Businesses increased their spending on multi-factor authentication (MFA) during the pandemic as more employees worked from home than ever before. This trend is likely to continue, according to a new report from Yubico and 451 Research.
To get the new report entitled “Work-from-home policies driving MFA adoption but still to be done451 Research surveyed 200 executives, IT executives, middle-level executives, senior security and risk workers in various industries and found that nearly 75 percent of corporate security and risk managers plan to increase MFA spending in the future.
There are many reasons for this, including the fact that most security breaches stem from stolen credentials and phishing attacks. Working from home guidelines are now becoming the new normal and adopting more modern authentication standards such as Fast Identity Online (FIDO) U2F. FIDO2 and WebAuthn.
MFA was the top security technology …