IT leaders believe that passwords are no longer capable of protecting data

Security codes, also known as passwords, are complex words that can give rise to security complications. Almost eighty-four percent of information technology leaders believe that such pass codes are inefficient when it comes to secure information. In a recent survey conducted by Ping Identity, an American-based software company, and Yubico, The survey focused on large companies based in the United States of America, Australia and Europe.

Passwords, according to IT experts, not only pose potential security risks, but they also reduce an organization's average productivity ratio. It was found that an average worker would use the password almost twelve times in a single day, while twenty-five percent of the employees would use their passcode over twenty times a day. Further research showed that on an average, almost thirty-three percent of the requests received for help are linked to passwords and logging in.

As a result, the respective leaders have noticed a 30% increase in such security incidents. If a password-less option is utilised by such companies, they can easily manage to secure almost 28 minutes of their employees' time since they won't be spending any minute using difficult pass codes to log in.

However, the IT specialists are concerned about security codes being created by the users themselves. Fifty percent of the specialists believe that self-generated codes are not strong enough, and ninety-one percent of the survey participants are afraid that their codes might get looted.

Based on the cyber threats that keep evolving, it seems that passwords are no longer enough to secure information. In order to ensure maximum protection, new ways should be explored.

When asked about new security code less methods, nearly 93 percent of information technology specialists said their companies were considering to adopt new changes, 65 percent were almost ready to accept the change, and 19 percent had plans in place.

It is expected that the passcode-free method of authentication will save organisations money. They won’t have to pay for security; less support will be required; and a more user-friendly experience will be created. Not only for employees, but even customers won't have to worry about remembering their complex passwords to log in to their respective profiles.

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