Security News > 2023 > April > The high cost of insecure authentication methods

Insecure authentication is a primary cause of cyber breaches, and that cumbersome login methods take an unacceptable toll on employees and business productivity, according to HYPR. Respondents indicate that a passwordless approach would increase productivity, improve user experience, strengthen security and accelerate adoption of multi-factor authentication.

Despite these tremendous costs, an astounding 58% of organizations said they kept the same insecure authentication methods after facing a breach.

Three of the top four attack vectors are connected to authentication, highlighting the importance of secure authentication methods.

58% of organizations continue to use insecure authentication methods after experiencing a breach.

The average employee navigates four different authentication methods daily and 81% of respondents reported being blocked from work-critical information due to forgotten passwords.

28% of organizations were hit by push notification attacks, with the financial services and energy sectors experiencing a higher rate of such attacks, and 86% of IT/IS security decision makers believe that passwordless authentication is essential for both security and user satisfaction.

News URL

https://www.helpnetsecurity.com/2023/04/05/high-cost-insecure-authentication-methods/