Blog: Helping clients adopt MFA as a critical layer of cybersecurity
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Davis Kessler, of Travelers Europe, explains why multi factor identification is a key weapon for businesses and brokers as they seek to prevent cyber attacks
Multifactor authentication (MFA) typically blocks more than 99% of the attacks by cyber criminals attempting to compromise a company’s systems. Considering nearly one-third of businesses in the UK experience cyberattacks or breaches at least once a week, MFA is being put to the test – successfully – with increasing regularity. Brokers have seen the reverse of this trend in insurance claims.
As the industry saw a spike in claim activity toward the end of 2020, a clear correlation emerged between
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