Consumer Spending Over Black Friday Through Cyber Monday Is Forecast to Grow by 47% -- Keep Accounts Secure

With Black Friday and Cyber Monday quickly approaching, now is the time to make sure online accounts are protected with an additional layer of security, using two-factor authentication (2FA).Everyday headlines make it clear that plain old passwords are an inadequate form of security and clearly not enough when it comes to keeping our communications, accounts, and sensitive data secure. Hackers can crack most passwords in seconds and poor password habits like reusing the same password across multiple accounts (something that is done for a whopping 73% of online accounts), leaves users vulnerable.Protecting accounts with 2FA significantly decreases the risk of a hacker accessing your online accounts, by combining your password (something you know) with a second factor, like your mobile phone (something you have). With 2FA turned on for your banking, shopping, social media or other accounts, even if a hacker steals your password they can't break into your account because they don't have the one-time passcode that was sent to YOUR mobile device.At a time when people are more connected than ever, adding an additional layer of security to online accounts that utilizes their mobile phones is not just smart, it's essential.According to Verizon Data Breach Investigations Report, 81% of hacking-related breaches involved either stolen or weak passwords. Two-factor authentication could have prevented many of the damages caused by cyberattacks that have hit the news lately, including the Anthem breach that affected 80 million people.2FA is the next level of security—and it offers better peace of mind. Stay safe online!If you're a business that offers 2FA to your users, remind them today to turn it on! If you haven't yet built this security feature into your web or mobile application, contact one of our experts today to get started.Many of the world's largest online and mobile properties offer 2FA to help prevent fraudulent activity and protect accounts. To see if the sites and apps you use offer 2FA, and to get detailed step-by-step instructions on how to Turn It On, start here.

Talk To An Expert

Interested in learning about how TeleSign's identity and engagement solutions can prevent fraud while fostering secure and global growth for your business? Let's chat.