Passwords have long outlived their usefulness, yet they stubbornly persist as the default for authentication. 61% of consumers believe passwords are inherently insecure, while 47% find them inconvenient and frustrating. With password reuse rampant and phishing on the rise, individuals juggle over 100 passwords on average.
"We've been dependent on passwords for 60 years. That's a long time for a technology most agree has failed us," said Andrew Shikiar, Executive Director of the FIDO Alliance, an industry consortium creating standards for passwordless authentication.