Infographic
Crunching Numbers To Solve The Passwordless Equation
Ping Identity’s infographic highlights the inefficiency and risk of password-based authentication, noting that 80% of breaches involve stolen credentials and 94% of IT leaders have serious concerns about password security. Employees waste up to 11 hours annually resetting passwords, costing enterprises up to $1 million a year. Despite 91% recognizing passwordless as a business priority, 97% expect challenges adopting it due to limited expertise. Yet 100% of IT leaders acknowledge its benefits, including reduced support costs and stronger security. Biometrics, PINs, and security keys are the top methods driving the shift toward a safer, passwordless future.
