What is Multi-Factor Authentication (MFA) | Insurance glossary by upcover

MFA significantly reduces the risk of account takeover by combining something the user knows (password), has (token or device), or is (biometrics). Cyber insurers increasingly require MFA as part of baseline cyber hygiene for key systems and privileged accounts. Absence or inadequate implementation of MFA may be treated as failure of reasonable care, potentially affecting claims for unauthorised access or credential-based breaches.

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Related Term

Service Provider

Risk Transfer

System Failure

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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