Today is World Password Day. But while passwords play a vital role in everything done today, more and more devices and platforms are moving towards a passwordless ecosystem. The reason is simple, passwords are not as secure as they used to be.
In recent years, organizations around the world have experienced numerous data breaches just because the password was easy to hack. In most cases, an employee uses the same password for multiple access to both personal and company-provided devices or platforms.
In fact, over 40 million Microsoft users were found to have reused passwords — meaning if they were lost in an attack, cybercriminals exposed all accounts at once. It is also estimated that over 23 million account holders are still using “123456” and 57% of those targeted by phishing scams do not change their credentials.
While multi-factor authentication is an additional security measure for passwords,…