We are living in amazing times. The old security paradigms no longer fly. We need to transform our approach to security. The only people in the world who love passwords are hackers. Passwords are hard for us to remember & easy for hackers to guess. We really need to do more to protect our websites. The first thing everybody should do is turn on Multi-Factor Authentication. That will cut your exposure by 99.99%. That being said, MFA is not the most user-friendly approach. As always there is another stage technology must advance to. We are shifting from a world where usernames & passwords are the standard to a world where Passwordless Authentication is the standard. Welcome to the future of sign-in.
The figures are in…Everyone hates passwords.
– There has been a 279% increase in security incidents at enterprises since 2016.
– 81% of hacking-related breaches leveraged either stolen and/or weak passwords
– 20% of support costs for enterprise IT departments are about forgotten passwords.
The Passwordless revolution will allow you to get into applications & services faster, achieve a higher level of security & reduce IT support costs.
Think of your iPhone, you probably use face or fingerprint recognition. You might even use a PC that has face recognition technology. If you don’t use that kind of PC, you can use the Microsoft Authenticator App.
It allows you to log into your PC via your mobile. It isn’t going to stop there, it’s just getting started. A whole bunch of new solutions are on the way based on a new set of open standards called the FIDO2 set of standards. FIDO Stands for Fast Identity Online. You’re welcome. (Things like fingerprint usb keys, badges & wearable tech are coming).
In order to help everyone be more secure, more productive in a world without boundaries we must collaborate across our industry with security experts across the world. Passwordless Authentication is really taking off. Last month alone Microsoft estimated that 85 million people logged in using Windows Hello or Microsoft Authenticator to access all Microsoft Cloud Services. That’s really the growing trend for the future & its growing really fast.
It’s essential for all companies to protect both the privacy & security of its end users.
We are always asking ourselves how we can help you to keep them safer.
If you’re looking for more ways to learn about the case for strong authentication, what your journey to passwordless will look like, Click here to enjoy a webinar from Microsoft Security Team’s Amay Sankhe & Shawn.