Xero Multi Factor Authentication (MFA)

Xero is launching MFA from 1st June. Add a second layer of security with multi-factor authentication.

Just one easily guessed password can stop your business in its tracks. So Xero has put an extra deadbolt on the door to help keep your data secure.

Your business can be stopped in its tracks if someone gains access to your account through hacking, phishing or other cyber attacks. The good news is that many data breaches can be prevented with simple actions, such as using multi-factor authentication (MFA). This year, all Xero users will need to set up and use MFA to log in to Xero – it puts an extra bolt on the door to keep your data secure.

What is MFA?

Multi-factor authentication (MFA) adds an additional way of checking that it’s really you when you log in. It combines something you know (your user name and password) with something you have (an authentication app on your smartphone or tablet). This second layer of security is designed to prevent anyone but you from accessing your account even if they know your password.

Did you know?

Up to 80% of data breaches can be prevented with basic actions like enabling multi-factor authentication to protect yourself and your customers from attacks.
Source: DBIR, 2020

Statistics show that:

• 70% of breaches are caused by ‘bad actors’ with 55% of these in organised crime*
• 67% of breaches are due to credential theft, errors and social attacks*
• Financial gain is still the primary motive for cyberattacks*

• The global average cost of data breaches reported in a 2019 report was US$3.9 million^

*Source: 2020 Verizon Data Breach Investigations Report
^ Source: Security Intelligence

Multi-Factor Authentication will be available from 1st June and mandatory from 1st July! This will become mandatory from 2nd July. If you have any questions about MFA or Xero then please get in touch with our team ☎️ 01858 289 189

We'll keep you updated!

Thanks for stopping by,

Charlotte

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