Does Multi-Factor Authentication Lower My Cyber Insurance Premium?

It can, and in many cases it affects more than just price, it can affect whether you’re eligible for coverage at all. Multiple industry sources describe multi-factor authentication (MFA) as one of the single most heavily weighted controls in cyber insurance underwriting today, since a large share of claims trace back to compromised credentials that MFA would have stopped.

Many applications now ask direct yes/no questions about MFA on email, remote access, and privileged accounts specifically because it moves the needle on risk that much. See Factors That Affect Your Cyber Insurance Premium for the full list of what underwriters weigh.