as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
describe the primary benefits of a multi-factor authentication system.
user
a multi-factor authentication system provides better security for sensitive data compared to traditional password-only authentication. it uses multiple methods to verify a user's identity, such as a password, a hardware token, biometric data, sms verification code, or a combination of these. this makes it more difficult for hackers to gain access to accounts, protecting user data from unauthorized access. additionally, multi-factor authentication provides greater convenience, as users can sign in more quickly and conveniently.
assistant