The key changes in the IRDAI guidelines for cyber insurance in 2024
Extension of applicability: The guidelines are now applicable to all insurance intermediaries, including brokers, foreign reinsurance businesses, corporate agents.
Enhanced cybersecurity framework: data-centric security approach to enhance the cybersecurity framework in the Indian insurance sector
Multi-Factor Authentication (MFA): MFA will be a mandatory requirement for accessing company accounts and sensitive information, providing an extra layer of protection against unauthorized access and data breaches.
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