Tax & Accounting Blog

Going Beyond Passwords — How We Work Together to Keep You Safe

Accounting Firms, Blog, CS Professional Suite August 2, 2017

Many of the online accounts and software products you use every day are protected by a login and password. That password is the single factor in the authentication process — the way that those products or services can confirm your identity.

Passwords can be easily stolen or hacked, unfortunately, which means that the accounts and data behind those passwords are at risk. Multifactor authentication adds at least one more layer of identity verification to that process, so your protection against hacking and fraud attempts is much stronger and more secure than a simple password.

This additional verification step could be a prompt that you approve via a mobile app, a randomly generated code that you enter when you log in or a scanned fingerprint. Typically, multifactor authentication systems rely on evidence from at least two of the following categories:

  1. Something you know, such as your login and password
  2. Something you have, such as your smartphone
  3. Something you are, such as your fingerprint

You’ve probably used multifactor authentication in some form already — for instance, when you use your debit card or withdraw cash from an ATM. You know your PIN, and you have your debit card. Used together, they protect your account and offer much stronger security than one factor alone.

Introducing the Thomson Reuters Authenticator™ App

The Thomson Reuters Authenticator mobile app makes it possible for you to add a powerful layer of security to the financial data in your Thomson Reuters software.

The app gives you the protection of multifactor authentication — a process by which users verify their identity when they log in to the software, either by approving a login request in the Authenticator app or by entering a unique numerical code provided by the app. The requirements for multifactor authentication are simply an internet connection, a smartphone or tablet and the Authenticator app.

This additional security feature for your firm can be required for all staff members or enabled on an opt-in basis. We strongly advise that you enable multifactor authentication to strengthen the security of both your firm’s and your clients’ data — and Thomson Reuters will be there to support you every step of the way.

The Thomson Reuters Authenticator app is available for download at the App Store® and Google Play™. You can learn more about Authenticator at https://tax.thomsonreuters.com/security/authenticator-app/.