The cost of cyberattacks continues to rise, and at the same time attacks are increasingly common. It’s no wonder then that cyber liability insurance providers want to make sure their partners are taking adequate steps to protect client information. One way they seek assurance is through the use of multi factor authentication. If you’re looking for cyber liability insurance and don’t know about MFA, here’s what you need to know.
What Is MFA?
Multi factor authentication requires at least two methods of verifying identity. The traditional method of a username and password simply isn’t enough security. Those combinations are stolen and traded on the dark web every day. With MFA, even if your client has had their user name and password stolen, their account is secure. In addition to that basic information they will have to prove either:
- Possession: something he has, like providing a code sent to his cellphone, or
- Inherence: something he is, like a fingerprint or facial scan.
How Do You Enable MFA?
The good news is that MFA is easy to provide to your customers. If you use a large online sales platform like Squarespace, Shopify and BigCommerce, MFA is part of the package. If you are working on an independent website you can add MFA through options like Microsoft Azure.
Don’t let the need for multi factor authentication scare you. It’s easy to provide and keeps you covered.