Learning & Guidance | Skyla Credit Union

How Multi-Factor Authentication Can Secure Your Account

Written by Yanna | Feb 28, 2025 9:07:25 PM

Does handling your online security accounts sometimes feel overwhelming? I get it! That’s why I'm happy to help simplify it.

According to Microsoft,  more than 99.9% of compromised accounts didn't use multi-factor authentication (MFA)? MFA is an effective, no-nonsense way to secure your accounts by adding extra layers of protection. This ensures that even if your password is compromised, your personal data remains safe.

 

here's a quick look at what we'll cover



what is multi-factor authentication (mfa)?

MFA is a security process that requires you to verify your identity using multiple methods before granting access to your account. Instead of relying solely on a password, MFA uses additional verification steps—like a code sent to your phone or a fingerprint scan—making it much harder for unauthorized users to gain access.

 

how does multi-factor authentication work?


MFA works by combining different types of authentication factors:

  • Something You Have: A code from your mobile device, hardware token or email address.
  • Something You Know: A password, Personal Identification Number (PIN) or answers to security questions.
  • Who You Are: A biometric identifier such as your fingerprint or facial recognition. 

These factors build a strong barrier against intruders.

 

why is multi-factor authentication important?

Cyber threats are everywhere, and data breaches, cyber attacks, and ransomware incidents were all over the headlines in 2024. Check it out>   If you think it won’t happen to you, think again. Protecting your information starts with stronger security measures—like MFA.

Psst... Keep in mind, MFA adds an essential extra barrier that significantly reduces the risk of unauthorized access, giving you a higher level of security for your sensitive information.

 

how do i enable multi-factor authentication on my accounts?

VIA GIPHY

The exact steps may depend the type of account you are trying to secure, Typically , general steps include:

  • Log In: Access the account you want secured and head to the security settings.
  • Navigate: Locate the MFA or two-factor authentication option.
  • Activate: Follow the prompts to link your mobile device, email, or biometric data. Repeat these steps across your financial accounts, email, and social media profiles to ensure a more secure online presence.

MFA should be set for sensitive accounts such as banking, social media and email. here are some steps that would help.

[faq1]


is multi-factor authentication 100% secure?

While MFA dramatically improves your account security, no system is completely immune to threats. It’s important to combine MFA with other good security practices, like using strong, unique passwords and keeping your devices updated, to build a comprehensive defense against cyber risks.

QUICK TIP: Don't use the same identifying information on multiple websites. Create strong user ID’s and passwords – use a combination of upper case and lower case letters, numbers, and special characters (!@#$%^&*)

 

what’s the difference between two-factor authentication and multi-factor authentication?

Two-factor authentication (2FA) is actually a subset of MFA that uses exactly two layers of security. MFA, on the other hand, can include three or more layers, offering even greater protection.

Both are valuable, but MFA provides extra flexibility and strength when it comes to securing your accounts.

Want a deeper comparison? Check out the differences between 2FA vs. MFA.  


does skyla use multi-factor authentication to protect members' accounts?

Yep! We prioritize your security by employing robust measures—including MFA—to safeguard your account. While we keep some details confidential to maintain optimal security, rest assured that enabling MFA on your account significantly boosts your protection.

If you're looking to enable MFA on your skyla account, This is simple and can be done in just a few easy steps.

  • Go to settings:  Select Settings from the Profile icon in the top right corner when you're logged into your account online
  • Choose security: Tap on the Security tab within your Settings
  • Pick your method: Choose between text, voice call, or an authentication app

 

ready to secure your account?

Your digital safety is too important to leave to chance. If you’re on the fence about MFA, consider taking that extra step to set it up today. Strengthen your defenses, secure your personal information, and enjoy greater peace of mind. For more insights on online security, be sure to explore our related article on best practices for digital safety.