article thumbnail

Authentication in the Finance Industry: Now and Next

Security Boulevard

The financial services industry – from retail banking to insurance – is facing challenges from multiple different channels: from competitive pressure and regulation to the evolving security landscape. The post Authentication in the Finance Industry: Now and Next appeared first on Security Boulevard.

article thumbnail

MFA Will Not Save the Insurance Industry

IT Security Guru

Everyone in the cyber insurance industry or trying to get cyber insurance today knows that using multifactor authentication (MFA) is an absolute make-or-break requirement for getting a cyber insurance policy; or if you can get a policy without MFA, you will pay a hefty increased premium for the same amount of coverage.

Insurance 110
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Checklist for Getting Cyber Insurance Coverage

Thales Cloud Protection & Licensing

Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. The necessity for cyber-insurance coverage. Tue, 05/10/2022 - 05:43.

article thumbnail

4 ways businesses can save money on cyber insurance

Malwarebytes

Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach. Fixed rate.

article thumbnail

Identity Verification vs Authentication: Key Similarities And Differences

CyberSecurity Insiders

While verification and authentication are terms that are often used interchangeably, they are in fact two separate operations. Digital verification and authentication play a critical role in preventing fraud and cyberattacks. For this reason, businesses employ secure data extraction tools and advanced machine learning technologies.

article thumbnail

CIAM in insurance: A unified, secure user experience with a single login

Thales Cloud Protection & Licensing

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Digital technologies play a key role in that process.

article thumbnail

Cyber Insurance and the Changing Global Risk Environment

Security Affairs

When security fails, cyber insurance can become crucial for ensuring continuity. When Einstein was asked what a war will look like in the future, he couldn’t have predicted the importance of digital technology for modern societies. When security fails, cyber insurance can become crucial for ensuring continuity.