MFA that is growing in popularity with businesses and government organizations. It utilizes a hard token such as a smart card or hardware device to authenticate, simplifying the process of using several tokens while also strengthening security.
Certificate-based Authentication provides advanced MFA that is passwordless and tamper-proof, meaning it can potentially protect users from phishing attacks. It also works across multiple IAM systems, Active Directory use cases, and operating systems, making authentication more consistent and secure by reducing attack vectors.
Certificate-based authentication can not only improve security but also offers operational and end-user benefits that benefit organizations, such as streamlining credential distribution and management and allowing users to set up and reset passwords without help from technical support.
While still new, Certificate-based Authentication could be the key to providing a phishing resistant MFA in the future.