The Cyber Readiness Institute’s Global Small Business Multi-Factor Authentication study (published 5 July 2022) found that only 46% of small and medium-sized businesses are using multi-factor authentication (MFA) to secure critical data. Furthermore, only 39% of those that do use MFA have a process for prioritising critical hardware, software, and data. MFA makes it more difficult for potential cyber-criminals to gain access to personal accounts, even if they have, or guess, your password. Lack of awareness appears to be the main reason for the low take-up of more advanced authentication options.
About the Cyber Readiness Institute: The Cyber Readiness Institute is a non-profit initiative that convenes business leaders from across sectors and geographic regions to share resources and knowledge that inform the development of free cyber-security tools for small and medium-sized enterprises (SMEs).