Why Multi-Factor Authentication MattersStrengthen security for your clients and your firm with Thomson Reuters Authenticator™, the new multi-factor authentication app
What is Multi-Factor Authentication?
Many of the online accounts and software products that you use every day are currently 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.
Unfortunately, passwords can be easily stolen or hacked, which means that the accounts and data behind those passwords are at risk. Multi-factor 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.
How Does Multi-Factor Authentication Work?
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 even a scanned fingerprint. Typically, multi-factor authentication systems rely on evidence from at least two of the following categories:
- Something you know, such as your login and password.
- Something you have, such as your smartphone.
- Something you are, such as your fingerprint.
You’ve probably used multi-factor authentication in some form already, such as when you use your debit card or withdraw cash from an ATM. You know your PIN number, and you have your debit card. Used together, they protect your account and offer much stronger security than one factor alone.
Introducing Thomson Reuters Authenticator App
The Thomson Reuters Authenticator mobile app makes it possible to add a powerful layer of security to protect the confidential data in your Thomson Reuters software.
The app enables you to secure your applications and data via multi-factor authentication—a process by which you verify your identity when you 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 multi-factor authentication are simply an internet connection, a smartphone or tablet and the Thomson Reuters 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 multi-factor 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.