Looking to purchase a cyber liability policy?
Cyber insurance providers overwhelmingly mandate MFA adoption for businesses.
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
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.
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.
No, and we don't plan to
No, but we plan to
N=115 technology leaders. Powered by Pulse
No, we don't have plans to
No, we already have cyber insurance
N=222 technology leaders. Powered by Pulse
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
Learn more about MFA requirements from insurance companies.
- 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