[April 17, 2018] |
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Research Shows Organizations Turning to Biometrics for a More Secure and Trusted Path to Authentication
Veridium,
a leader in strong authentication solutions using biometrics instead of
passwords and tokens, today released results of a new research study
revealing that U.S. organizations are utilizing biometric authentication
technology to prepare against the latest threats, as 63 percent of
respondents whose organizations have experienced a data breach are
implementing or planning to implement biometric authentication to
prevent another one.
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Research shows organizations turning to biometrics for a more secure and trusted path to authentication. (Graphic: Business Wire)
The research, based on survey results from 200 U.S. senior IT decision
makers, outlines how there is a lack of confidence of passwords alone to
secure data sufficiently while highlighting how organizations are moving
towards biometrics to better safeguard their most critical assets. Per
the research, 81 percent of IT decision makers reported that they think
biometric authentication secures their organizations' data better than
passwords alone. By examining the challenges and trends of
authentication methods across industries, the research uncovers
adjustments that IT leaders need to make to better protect their data.
Key findings from the survey include:
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The Prevalence of Data Breaches: Insights from the survey
reinforce that organizations continue to be a target for threat
vectors, with more than half (53%) of senior IT decision makers report
that their organizations have experienced a data breach within the
last five years.
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GDPR's Impact on Security Strategy: Upcoming regulations are
cited to be a op consideration for U.S. IT decision makers as it
relates to their security strategy, as 89 percent of respondents
reported that the General Data Protection Regulation (GDPR) deadline
is impacting their organizations' approach to managing and securing EU
citizens' data.
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Lack of Confidence in Passwords: While 99 percent of IT
decision makers reported that they are currently using passwords in
their organizations, only 34 percent of respondents are very confident
that passwords alone can protect data sufficiently.
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Employee Habits Pose Risk: Additionally, 83 percent of
respondents reported that their employees use techniques to "bypass"
password policy, the top ways include: storing passwords within a web
browser or password manager (53%), reusing same characters, but add,
change or adjust a number (50%) and writing down passwords (41%).
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Harnessing the Power of Biometrics: The overwhelming majority
of respondents agree that biometrics is the most secure authentication
method for both organizations (86%) and consumers (86%) to use.
Respondents believe the main reasons for using biometric
authentication include overall better security (63%), increased
workforce productivity (54%) and better accessibility (50%).
"Across industries, organizations that have experienced a security
breach now outnumber those that haven't as attackers have identified and
exploited their security weaknesses," said James Stickland, CEO,
Veridium. "As the research has demonstrated, IT decision makers are
recognizing that reliance on passwords alone is leaving them exposed to
threats. Today, they are rethinking their authentication strategies and
implementing biometrics to better secure their employees' and customers'
most sensitive data."
To learn more about the study and how your organization can optimize
security within its organization, please
visit here.
*This research was conducted in April 2018 using Vanson Bourne, with
responses from 200 U.S. senior IT decision makers who work in
organizations with more than 500 employees.
Additional Resources
About Veridium Veridium is a leader in the development of
strong authentication solutions using biometrics instead of traditional
passwords, PINs, and tokens. Powered by an unmatched legacy of IP and
R&D, our software increases security, improves convenience, and reduces
fraud at a lower total cost of ownership than traditional multi-factor
authentication (MFA (News - Alert)) solutions. Veridium has offices in the U.S., U.K.,
and Romania. For additional information, please visit www.veridiumID.com.
About Vanson Bourne: Vanson Bourne is an independent
specialist in market research for the technology sector. Our reputation
for robust and credible research-based analysis is founded upon rigorous
research principles and our ability to seek the opinions of senior
decision makers across technical and business functions, in all business
sectors and all major markets. For more information, visit www.vansonbourne.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180417005984/en/
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