Credential theft and password abuse are both on the rise. The failure of passwords has led to enterprises moving toward password less authentication to address the issue and safeguard access to data, systems, and networks. For organizations, the need for password less authentication is more crucial. Additionally, it lessens the chaos caused by changing passwords every three months while lowering IT department expenditures because no investment is made in password managers.
It is unquestionable that password less authentication will be successful in future authentication techniques, given the current level of enthusiasm around it. Enterprises can gain a lot from password less authentication, including increased security, lower password management costs, better user experiences, and simpler IT operations. However, despite the obvious advantages of password less authentication and the already-present cyber risk caused by password authentication, some businesses still have scruples about implementing it.
An IBM report titled “2022 Cost of a Data Breach Report” states that compromised credentials are the most frequent initial attack vector. They account for 20% of all breaches and have an enormous average cost of $4.37 million. It seems sensible that businesses of all sizes are reevaluating their cybersecurity approach. Password less authentication is one of the most common solutions to this tricky, complicated issue. It is much more challenging to attempt to duplicate possessive or biometric factors than it is to attempt to figure out commonly used passwords. Additionally, cybercriminals face a far bigger uphill battle without credentials to steal.
Also Read: Three Strategies to Securing the New Cybersecurity Perimeter
For password less authentication to be successful, numerous issues must be resolved. What difficulties does putting password less authentication into practice present?
Every time a new technology is implemented, it takes work and money. The adoption of password authentication requires a step-by-step plan and employee training, just like other cyber security frameworks. Additionally, there are advantages and disadvantages to using password less authentication, whether it be hardware or software, depending on the business’s strategy. The purchase of tokens, gadgets, or cards, as well as their replacement in the event of loss or damage, can make hardware deployment expensive. On the other hand, software implementation can be less expensive, but firms should be ready for additional expenses like administration and maintenance.
There are some restrictions in terms of security, such as the concept of a single point of failure. For instance, if a worker were utilizing a hardware token or a push notification to their phone to authenticate their identity and lost the token or phone, they would not be allowed to enter. In addition, problems can occur if a hardware authenticator is lost or stolen or if a biometric factor, like voice command, was reproduced using a recording of the user.
Acceptance of the use of password-free authentication by users
Implementing password less authentication requires a lot of work in the beginning. For each login session, new authentication factors must be applied, necessitating learning new technologies, configuring new hardware, programming biometric authentication factors, and more. Password less authentication may not seem convenient to those who are used to password-based authentication.
Overall, it is difficult to establish password less authentication. Even yet, the difficulties in implementing password less authentication must be solved because it has been shown to be a successful way to reduce the rising cyber risk associated with password authentication.
Also Read: Four Roadblocks to Employing Password Less Authentication
Limitations and vulnerabilities with security
A perfect cyber security solution does not exist.
Password less authentication eliminates all problems caused by stolen credentials, but this only serves to highlight how effective it is at thwarting all current cyber risks.
Other types of cyber-attacks, such as virus attacks, man-in-the-browser attacks, and biometric feature duplication, are still risks to companies. Users may be vulnerable to cybercrime, notably identity theft and data breach, in the event that they lose devices used for password less authentication.
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