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Despite holding the wealth of most Americans, the number one driver for financial services to update and maintain cyber security is compliance. International, federal, and many state and local governments are adopting compliance standards that require financial institutions to implement multi-factor authentication (MFA) security protection into their systems as quickly as possible.
To comply with the New York Department of Financial Services (NYDFS) Cybersecurity Regulation, all financial institutions within scope, including third-party service providers, need to protect access to their internal networks with multi-factor authentication (MFA); adaptive authentication or risk-based authentication; and enforce policies to limit access privileges. Duo’s security platform can help protect users, devices and applications with strong authentication and access controls.
