Password-related attacks increased by a staggering 450% in 2020, with over 1.48 billion records breached worldwide. Meanwhile, the average cost of a password reset exceeds $50 USD. We all know that passwords fail to deliver adequate Zero-Trust security and cause unnecessary friction for both customers and the workforce. So why have passwords not receded into the background? What are the key challenges facing enterprise passwordless agendas? And how can modern identity and access management help us realise a blueprint for a passwordless reality?
There are so many ways enterprises could benefit from using Multi-Factor Authorization (MFA). Benefits include identity theft prevention, secure devices, lower breach risks, to name just a few. But why are so many businesses still not using MFA? Perhaps because it is too complex and time-consuming for IT departments? In this panel, our security leaders will try to clear up any misconceptions there seem to be about implementing MFA in the enterprise.
The FIDO Alliance has made tremendous strides in its mission to change the nature of authentication with stronger, simpler and passwordless authentication. Join this session to get find out the state of passwordless authentication from the FIDO lens, including a sneak peak at major news that will – finally - make passwordless FIDO authentication available to the masses.