Lloyd’s has decided to make access to its applications more secure by updating the Marketplace password policy and enabling multi-factor authentication (MFA).
In its announcement, Lloyd’s said: “In order to authenticate users, we will enable MFA for all Lloyd’s applications accessed in the market. [and] all Lloyd’s applications hosted by LIMOSS Single Sign On. In addition to this, we will update our password policy for all of our apps.
MFA is already enabled for Secure Share, while the measure will apply to in-market apps from November 30. Additional identity verification will be required for Marketplace Data Collection and SharePoint Online Services on December 1.
As for passwords, users of Lloyd’s applications will be asked to change them on January 18, 2023. The new password length will be at least 15 characters, compared to 12 currently.
“Please share this with your colleagues to prepare them to use MFA or update their passwords,” Lloyd’s said. “Anyone using MFA to access Lloyd’s apps will need the Microsoft Authenticator app.”
Last month, Lloyd’s had to carry out a cybersecurity investigation after detecting unusual activity on its network. No evidence of compromise was found at the time.