2FA: What it is & why it’s crucial for merchant security

Every small business owner should prioritize data security, no matter how “under the radar” they may feel. In fact, the risks are higher than expected and the consequences of a breach could force a business to go belly up. Roughly three in four small businesses don’t think they will be hacked, but about two-thirds of small and medium sized businesses faced a data breach in 2018. And 60 percent of small businesses are shuttered within six months of a cyber attack.

For those looking for a simple, effective solution, look no further than Clover’s two-factor authentication, a powerful protective tool accessible with just a few clicks. Of course, merchants should use a variety of security measures, but starting with two-factor authentication creates a crucial safeguard against lurking cyber criminals.

Read on to see how taking this very simple step can go a long way toward protecting your company and customer data.

What is two-factor authentication?

Two-factor authentication is a security measure that requires accessing a code from another device to log into your web dashboard. First, enable it with your Clover account by following the instructions below. Once enabled, whenever you login, a code will be sent to your smartphone. Enter this authentication number to proceed to your web dashboard.

How does it beef up security?

As a small business owner, there are a number of factors that can make your business more susceptible to hackers: high employee turnover, a lack of IT support, remote employees and poor password protocol are just a few examples. These holes in the system can be easily plugged up with two-factor authentication.

This extra line of defense prevents hackers from logging into your dashboard and accessing a trove of highly sensitive data.

After all, cracking a password can be easy, but gaining access to a physical device that supplies the second code creates a major hurdle for hackers, which is what makes two-factor authentication so crucial and effective.

Will it make logging in easier?

The great thing about enabling two-factor authentication: you don’t need to reset your Clover password every 90 days. And it’s possible to enable a feature where you only need to enter a two-factor authentication code every 14 days.

How do I set it up?

1. Log into your Dashboard
2. Go to Account Settings by clicking on Set Up in the left nav bar
3. Scroll down to the Two-Factor Authentication section
4. Enable SMS Authentication by entering your mobile phone number
5. Or set up two-factor authentication by using an Authentication App
6. Encourage all your employees to set up 2FA for their Dashboard accounts as well!

For more information on setting this up via the app, SMS, and more, click here.

Two-factor authentication could mean the difference between protecting your customer and company data and shutting the whole thing down. While employing multiple security measures is always encouraged for the stronger protection, two-factor authentication remains an essential early step. This alone could prevent 80 percent of breaches, according to Symantec’s 2019 Internet Security Threat Report.

So take a minute to enable it for your Clover account, and rest assured that you’ve taken a critical step toward protecting your valuable business from hackers.

Editorial Team

Clover product news, Security

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