What is Multifactor Authentication?

What is the difference between two-factor authentication and multifactor authentication (MFA)? MFA is the new buzzword, but how exactly is it different than 2FA, and what are its benefits?

As the name implies, multifactor authentication uses multiple methods of customer authentication to verify a user’s identity. These methods go beyond typical 2FA factor systems, like passwords backed up by text verification, to include multiple parallel types of user authentication. MFA can include a combination knowledge factors, such as traditional passwords, possession factors such as text verification, and inherence factors such as fingerprint identification, all in one dynamic solution.

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