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June 2019
From the Desk of Brian M. Hughes, Vice President/IT Director
Have you noticed how often security breaches, stolen data, and identity theft are consistently front-page news these days? Perhaps you, or someone you know, are victims of cyber criminals who stole personal information, banking credentials, or more. As these incidents become more prevalent, you should consider using multi-factor authentication, which is often also called strong authentication, or two-factor authentication. This technology may already be familiar to you, as many banking and financial institutions require both a password and one of the following to log in: a call, email, or text containing a code. By applying these principles of verification to more of your personal accounts, such as email, social media, and more, you can better secure your information and identity online!
What it is
Multi-factor authentication (MFA) is defined as a security process that requires more than one method of authentication from independent sources to verify the user's identity. In other words, a person wishing to use the system is given access only after providing two or more pieces of information which uniquely identifies them.
How it works
There are three categories of credentials: something you either know, have, or are. Here are some examples in each category.
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Something you know
Password/Passphrase
PIN Number
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Something you have
Security Token or App
Verification Text, Call, Email
Smart Card
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Something you are
Fingerprint
Facial Recognition
Voice Recognition
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In order to gain access, your credentials must come from at least two different categories. One of the most common methods is to login using your username and password. Then a unique one-time code will be generated and sent to your phone or email, which you would subsequently enter within the allotted amount of time. This unique code is the second factor
Here at The First National Bank our online banking and eStatements store a token on your computer that identifies it as the "something you have" after you successfully login with your additional security question the first time. By accessing your accounts from a computer that has your unique token, you are connecting with multi-factor authentication.
When should it be used?
MFA should be used to add an additional layer of security around sites containing sensitive information, or whenever enhanced security is desirable. MFA makes it more difficult for unauthorized people to log in as the account holder. According to the National Institute of Standards and Technology (NIST) MFA should be used whenever possible, especially when it comes to your most sensitive data - like your primary email, financial accounts, and health records. Some organizations will require you to use MFA; with others it is optional. If you have the option to enable it, you should take the initiative to do so to protect your data and your identity.
Activate MFA on your accounts right away!
To learn how to activate MFA on your accounts, head to the
Lock Down Your Login
site, which provides instructions on how to apply this fantastic form of security to many common websites and software products you may use. Lock Down Your Login is a resource created by the National Cyber Security Alliance and the U.S. Department of Homeland Security through their Stop Think Connect campaign to empower citizens with cybersecurity knowledge and practices.
If any of your accounts are not listed on that resource site, look at your account settings or user profile and check whether MFA is an available option. If you see it there, consider implementing it right away!
Conclusion
Username and password are no longer sufficient to protect accounts with sensitive information. By using multi-factor authentication, you can protect these accounts and reduce the risk of online fraud and identify theft. Consider also activating this feature on your social media accounts!
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