Security News > 2024 > March > 5 Benefits of Passwordless Authentication

Passwordless technology is gaining traction due to the dizzying number of passwords that the average user accumulates.

Passwordless authentication is a way to verify user identities without relying on a manually entered password.

Eliminating passwords can reduce costs by saving employee time, lowering Help Desk stress and cutting the cost of security administration.

Going passwordless by using approaches such as authenticators saves users from having to remember passwords or from compromising their security through memory workarounds.

Biometric authentication uses a person's physical traits to verify their identity without the need to enter a password.

A study by the FIDO Alliance found that financial firm Intuit experienced authentication success rates of 95% to 97% via passwordless methods compared to 80% for password and MFA-based logins, as well as a 70% boost in sign-in speed.

News URL

https://www.techrepublic.com/article/passwordless-authentication-benefits/