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Game Changer

You need multi-factor authentication before you can get cyber insurance

Secure Your Company Today

Free Trial

Looking to purchase a cyber liability policy?

Cyber insurance providers overwhelmingly mandate MFA adoption for businesses.

Mobile phone and laptop showing WatchGuard AuthPoint screens

Why are cyber insurers requiring multi-factor authentication?

80% of data breaches involve the use of weak passwords or stolen credentials.1 Identity-focused security controls are no longer optional and insurance companies know that. Underwriters are requiring policy holders to implement MFA to reduce the risk of payouts on policies and ensure profitability.

12021 Verizon Data breach Incident Report

Illustration of a credit card with gold coins coming out of it

The cost of an attack vs. the cost of a policy

A malware attack can cost millions while the typical cost of cyber liability can range from $750-$8,000 per year.2 In a world where access is based on user identity, any additional layer of security pays off.

2Techrepublic.com

Organizations’ View on Cyber Insurance

As remote access becomes a top priority, more companies are either already paying for cyber insurance or planning to buy it.

Does your organization currently have cyber insurance?

Yes

49%

No, and we don't plan to

26%

No, but we plan to

25%

N=115 technology leaders. Powered by Pulse

Do you plan to buy cyber insurance in the next year?

Yes

42%

No, we don't have plans to

34%

No, we already have cyber insurance

24%

N=222 technology leaders. Powered by Pulse

Pulse logo

Protect these areas with MFA to qualify for cyber insurance

Email access for all employees

Admin access to network infrastructure (routers, firewalls, etc.) including internal users and service providers

Remote/VPN access for employees, contractors, and service providers

Admin access to endpoints and servers including internal users and service providers

Red video camera icon WEBINAR

Multi-Factor Authentication

Learn more about MFA requirements from insurance companies.

Smiling man using a phone to authenticate with englarged screens in front of him
  • Easy-to-use authentication
  • Remote and VPN access protection
  • Optimized productivity with web single sign-on access
  • Risk-based authentication available
  • Low cost and adaptable to business needs

Learn More about AuthPoint >

Win the Security Race with AuthPoint MFA

Start Your Free Trial

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