Can You Get Cyber Insurance Without MFA Implemented?

With a record $40million paid out in 2021 from one single ransomware attack, cyber insurance has become a lot more complicated than it used to be. While an application or renewal used to be straightforward, insurers are now asking for a lot more information and expect more sophisticated security measures to be in place to meet their policies’ criteria. Multi Factor Authentication (MFA) is a common requirement that cyber insurers require, and something you should make sure you implement.