Cybersecurity Insiders Report: Adoption of Passwordless Security Takes Off Amid COVID-19>
Cision PR Web
NEW YORK, Jan. 19, 2021 /PRNewswire/ — Enterprises worldwide are accelerating the adoption of passwordless authentication technologies in response to the increase in cyber security threats in 2020, according to a new report released by HYPR, The Passwordless Company® and Cybersecurity Insiders.

90% of survey respondents experienced phishing attacks against their organizations in 2020, 29% of those experienced credential stuffing â revealing the impact of remote working and the overall increase in attacks on legacy and password-based multi-factor authentication (MFA). 91% say preventing credentials-based attacks is the primary reason for MFA, 64% cite improving user experience, 21% believe it’s essential to their digital transformation journey, and 14% attribute MFA to increased cost savings. In terms of defense, close to all of the respondents reported a need to establish a passwordless security strategy.

Adoption of passwordless MFA remains steady with 36% using smartphones as FIDO tokens, 17% are using hardware security keys such as Yubico Yubikey or Google Titan, etc, and 17% are leveraging built in authenticators such as Windows Hello. However, 48% of respondents say their organization still lacks a passwordless solution.

Over 90% consider it essential or somewhat important to eliminate shared secrets for authentication 22% are “unsure,” suggesting more education is required to define the benefits of passwordless MFA Organizations must prioritize ease of use and speed to ensure a superior “passwordless user experience,” yet 67% of respondents say their organization lacks the right skills and teams to ensure seamless adoption
Link: https://www.prnewswire.com/news-releases/cybersecurity-insiders-report-adoption-of-passwordless-security-takes-off-amid-covid-19-301210499.html