Don’t Bet on Passwords: Using MFA to Make Insuring Your Security Less of a Gamble
By this point, we’re all familiar with the list of requirements for a strong password: unique, long, memorable, free from any personal information… But even the strongest passwords can pose a risk if they’re the only thing standing between your users and enterprise content. After all, remembering hundreds of passwords that are 20+ characters long can be daunting. A password manager can go a long way in helping to simplify that process, but multi-factor authentication (MFA) security can help even more.
Tune into our upcoming webinar, “Don’t Bet on Passwords, Use MFA to Insure Your Protection,” to hear from Wolfgang Goerlich, an advisory CISO at Cisco Secure Access by Duo, an Matt Brooks, a Duo Product Marketing specialist. Our experts will discuss the risks posed by passwords, what cyber insurers require to protect organizations, and how MFA can meet both of those needs.
Hedging your bets with cyber insurance
Did you know that global cybercrime costs are expected to grow 15% year over year, eventually reaching $10.5 trillion USD annually by 2025? Any cyber breaches can cause significant damage to your business in the form of:
Sensitive Data Loss
Cyber insurance is a popular way for organizations to mitigate this risk, but oftentimes insurers will require organizations to implement specific cybersecurity solutions, like MFA.
Using MFA to make insuring your organization a safe bet
In layman’s terms, multi-factor authentication is the practice of using two or more factors to verify the identity of users logging on. These factors may include:
Something you know
Something you have
Something you are
The implementation of additional authentication factors helps lessen the risk of bad actors gaining access to enterprise environments, which is why many cyber insurers require it before issuing policies.
Using Duo for MFA
For years, Duo has been a cornerstone for MFA in the cybersecurity industry. With a variety of MFA methods to fit your environment, Duo makes it easy to roll out secure authentication and meet the requirements of insurers. Duo supports leading authentication methods, including:
OTP hardware tokens
It’s time to stop betting on passwords
Register of our upcoming webinar to learn more about cashing in on cyber liability insurance using MFA.
Or, if you’d like to experience Duo MFA for yourself, sign up for our free 30-day trial.