Why Two-Factor Authentication is Must for Your Magento Store

Password alone is susceptible to potential treats as fraudsters require to guess only a single piece of information to gain unauthorized access of your Magento Store. Although, users compromising the strong passwords strategy or unknowingly given access to frauds may lead to breaking the security. We know, in eCommerce World, everyday millions of transactions are done and lots of sensitive data are shared online. Compromising the security affects the business reputation, money and sensitive data. The Two Factor Authentication (TFA) Process also known as Two Step Verification is what needed to deal with the security threats.

Common authentication process of logging by using username and password is not much difficult for online criminals to guess. Such financial details are grabbed by them which is potentially a high threat in financial nature.

How Two Factor Authentication Works to Deploy Magento Security?

The TFA adds additional security to make the logging process secure. It’s a piece of information which only an authorized user knows and harder to guess. Supplementing the password with another factor tends to be more secure authorized process. More will be the secure logging process after implementing the TFA process. Although, this process is not new, but prevailing in this digital world now. Recently, in 2011 Google introduces two step verification for online users to access their accounts, continued by Yahoo and MSN.

We already know, the first factor is login using a random and strong password. Sometime, it may be handed over by the online criminals. So what you will do? At such time, second factor login will render security to your logging process. It’s probably easier to compromise the first factor, but not second. The second factor may be a fingerprint or codes created solely for the devices.

The second factor, commonly used as the mobile app possessed by the user as a means to generate an identical code to gain access to the user account. After signing in with the user's password, a code is sent from the app to the user mobile. This code is then entered in the store login interface. This number is valid only for few seconds may be 30 seconds, thus ensuring only the authorized user have the access of the store account.

The concept behind TFA is to ensure that the authorized user is accessing their store account by entering their password and then code by self or sending directly to the store login interface. In either way, principle remains the same, the user have to prove that they know their login password and possess the TFA device. Even, if we assumed that a hacker has gained access of the user's password and also stolen the TFA device which is unlikely, still the lost device will be simply removed from the TFA system, restricting the hacker access.

The TFA process works on same mechanism between mobile app and TFA service, where the TFA service shares a code with the mobile app. It is a long complex number which is hard to guess is sent to user's mobile at the calculated time period. Even, if someone found that code, it will be too late to actually put that code as the code valid for only 30 seconds. Implementing the use of mobile phones and turning them into authentication device has restricted adding any extra cost to website security. This type of process is considered as the fastest, easiest and secure way to solve security threats.

The Two Factor Authentication improvise the Magento Security in the online store. User may also install and configure the Security Magento TFA Extension.