Breached organizations turning to biometric authentication, Veridium survey shows
More than four out of five IT decision makers believe biometric authentication makes their organization’s data more secure than passwords alone, according to new research from Veridium.
Among respondents who reported that their organization had experienced a data breach, 63 percent are implementing or planning to implement biometric authentication to prevent a repeat. More than half of those surveyed have experienced a breach in the past five years.
The survey of U.S. IT decision-makers also showed the upcoming GDPR deadline is having an impact on the approach of 89 percent of organizations to securing EU citizens data.
Only 34 percent of those surveyed are confidant in the security provided by passwords alone, yet 99 percent use them. The lack of confidence is likely well-founded, particularly considering 83 percent say employees bypass company password policy, by doing things like storing passwords within a browser or password manager, using similar passwords to other accounts, or writing down passwords.
For both organizations and consumers, 86 percent of respondents say biometrics are the most secure authentication method, and the main reasons for using biometrics include security according to 63 percent, increased workforce productivity according to 54 percent, and better accessibility according to 50 percent. Fingerprints are considered the most secure modality by 45 percent, compared to iris (28 percent) and face (21 percent).
Veridium was recently chosen by Swedish bank Nordea to replace employee authentication tokens with biometrics.