Should We Prepare for the Death of the Password?
Since the earliest days of computing, organizations and individuals have relied on passwords to protect systems and crucial data. Unfortunately, in an era of connected networks and devices—and with growing concerns and consternation about security and privacy—user names and passwords are facing a growing backlash. Data breaches, breakdowns and full-scale cyber-meltdowns are on the rise, and passwords are often the root cause. A recent study conducted by identity management platform provider Gigya, "Death of the Password," offers insight into how enterprises are coping with growing challenges, and how authentication technology and systems are evolving to better meet the needs of businesses and individuals. Not only are consumers clamoring for more advanced authentication methods, they're increasingly opting to abandon the creation of accounts when the process is too complex. "Within the next 10 years, traditional passwords will be dead as an authentication form," predicted Patrick Slayer, CEO of Gigya. Here are some of the highlights from the study of 4,000 consumers (ranging from Millennials to Baby Boomers) in the United States and the United Kingdom.