Boosting Insurability With Service Account Management & MFA

The surge in ransomware attacks has prompted leading underwriters to raise the bar for renewal or purchase of cyber insurance policies and Service Account Management. Insureds are now required to deploy various security measures – such as Multi-Factor Authentication (MFA), Identity and Access Management (IAM) and Privileged Access Management (PAM) policies. However, managing Service Accounts and MFA is not as easy a task as one might think. Many insureds still struggle to stop the lateral movement of ransomware threat actors through their company’s infrastructure. The Cyber Insurance Academy has gathered industry experts from all corners of the cyber insurance industry to share insights on measures that cyber insurance professionals can take to prevent this risk from turning into a claim.

The Cyber Insurance Academy was delighted to host our Industry Peers from Silverfort and Tokio Marine HCC as we dive into this topic during this month’s Fireside Chat.

Agenda: Service Account Management and MFA

• Why has MFA and Identity Security become so important for insurers?
• What are the barriers to implementation experienced by insureds?
• Actionable advice for underwriters, brokers and claims handlers when assessing their insured’s implementation of privileges management and MFA.