Multifactor Authentication: A Key Condition for Cyber Insurance

The impact and the cost of cyber-attacks are increasing, especially for SMBs, making the purchase of cyber insurance a necessity for reducing risk. Even if a business has met all other requirements, they will have a difficult time getting insurance if they haven't deployed MFA. Why MFA? According to industry research, users who enable MFA are up to 99% less likely to have an account compromised. Find out how you can expand authentication to all users and apps in order to qualify for affordable cyber insurance coverage.

Multifactor Authentication: A Key Condition for Cyber Insurance published by Thales Group

Identity and access management (IAM) solutions play a key role in preventing data breaches by securing apps and services at the access point.  IAM is the discipline that enables the right individuals to access the right resources at the right times for the right reason.

IAM solutions are composed of various sub-areas, including Identity Governance and Administration (IGA), Privileged Access Management (PAM), and Access Management (AM). IAM solutions provide a methodic framework for granting and requesting access to applications, enforcing access controls, and ensuring visibility into access events.