Cyber Insurance Now Requires Multi-Factor Authentication

Cyber insurance for those with sensitive data is already a must-have, and now to obtain or renew cyber insurance, underwriters want more protection than ever. The newest requirement includes having multi-factor authentication.

Over the last 18 to 24 months, the rate of cyber and ransomware attacks has skyrocketed in frequency and severity. The increase of remote access and VPN was already on the rise, and then the pandemic hit, sending even more people to the remote workforce. When the pandemic is over, the remote workforce will be significantly larger than before 2020, so the outlook for continued growth is there.

As we look across the industry and see the critical infrastructure attacks, the White House executive order last year on government data, privacy laws, and more, the need for cyber insurance should be on the front of all our minds.

Multi-factor authentication along with the use of a Zero Trust methodology will help to ensure that cyber insurance is available and at an affordable rate.

Also in this newsletter:

Mike Chenault Celebrates 20 Years with BrevAll

VoIP Cloud Computing System Testimonial

New Alerting Technology Protects Businesses from Cyberattacks