Optix Cyber Insurance Renewal Case Study

This case study details how Optix, a leader in the optics IT software industry, successfully renewed its cyber insurance policy by implementing Multi-Factor Authentication (MFA) protection. Faced with new requirements from their insurer due to rising ransomware attacks, Optix sought an agentless MFA solution to secure domain admin access requests. The document outlines the challenges Optix faced, including limited visibility into service accounts and the need for improved management of these accounts. After evaluating various solutions, Optix chose Silverfort, which not only met their MFA needs but also enhanced their service account management capabilities. Following the deployment of Silverfort, Optix was able to renew their cyber insurance policy and prevent a lateral movement attack by identifying abnormal behavior in service account logs. The case study emphasizes the importance of comprehensive identity protection in meeting compliance requirements and safeguarding against cyber threats.