The spotlight is on
passwordless
authentication.

While MFA adds an extra layer of
security by introducing another
element to passwords, it's not
impervious to hacking. This is where
passwordless authentication can
step in.
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Passwords are not entirely effective
in preventing unauthorized access
due to hacking methods and user
behavior.
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Verizon's report shows 50M daily
password attacks, with 60% of data
breaches from compromised
credentials.
Employee behaviors, such as
password sharing and reuse, also
contribute to security risks.

Why MFA Isn’t Foolproof?
MFA has limitations - verifications
can be intercepted and phone
companies can be fooled.
Hackers also continue to try to
log in, hoping to trick victims.
Uber experienced a MFA bombing
attack in September 2022.
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How Passwordless
Authentication is Different?
Passwordless authentication replaces
passwords with methods like facial or
fingerprint scans or USB keys, making
it resistant to phishing. Some vendors
falsely claim to offer passwordless
authentication, while still using
vulnerable one-time passwords or
magic links. However, true
passwordless authentication is safer
and over half of organizations have
transitioned to it, resulting in reduced
risk and increased efficiency per
Enterprise Strategy Group.
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The FIDO Era
Two methods of passwordless
authentication exist. The first replaces
passwords with voiceprints, fingerprints,
facial scans, or PINs in the traditional MFA
approach, providing more protection
against phishing. The second method uses
FIDO2's public key cryptography, where a
private key pairs with a company-held
public key. This is considered the strongest
authentication method and can prevent
push bomb attacks. FIDO keys are stored
in hardware vaults in smartphones or
laptops, or in hardware security keys like
those from Yubico.
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Considerations Before You Adopt
Passwordless Authentication
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Choose a system based on your
specific security needs. Highly
regulated industries may prefer a
FIDO-focused system. Make sure the
authentication system integrates
with existing identity and access
management systems, and supports
legacy applications. FIDO2-based
authentication is gaining popularity,
with major tech companies
announcing expanded support for it
last year.

What’s Ahead for
Authentication
Organizations need to adopt
identity-proofing that validates a
person's identity using facial
scans and government-issued
documents. Using a corporate
email for authentication is
insufficient, and verified identity
proofing with APIs to
government-issued credentials
is the next level of security.
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