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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?
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?