As security threat landscape continues to grow, legislation and regulators are mandating MFA to reduce identity theft and other forms of fraud; new report profiles 14 prominent providers
Boston, MA (Apr. 6, 2021) – While insurers have traditionally balanced security against expense and inconvenience to their users, the security threat landscape continues to grow in number and impact. In a new executive brief, Multi-Factor Authentication: Overview and Prominent Providers, research and advisory firm Novarica provides an overview of MFA, business drivers and use cases in insurance, current and planned usage among insurers, and profiles 14 prominent providers.
“Although many carriers are not currently considering MFA for all users, regulatory scrutiny and enforcement of IT security will only increase,” said Deb Zawisza, Vice President of Research and Consulting, and co-author of Novarica’s new brief. “The ability of most solutions to offer different levels of authentication for different access use cases means there is less of a tradeoff between customer experience and security.”
Click here for the table of contents or to access the report.
Report Summary
As the security threat landscape grows in number and impact, insurers should consider multi-factor authentication (MFA) approaches as part of a broader IT security strategy. This brief provides an overview of multi-factor authentication (MFA), business drivers and use cases in insurance, current and planned usage among insurers, and profiles of 14 prominent providers.
Many insurers have deployed multiple authentication methods, with the primary driver being risk management. MFA is in use both internally and externally. With many insurers forced to enable remote operations during the pandemic, and continuing regulatory pressure for increased data security, multi-factor authentication has gained renewed attention.
Providers profiled in this brief include Broadcom, CyberArk, DeepNet Security, Duo Security (part of Cisco), ForgeRock, Ilantus, Iovation (part of TransUnion), LexisNexis Risk Solutions, Okta, OneLogin, OneSpan, Ping Identity, RSA, and Thales Group.
Click here for the table of contents or to access the report.
About Novarica
Novarica helps more than 150 insurers make better decisions about technology projects and strategy. Its research covers trends, best practices, and vendors, leveraging relationships with more than 300 insurer CIO members of its Research Council. Its advisory services provide enterprise phone and email consultations on any topic for a fixed annual fee. Consulting services range from assessments and strategic roadmaps to vendor evaluations. For more information, visit www.novarica.com.
Source: Novarica
Tags: brief, cyber security, information security, LexisNexis Risk Solutions, Network Security, Novarica, RSA
