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According to Transmit Security’s State of Customer Authentication report, 55% of consumers have stopped using a website because of the login process and more than 87% have been locked out of an online account because of an error-ridden password process.
March 30, 2021
Transmit Security has released “The Impact of Passwords on Your Business,” a State of Customer Authentication report that includes customer experience insights based on its survey of 600 U.S. consumers. According to the report findings, organizations are losing potential customers and a substantial amount of revenue due to their dependency on traditional password systems and outdated customer authentication models.
As cybercriminals continue to revel in the surge of employees using weak or vulnerable methods to remotely access workplace systems, organizations are increasingly looking to boost overall security by eliminating passwords, and instead opting for passwordless authentication. Here, we talk to Shimrit Tzur-David, CTO of Secret Double Octopus, about recent developments in this technology.
In this article, we discuss how two-factor authentication has been evolved to address the shortcoming of single authentication systems. We also discuss how we can utilize a blockchain technology to transform 2FA by migrating the centralized network into a decentralized blockchain network. As more Internet-of-Things devices require authentication credentials and users increase their repository of usernames and passwords for accessing web services, the emergence of 2FA solutions based on blockchain technology is inevitable.
Every organization has hundreds of applications and databases, and its employees access them every day using their credentials (that is, their username and password). An attacker with such valid credentials can bypass existing security solutions, as they look like a legitimate user. As per the Verizon Data Breach report in 2016, more than 63% of successful breaches involved compromised credentials. Two-factor authentication (2FA) provides an added layer to the existing credential-based system protection as a solution to this drastically growing problem. As such, in this article, we will cover the following two topics: What is 2FA and Blockchain for 2FA.
Enterprises worldwide are accelerating the adoption of passwordless authentication technologies in response to the increase in cybersecurity threats in 2020, according to a new report released by HYPR, The Passwordless Company and Cybersecurity Insiders.
As organizations continue to adapt to life in the age of COVID-19, smartphones are set to take on additional responsibilities – even as the security limitations of these devices become ever more evident. Below, I’ve highlighted five key trends that are set to shape mobile security in 2021.
The need for improved security for remote workers requires more resources; however, the ongoing economic conditions often require lowering costs. A Microsoft survey found most leaders increased budgets for security and compliance (58 and 65% noting an increase), while 81% of respondents also reported pressure to lower security costs overall. IT is therefore tasked with protecting their company’s networks from the remote work-related threats while operating with leaner budgets. Doing this effectively will require multiple strategies to make sure your network is secure with the shift to remote work. Here are three examples on how broader security can be achieved.
A couple of months ago, I described in this column how security professionals could unify a divided country. I chose a mask as a symbol of that cohesiveness. But that thin piece of fabric worn around the mouth and nose can also be a gag — a barrier that distances leaders and stifles communication.
LastPass by LogMeIn released findings of a new report commissioned to better understand the current state of passwords in organizations today, and how these trends are driving passwordless authentication models moving forward.
Check Point Research unraveled an ongoing surveillance operation by Iranian entities that has been targeting Iranian expats and dissidents for years. While some individual sightings of this attack were previously reported by other researchers and journalists, the investigation allowed Check Point to connect the different campaigns and attribute them to the same attackers.
To enhance security following an increase in use of video conferencing apps, Zoom introduced two-factor authentication (2FA) for all users on its client and mobile apps.
