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The Imperative of Multi-Factor Authentication in Banking
This chapter delves into the critical role of multi-factor authentication (MFA) in safeguarding financial institutions from potential security breaches. Utilizing hypothetical scenarios, the discussion underscores the risks associated with disabling MFA and the dire consequences of relying solely on passwords. Participants share insights on the necessity of strong security measures, vendor communication, and proactive risk management to protect customer data and trust.