Retire the password at 65? Global security report foresees major risks if you don’t

The digital password, first used at MIT in 1961, is 62 years old, and according to many experts no longer serves critical security needs businesses have. The 2023 State of Passwordless Security Report, based on interviews Vanson Bourne conducted with 1,000 IT security professionals from EMEA, APAC, and US companies, indicates 88% had cyberattacks in the last year. Phishing (43%) was the most prevalent form and 28% were by push notification attacks (aka multi-factor authentication fatigue attacks — MFA bombs).

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CDPI Privacy Newsletter