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Importance of Multifactor Authentication and Risks of Cyber Attacks
This chapter stresses the critical need for implementing Multifactor Authentication (MFA) in companies to mitigate cybersecurity risks, citing examples of breached credentials and financial losses from social engineering attacks. It also discusses the rise in cyber incidents, particularly ransomware attacks, affecting US federal agencies and small towns, underscoring the importance of secure approval processes and MFA to safeguard against financial harm and disruptions.