July 20, 2016 -
This is a guest post by Dr. John Callahan, Chief Technology Officer at Hoyos Labs.
The death of passwords has been heralded for over a decade now, but these reports were often greatly exaggerated. In recent years this trend has begun to change, however, as new technologies are allowing companies to change how they secure access to digital assets. From traditional usernames and passwords to two-factor authentication, outdated security practices are failing to keep data secure. Last year, 63 percent of all confirmed data breaches were a result of weak, default, or stolen credentials. According to the 2016 Verizon Data Breach Investigations Report, this placed identity as a primary cause of security breaches, highlighting the need to move beyond these solutions.
Whether it’s a lack of user adoption or actual flaws in the security infrastructure, businesses need a better option to protect access to their most important resources. In order to address this problem, many organizations are adding biometrics as a second factor to verify identity.
To further explore the prevalence of data breaches today and where passwords and two-factor authentication fall short, we’re hosting The Password Is Dead webinar on August 11, 2016, at 1:00pm EST. We will discuss how biometrics, when properly deployed through an end-to-end solution like HoyosID, can provide the missing piece for fully securing digital access.
HoyosID is an end-to-end solution that ensures a secure environment for complete protection of biometric data and communication between mobile devices and back-end servers. Built on an open standard, it is one of the most flexible solutions on the market today.
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