Multi-Factor Authentication: Managing Cyber Exposure

Ransomware attacks are on the rise, increasing in both frequency and severity over the last two years.  Due to this increase the majority of our cyber liability insurance carriers are requiring that insureds have multi-factor authentication (MFA) in place prior to providing quotes.  This is especially important for email access points.  MFA protects your company against a variety of attacks.  Carriers recommend using this to protect remote network, email access and administrative access to block intruders.  Take some time to discuss this important risk management strategy with your IT Department to better protect yourself and to ensure you are eligible for cyber insurance quotes.

Published in Blog
February 16, 2021

Ransomware

Ransomware              

 Are you concerned about your business being targeted by hackers using ransomware?  You should be, especially if you are a small business.  30% of ransomware attacks in 2020 happened to businesses with 11-100 employees.  Healthcare businesses made up 18% of businesses attacked.  Small businesses are targeted precisely because they are small and are less likely to have security checkpoints and generally have flat network structures.  The best way to protect your business is using multifactor authentication.  This risk management technique can prevent up to 98% of email compromises.  Another way to protect your business is to procure cyber liability insurance that extends coverage for ransomware attacks.  Let us help you navigate the cyber insurance marketplace.
Published in Blog