Acceleration Business Transformation with Effortless Authentication

Provided by Entrust Datacard

Category Security

Type White Paper

Length 5

Publish Date March 09 2017

Date posted May 02 2017


Password and breach statistics increasingly show up across both general and trade media. 59% of the population admits to sharing their passwords. Security professionals attribute more than 63% of confirmed breaches to weak, default or stolen passwords. Analysts say more than 80% of all confirmed breaches involve privileged credentials. And the average cost of a data breach totals more than $3.8M.

Almost every story reporting statistics like these concludes with “the password is dead.” While many are clinging on to passwords for their familiarity, the world clearly must move on from passwords in the battle to protect data – or at least attempt to phase them out. Multi-factor authentication (MFA) solutions are rapidly replacing usernames and passwords by requiring authorized users to provide two or more pieces of evidence that confirm their identity. This evidence is typically comprised of something they know, something they have and something they are.

As digital business evolves, however, we’re finding that the best form of security and enablement will likely remove any real responsibility from users. They will not be required to carry tokens, recall passwords or execute on any security routines. Leveraging machine learning, artificial intelligence, device identity and other technologies will make security stronger, yet far more transparent. From a security standpoint, this will lead to better outcomes for enterprises in terms of breach prevention and data protection. Just as important, however, it will enable authorized users in new ways. They will be able to access the networks, data and collaboration tools they need without friction, saving time and frustration. More time drives increased employee productivity and frictionless access to critical data leads to business agility. Leveraging cloud, mobile and Internet of Things (IoT) infrastructures, enterprises will be able to transform key metrics such as productivity, profitability and market share to build the digital businesses they envision.

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