In the past few years, the cyber threat environment has grown hostile. As organizations face a surge in cyberattacks, more data breaches due to weak or insecure passwords have surfaced. Passwords have quickly become one of the most significant vulnerabilities for an organization. A 2020 Verizon data breach investigation reveals 81% of the total data breaches labeled lost or stolen passwords as the cause. It has, therefore, become ever more crucial to enable robust password security. However, the ultimate method for attaining such robust security is still somewhat unknown.
Previously multi-factor authentication was the ultimate method of ensuring robust password security. However, over the years, the term has become somewhat of a buzzword used by cybersecurity professionals, particularly as this method has started failing. The sophistication within the cyber threat landscape now demands a much more effective form of enabling data privacy and security.
