Why Canadian cyber insurance companies are requiring businesses to use multi-factor authentication
Alyssa DiSabatino reports:
Canadian cyber insurance companies are now requiring businesses to offer multi-factor authentication (MFA) and have cybercrime/data breach response plans in place before qualifying for coverage.
Prudent, since cybercrimes and ransomware attacks are on the rise – Canadians have lost $4.9 billion to ransomware attacks in the last year.
Read more at Canadian Underwriter.