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.

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