How to turn on MFA with Parmenion
Step 1.
Download the Parmenion app from your app store of choice:
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Step 2.
Open the app and log in using your Parmenion username and password.
Step 3.
There is no step 3. That’s it. MFA is now enabled on your Parmenion account.
What happens next time I log in?
Just make sure you have push notifications enabled and next time you login online, you’ll get a message on your linked device asking you to confirm that it’s you logging in.
Just click ‘Yes’ when you see this message and you’ll be logged straight in.
You'll only need to authenticate with your phone once a day.
What is MFA?
MFA stands for multi-factor authentication, which is a security method that requires users to provide two or more pieces of evidence (known as ‘factors’) to verify their identity when logging in to an online account. The factors usually take the form of something you know (i.e. your username and password) and something you have (e.g. an app on your mobile device).
For example, a user may need to enter a username and password (the first factor) and then a code sent to their phone (the second factor) to access their email account.
Why is MFA important?
MFA substantially reduces the likelihood of your, and your clients' data, being accessed by unauthorised parties. With the financial industry a leading target for cyber-attacks, without MFA you’re increasing your risk of falling victim to a breach.
According to a report by Microsoft published in 2019, MFA can block over 99.9% of account compromise attacks, and users who enable MFA are 20 times less likely to be hacked than those who don't. MFA is also a recommended best practice by the National Cyber Security Centre the Financial Conduct Authority and ICO.
