It’s much more difficult to share your authenticator app with someone than a password…:
[…] These best practices explain why MFA remains one of the best defenses for mitigating password risk and preventing cyber criminals from exploiting user credentials.
“Poor password hygiene habits are still very commonplace, and compromised credentials are one of the top causes of data breaches, costing companies millions of dollars annually,” said T.J. Minichillo, Keyavi’s CISO and VP of cyber threat & intelligence.
More than a third of Americans admit to sharing their password with others, while a majority use the same login for more than one account, according to Security.org. Both practices can seriously compromise online security.