FB pixel

Biometric authentication use in US businesses tripled over 3 years to tackle cyber threats

Thales survey shows firms’ confidence in remote work’s security tools
Biometric authentication use in US businesses tripled over 3 years to tackle cyber threats
 

The use of biometric authentication in U.S. businesses has almost tripled from 27 percent in 2019 to 79 percent in 2022, suggests a new report by software expert GetApp.

The substantial increase comes amid a surge of cyber threats, with the same report suggesting ransomware attacks have nearly doubled in the forecast period, alongside the percentage of employees clicking on phishing links, which went up 88 percent.

To tackle these threats, companies are investing substantially in two-factor authentication (2FA) or multi-factor authentication (MFA). In fact, the new data shows that the majority (92 percent) of businesses in the U.S. this year used 2FA for at least some of their business applications. However, not all of these solutions are effective defensive tools.

In fact, according to the GetApp report, criminals are getting more creative in their phishing techniques, managing to evade various 2FA measures that rely on SMS or smartphone prompts to accept authorization requests.

Instead, GetApp says companies should consider deploying hardware keys (e.g., those from Yubico) or biometric authentication as a second factor, which is deemed substantially safer in defending against phishing and other cyber threats.

The new figures by GetApp also showcase increased attacks against the healthcare industry, particularly ransomware. Additionally, the report suggests that several healthcare providers have opened themselves up to attack by adding new connected devices to remotely collect biometric patient data without proper security protections in place.

Case in point, the GetApp 2022 Healthcare Security Survey found that 57 percent of practices use remote patient monitoring tools or wearables to collect patient biometric data, but only 41 percent had a cybersecurity incident response plan in place in the event of an attack.

The data comes months after a separate report by Transparency Market Research suggested the global healthcare market for biometrics will reach a value of $74.08 billion by 2028.

Thales’ survey shows industry’s confidence in remote work security

Despite these growing threats, however, 84 percent of IT professionals said in a recent Thales survey they had some degree of confidence in their user access security systems to enable remote work securely and easily, up from 56 percent in 2021.

The same report also suggested  only 31 percent of IT professionals surveyed reported having ‘very high’ concerns about the security risks and threats of remote work in 2022, down from 39 percent in 2021. Those who said they were ‘somewhat concerned,’ on the other hand, increased from 43 percent to 48 percent in 2022.

“The past few years have cemented remote work and work-from-anywhere as a permanent part of the security landscape, and they have also introduced new security risks and challenges,” comments Francois Lasnier, Thales vice president of access management solutions.

“However, growing familiarity with remote work has ultimately broadened awareness on an enterprise level of daily business security risks and has strengthened both confidence and ability in security teams and products to handle those risks and threats properly.”

The Thales report also seems to confirm the GetApp trends in regard to MFA, with adoption of these solutions for internal and non-IT staff witnessing an increase to 40 percent compared to 34 percent in 2021.

The document’s publication comes weeks after Thales appointed Emily Tan as chief executive for Singapore.

Related Posts

Article Topics

 |   |   |   |   |   |   | 

Latest Biometrics News

 

UK school reprimanded by ICO for using facial recognition without DPIA

A school in Chelmsford, Essex, has been reprimanded by the Information Commissioner’s Office (ICO) for the unlawful implementation of facial…

 

Tech5 introduces flexible biometric template protection for its ABIS

Tech5 has developed biometric template protection technology that it says meets the criteria set out in the ISO/IEC 30136 standard….

 

Maza streamlines KYC with Regula biometric and document verification

Regula has integrated its document and biometric verification system into Maza Financial, a fintech company based in the United States,…

 

More ballparks to get biometric entry through MLB’s Go-Ahead Entry

Major League Baseball continues to grow its facial recognition entry program with biometrics from NEC. An article in Sports Business…

 

Inrupt enters growing digital wallet market with pitch from WWW inventor

Inrupt has launched a digital wallet, which comes with a notable endorsement from an internet pioneer. A press release says…

 

OIX calls on new UK government to accelerate digital ID rollout

The UK should work toward a digital wallet strategy, provide clarity on how ID will work across the public and…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events