MFA Requirement
Key Takeaway
A cybersecurity control requiring users to provide two or more verification factors to access systems or data. Multi-factor authentication has become a baseline underwriting requirement for cyber liability insurance.
Definition
A cybersecurity control requiring users to provide two or more verification factors to access systems or data. Multi-factor authentication has become a baseline underwriting requirement for cyber liability insurance. Most carriers now mandate MFA for email access, remote network access, and privileged accounts as a condition of coverage.
Why This Matters for Law Firms
Underwriting terms determine what you pay for coverage and what terms you receive. Law firms that understand the underwriting process can present their risk profile more effectively, negotiate better terms, and avoid surprises at renewal. This knowledge is particularly valuable when shopping for new coverage or responding to carrier questions.
Example Usage in Context
A firm preparing for its annual insurance renewal might encounter this in the carrier's proposal: "The underwriter has adjusted our mfa requirement based on our claims history. Let's discuss with our broker whether we can improve this at our next renewal."
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