Wmicrosoft and facebookhy are major companies investing so heavily in Cybersecurity?  Mike and Amy discuss the new plans Microsoft and Facebook have made in this segment of the BLIT. Learn more about what your business should be doing regarding two-factor authentication and security in the Cloud.

The number of attempted cyber attacks was 20,000 a week two or three years ago, that figure has now risen to 600,000-700,000, according to Microsoft data. This number continues to rise at an alarming rate and hackers do not appear to be going anywhere. This proves the need for advanced measures to help fight these hackers.

Microsoft has recently announced they will continue to invest over $1 billion a year on cyber security. Most of this investment will be protecting their flagship cloud product, Azure. Microsoft knows that as more and more people turn to cloud, the spending to protect those users must go up. Azure which businesses can use to host their websites, apps or data, has seen record growth. In October, Azure quarterly sales rose 116 percent.

Facebook is giving users a new way to protect their account and keep it secure. They announced they will allow a new form of two-factor authorization in the form of a dongle, a physical key, in addition to passwords. Two-factor authentication provides an additional layer of security and makes it harder for attackers to gain access to a person’s devices and online accounts because knowing the victim’s password alone is not enough to pass the authentication check.  Two-factor authentication has long been used to control access to sensitive systems and data, and online services are increasingly introducing 2FA to prevent their users’ data from being accessed by hackers who have stolen a password database or used phishing campaigns to obtain users’ passwords.

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