Preparing for a Post-Password Internet
In the most recent Find Biometrics webinar, Peter O’Neil discusses the future of passwords and their involvement with user authentication. Joining Peter was Fido Alliance Executive Director, Brett McDowell, to discuss how companies are making the necessary changes to improve user experience without sacrificing preventative measures to combat internet fraud.
The discussion raised a number of concerns with passwords. Fido Alliance conducted studies comparing 2016 to 2017 password security; in 2016 roughly 81% of passwords were involved in a data breach, in 2017 there were 1,579 data breaches which is 45% higher than in 2016, and 1 in 14 phishing attacks were successful in 2016.
While many of us are accustomed to using passwords to access personal information, it is a problem because it is the only method that many companies offer. An audience poll conducted in the webinar showed that within the last 3 months 86% have used the “I forgot my password” function and 72% of users utilize 15+ platforms that require a password to authenticate themselves. Creating a unique password for every account, with different symbols and characters, and hope that it is strong enough to prevent the information doesn’t get to the wrong person, who can truly remember 20 different combinations at a given time? More than 80% of the participants in the FindBiometrics webinar agree it’s time for change.
Fido Alliance is recognised internationally as the leader in solving issues with user authentication and creating solutions to help users remember their login credentials. To meet the demand of consumers, a company’s security protocols must adapt. Methods like biometrics are not new, but they’ve seen explosive growth in recent years. Facial, voice, and fingerprint recognitions are all popular options because they’re easy to use and are all highly accurate. Whether using a single method or a combination, people are granted more freedom to quickly verify themselves and for companies to safeguard information from potential threats.
At ReaXium, our focus has and will always be using biometrics in developing new strategies and methods to identify, authenticate, and provide mobility for our users. A fingerprint, voice, and face is unique to a person and being able to utilize them to truly identify who they are, could not be a simpler option. To enable someone to access their information using the mentioned methods is much more convenient and safer than trying to remember a password that can easily be obtained. Is this the “death of the password”? Let us know what you think, we’d love to hear your thoughts! For more information about security with biometrics, follow us here: ReaXium.com