Software tokens offer SMEs the benefit of security without the additional hardware cost. Like SMS OTP, they also offer the benefit of "2FA on the go" without the potential downtime risk due to network connectivity issues. Though software tokens face the risk of compromises from trojans on the mobile phone, we are seeing rapid technological advances in this area. The latest generation of software tokens are more secure. As SMEs and large corporations prepare to bolster their cyber defence postures for a challenging 2015 -- at least where cyber security is concerned -- they should consider including software tokens as part of their risk-based approach to implementing 2FA.
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