Over 80% of cybersecurity breaches are due to compromised credentials, costing on average $4.35M per breach. The surest way to protect your customer’s data and your intellectual property from these kinds of attacks is with multi-factor authentication (MFA).
In this Stytch Talks, Stytch CEO and co-founder Reed McGinley-Stempel chats with Jordan Burris, identity thought leader and cybersecurity strategist, on the future of MFA, why phishing-resistant MFA is becoming a crucial investment, and what you should be mindful of from a user experience standpoint, to provide the highest levels of account security without introducing unnecessary barriers to access your products and services.
[Sources: Verizon, Data Breach Investigations Report, 2022; IBM, Cost of a Data Breach, 2022.]