For the first time in four years, Experian’s fraud report overlooks passwords in the top three most secure ways to authenticate a customer’s identity.
COSTA MESA, California – Traditional passwords have been the go-to place for online security for decades. However, it seems that consumer preferences are gradually changing.
According to Experian’s annual Global Identity & Fraud Report, consumers have had an increasing level of comfort and preference for physical and behavioral – or invisible – security methods since the pandemic.
Survey results show that for the first time in four years, passwords have not been ranked among the top three most secure methods of authenticating a customer’s identity.
Instead, more advanced and safer methods took the first three places. The most preferred methods of authentication now are:
- Physical biometrics such as face recognition and fingerprints
- PIN codes sent to mobile devices
- Behavioral analysis, passive …