How Good is Your Insureds’ MFA?
Some forms of MFA are more effective than others - here's how cyber insurance professionals can assess their insured's cyber hygiene.
Multi-factor authentication (MFA) is a form of verification that allows a user to securely log into a password-protected account and has become a popular cyber insurance minimum requirement in recent years. These types of authentication can be used in tandem with an already existing password as a means of enhancing safety. MFAs simply require users to further prove their identity before gaining access to an account.
To prove which form of MFA resulted in the least amount of account takeovers, Coinbase, a leading crypto exchange platform, conducted a search by analyzing their user’s account takeovers. The study suggests that some forms of MFA are more effective than others. This article will explore how and why that is.
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