New research suggests a passwordless future, but adoption is
still in its infancy
DENVER, June 14,
2022 /PRNewswire/ -- Ping Identity (NYSE: PING), the
intelligent identity solution for the enterprise, and Yubico, the
leading provider of hardware authentication security keys, surveyed
IT leaders across the globe to determine their appetite for
passwordless solutions. Overwhelmingly, the desire was clear to
adopt more secure and convenient methods of passwordless
authentication. They cited gains in security, productivity, and
customer experience as key drivers.
"Passwords are not only frustrating but easily exploited via
remote bad actors," said Andre
Durand, CEO and founder of Ping Identity. "A
passwordless future not only removes a usability headache for
end-users, but makes identity and account take over and fraud far
more difficult for remote actors. It's reassuring to see IT leaders
across the globe aligned on a future where passwords are replaced
by simple, easy, and more secure authentication."
Read the full Ping Identity
Survey: Our Passwordless Future: a New Era of Security
Key Global Findings:
Passwords present serious security
concerns:
- 94% of IT leaders have serious concerns about user-generated
passwords.
- 91% are very or somewhat worried about passwords at their
organization being stolen.
- 50% are concerned that passwords are too weak for security
purposes.
Passwords are a drain on
productivity:
- 67% are concerned with the helpdesk costs associated with
passwords.
- 33% of helpdesk tickets are related to passwords, and in the
past year, IT leaders have seen a 30% increase in password-related
incidents.
- Leaders estimate employees must enter passwords an average of
12 times a day.
IT leaders face challenges and
resistance to passwordless adoption:
- 97% of those who haven't adopted passwordless authentication
believe they will face challenges in doing so.
- 91% agree that password security is a cultural issue for which
business leaders – not users – must take responsibility.
- 33% of those who haven't adopted passwordless authentication
say a lack of expertise is a barrier to adopting passwordless
authentication.
Unlocking the benefits of a
passwordless future
- 100% recognize the benefits of passwordless authentication,
including reduced security costs (52%), enhanced security (52%),
and less support needed (48%).
- 96% say passwordless authentication would create an easier user
experience (UX) for employees; 95% of those with a customer login
portal say it would create an easier UX for customers.
- 93% report their organization is likely to adopt passwordless
authentication.
- Among organizations that adopted or plan to use passwordless
authentication, the top forms are biometrics (67%), PIN (48%) and
physical security keys (38%).
"With the vast majority of all cyberattacks starting with stolen
passwords or other weak login credentials, Yubico is working
towards a phishing-resistant and passwordless future," said
Stina Ehrensvard, CEO and co-founder
of Yubico. "The need for adopting modern authentication is
highlighted on a daily basis with examples like the White House's
cybersecurity executive order and Russia's invasion of Ukraine. Surveys like this demonstrate
the mindset of industry leaders and the important journey towards
simple and strong passwordless authentication."
Ping Identity and Yubico surveyed 600 IT leaders and
decision-makers from large organizations (10,000+ employees) across
the U.S., Europe, and Australia to better understand their key
security concerns, at a time when password-related incidents are
rising and billions of passwords have been exposed from data
breaches. The findings underscore the dire limitations and risks of
passwords and the burden they place on users and the help desk.
About Ping Identity
At Ping Identity, we believe in making digital experiences both
secure and seamless for all users, without compromise. That's
digital freedom. We let enterprises combine our best-in-class
identity solutions with third-party services they already use to
remove passwords, prevent fraud, support Zero Trust, or anything in
between. This can be accomplished through a simple drag-and-drop
canvas. That's why more than half of the Fortune 100 choose Ping
Identity to protect digital interactions from their users while
making experiences frictionless. Learn more
at www.pingidentity.com.
About Yubico
Yubico, the inventor of the YubiKey, makes secure login easy and
available for everyone. Since the company was founded in 2007, it
has been a leader in setting global standards for secure access to
computers, mobile devices, servers, browsers, and internet
accounts. Yubico is a creator and core contributor to the FIDO2,
WebAuthn, and FIDO Universal 2nd Factor (U2F) open authentication
standards, and is a pioneer in delivering modern, hardware-based
authentication security at scale. YubiKeys are the gold standard
for phishing-resistant multi-factor authentication (MFA), enabling
a single device to work across hundreds of consumer and enterprise
applications and services. Yubico's technology enables secure
authentication, encryption, and code signing and is used and loved
by many of the world's largest organizations and millions of
customers in more than 160 countries. Aligned with its mission of
making the internet more secure for everyone, Yubico donates
YubiKeys to organizations helping at-risk individuals through the
philanthropic initiative, Secure it Forward. Yubico is privately
held, with presence around the globe and offices in Palo Alto, San
Francisco, Seattle area,
and Stockholm. For more
information, please visit: www.yubico.com.
Ping Identity Media Relations
Megan Johnson
press@pingidentity.com
757.635.2807
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SOURCE Ping Identity Corp.