IMPLEMENTING MULTI-FACTOR AUTHENTICATION IN FINANCIAL SYSTEMS
DOI:
https://doi.org/10.34218/IJCET_16_01_240Keywords:
Authentication Factors, Financial Security Systems, Multi-Factor Authentication, Quantum-Resistant Protocols, Security MonitoringAbstract
This comprehensive technical article explores the implementation of Multi-Factor Authentication (MFA) in financial systems, focusing on advanced security mechanisms that protect digital assets and sensitive data. The article examines the evolution of authentication factors, quantum-resistant protocols, and artificial intelligence-driven security monitoring across global financial institutions. It details the transformation of traditional authentication methods by integrating behavioral analytics, machine learning, and quantum cryptography. The article provides insights into system architecture, monitoring frameworks, recovery procedures, and compliance requirements while emphasizing the importance of balancing robust security controls with user experience. The article encompasses best practices, implementation guidelines, and validation frameworks, supported by real-world deployments and security assessments from leading financial institutions worldwide.
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