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|WatchGuard Launches AuthPoint, Multi-Factor Authentication for Small and Midsize Businesses|
|Posted: Thu Jul 26, 2018 01:46:06 PM|
New survey reveals that 61 percent of SMBs believe MFA solutions are only accessible for enterprises; WatchGuard’s new cloud-enabled AuthPoint solution delivers easy-to-manage, cost-friendly multi-factor authentication to SMBs
SEATTLE – WatchGuard® Technologies, a leader in advanced network security solutions, today unveiled AuthPoint – a cloud-based multi-factor authentication (MFA) solution designed for small and midsize businesses (SMBs). MFA has always been out of reach for SMBs due to cost, complexity and management issues, until now. In fact, according to a new survey of IT managers and professionals conducted by independent market research firm CITE Research, 61 percent of respondents from companies with under 1,000 employees believe MFA services are reserved for large enterprises. WatchGuard’s AuthPoint addresses these authentication concerns by eliminating the complex integration processes, considerable up-front expenses, and burdensome on-premises management requirements.
“We know that a massive portion of data breaches involve lost credentials, and since cyber criminals target organizations of any size, MFA is now a prerequisite for all businesses,” said Alex Cagnoni, director of Authentication at WatchGuard. “In the absence of MFA, cyber criminals can utilize a variety of techniques to acquire usernames and passwords, such as spear phishing, social engineering, and buying stolen credentials on the dark web, to gain network access and then steal valuable company and customer data. With AuthPoint, we’re breaking down longstanding barriers between SMBs and MFA adoption with a solution that is affordable, easy to deploy, and vastly scalable – all of which is made possible by WatchGuard’s cloud-based approach to authentication.”
WatchGuard’s AuthPoint solution is a cloud service that can be deployed and managed from any location without the need for expensive hardware components. The service relies on WatchGuard’s AuthPoint app to facilitate user authentication. As the most effective and accessible MFA solution for SMBs, AuthPoint’s key features include:
“Cloud-based multifactor authentication (MFA) services provide an alternative to on-premises products for MSEs to implement strong authentication. MFA provides mitigation against account takeover and can significantly reduce the risk of phishing attacks. These services potentially provide total cost of ownership (TCO) benefits over legacy on-premises software or hardware deployments. Further, TCO benefits can accrue from choice of modern authentication methods (such as phone-as-a-token methods) that also provide good security combined with improved user experience.” Gartner: Midsize Enterprise Playlist: Security Actions That Scale, by Neil Wynne, James A. Browning, Published: 10 May 2018 ID: G00355786
“With the launch of AuthPoint, WatchGuard has smartly extended its product portfolio with a vital security offering that is often overlooked by SMBs, and done so in a channel-friendly way that is easy to sell, deploy, and manage,” said Greg Shanton, vice president of CyberSecurity at Neovera. “AuthPoint’s cloud-based architecture means we can easily onboard new customers, allocate licenses, segment permissions, and report on their activity from a single, easy-to-use interface. It’s evident throughout the entire experience that AuthPoint was built keeping both the success of its channel partners, and the security of our mutual customers in mind.”
KEY SURVEY FINDINGS:
Password security is still a major issue among companies with less than 1,000 employees:
These companies need an intuitive, cost-effective MFA solution:
This survey was conducted by CITE Research on behalf of WatchGuard. It covers small business owners and IT managers or higher at companies with less than 1,000 employees in the United States, the UK and Australia. For the complete survey findings, download the full report here.