The increasing need for online authentication means greater security concerns for organizations relying on the old standard of username and password. That's why many organizations are turning to multifactor authentication (MFA).
MFA combines multiple identity sources as a means of access. In the ideal situation, MFA combines two out of three things: Something you know, for example a PIN code, with something physical that you have, such as a key card or a token, and something you are, such as a fingerprint, a retina scan, or voice recognition. By requiring two of these three identity sources, you greatly reduce the risk of security breach.
Many companies has private information (financial, customer/patient, IP) stored internally as well as across a variety of cloud-based applications so it's essential that only the right people have access to them. Many companies are moving away from single-factor authentication due to the risk and cost associated to data being hacked.
Companies also are responsible for compliance to Government mandates that require two factor authentication in specific situations.
access to protected web-based resources and block those who are not authorized
such as role, location, time, etc. can be input to determine access control
in tandem with other authentication infrastructures
with applications and authentication types
optionally included so applications are easily found and accessed
all Federation protocols and configurations
such as biometric, for situations where username/password are too much of a bother
authentication that adds security complexity with each component