As a financial institution, you likely have access to personally identifiable information (PPI) of hundreds, if not thousands, of individuals. A data breach at your company could jeopardize confidential information of your clients, and put your business at risk for costly data privacy fines and recovery expenses.
Cybersecurity tools like multi-factor authentication can add a layer of security between your company and malicious actors.
Learn how multi-factor authentication (MFA) with LoginTC can help.
Why do Financial organizations need MFA?
The financial sector experiences the second-most costly data breaches, at an average of $5.9 million USD. MFA is a critical security tool that can reduce the impact of stolen or compromised credentials causing a data breach at your company.
Financial providers are also required to meet various regulations, such as Payment Card Industry Data Security Standard (PCI DSS), and the Gramm Leach Bliley Act (GLBA). Some of the provisions within these regulations include a requirement for MFA.
Why MFA with LoginTC?
LoginTC has helped many organizations in the financial sector meet their MFA-related PCI, PII and GLBA compliance requirements. With LoginTC, you can trust that our MFA solution is robust while adapting to your business’ unique needs.
LoginTC takes compliance seriously, which is why we obtained our ISO 27001 compliance, and undergo regular audits to ensure our security practices meet the highest possible standards.
We know that many financial organizations require MFA to meet their cyber insurance requirements. That’s why we created LoginTC Assure, an MFA package exclusively for cyber insurance needs.
Take advantage of our insurance knowledge and industry partnerships to ensure you qualify for a new or renewing cyber insurance policy.
Our MFA Gap Calculator can help you determine where MFA is needed on your system. It takes ten minutes and delivers an actionable report to your inbox.
