Security experts are more and more often talking about the problems with static passwords and highlighting the benefits of other security measures such as physical and passive biometrics. To discover what’s behind these new security technologies and find a reliable processor to avoid fraud, just read the article below.
Biometrics Instead of Passwords
In this day and age, mobile and cloud computing are everything. Passwords, authentication, multi-factor authentication… This is the synchronous connection between users and online financial institutions, social media sites, 3rd party applications.
Since 2016, over 5 billion passwords have been stolen. In 2018, the vast majority of companies faced the problem of password policy violation. This made companies start seriously thinking about zero-password access to services, as a recent report on passwordless authentication reveals.
Even the more advanced login security technology means such as 2FA, phone-as-a-token MFA, and SMS 2FA aren’t fully deprived of weaknesses. That’s the reason why the majority of companies have decided to start using new authentication solutions, as research firm Enterprise Management Associates (EMA) reports.
Going passwordless with biometric unlocks is a step forward in the field. Unlocking your phone with your fingerprint or FaceID, which is also true of Windows 10, can help you enjoy increased security and better privacy protection.
Thanks to modern authentication technologies, both consumers and businesses can enjoy new, more reliable security measures. These solutions can become part of everyday workflow seamlessly. To take advantage of the latest developments, such as biometrics, in the modern payments space, it’s critical to work with a true payment expert like eMerchantBroker.com.
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Benefits of Going Passwordless
Password insecurity is a much bigger problem than you might think. The truth is that there’s nothing weaker than passwords in the authentication process.
It’s interesting to take a look at what the researchers with SailPoint Technologies, an identity governance vendor, have revealed during their 2018 Market Pulse Survey. So:
- 75% of users having participated in the survey were still using the same passwords for different accounts. In 2014, the number was 56%.
- 47% of respondents were using the same passwords for both personal and work accounts.
- 23% of them were almost always using the same passwords for work accounts, and 67% for personal accounts.
Google has recently announced that it’s moving from passwords to fingerprints or other authentication methods on its own services. The feature is designed to be used on Pixel devices first and then for devices running Android 7 Nougat or higher.
Before Google, in 2016, Microsoft introduced how Windows Hello could help implement authentication on websites. Apple isn’t an exception: the company is reducing password usage with the help of “Sign in with Apple.”
Specifically, passwordless authentication can help:
- Enjoy a higher level of security by mitigating the risk of phishing and password spray and going for a passwordless multi-factor authentication (MFA) solution
- Increase convenience by enabling users to sing in and get access to their data from anywhere more easily and conveniently
- Manage at scale by using an identity and access management solution that allows for single sign-in, managing MFA options, and enabling all users to enjoy conditional access policies.
To sum up, the number of companies planning to opt for passwordless solutions is growing. This is how they can ensure their clients can stop worrying about their data. This is the way to add to the security of companies’ own infrastructures. That’s the reason why biometrics-focused authentication is becoming more popular for improved user experience and security.
Here, the importance of informing end users about the advantages and downsides of the currently used security technologies is too important. This will help them have a better idea on the basic issues stemming from passwords, thus helping them make better decisions and support secure processes.