Protecting Your Online Accounts: Best Practices for Strong Authentication 2023 | Smart Money Match
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Protecting Your Online Accounts: Best Practices for Strong Authentication 2023

As the twenty-first century progresses, safeguarding our data is more important than ever.

According to an analysis, the average data breach cost is already $4.35 million, and this figure will only rise. To keep your data secure in 2023, enterprises should be aware of the most recent security threats and act to protect themselves.

In this article, we will outline the best practices for strong authentication in 2023. Read on.

 

1. Use Multi-Factor Authentication


MFA, or multi-factor authentication, adds many stages to the login process. If a hacker has breached one of the factors, the chances of another being compromised are low; hence having several authentication factors provides a higher level of certainty about user login security.

However, remember that each security layer in a multi-factor authentication should be guarded by a separate tag: something your customers know, have, or are. For example, if your customer has assigned their phone number as the second tier of authentication, a one-time password will be sent to the phone. As a result, if hackers do not have the phone, they cannot obtain the code, which means they cannot log in.

Significantly, you should Metaverify your accounts to build customer trust and credibility. This will ensure that hackers cannot use your account to target your customers, as it would lack the verification source.

 

2. Increase Password Length and Reduce the Focus on Password Complexity

 

In the past, password security advice has mainly emphasized the establishment of difficult passwords, although this frequently leads to reusing existing passwords with small variations. "Complexity requirements place an extra burden on users, many of whom will use predictable patterns to meet the required 'complexity' criteria," according to the National Cyber Security Council.

Attackers know these methods and utilize this knowledge to improve their attacks. The National Institute of Standards and Technology- NIST and Microsoft propose a minimum password length of 8 characters for user-generated passwords, with a maximum password length of 64 characters for more critical accounts. This enables the use of passphrases. A passphrase is a password comprising a sentence or a string of words. It helps users remember lengthier passwords and makes brute-force guessing harder for hackers.

 

3. Eliminate Regular Password Resets