Survey from Ping identity and Yubico highlights poor password practice

Despite the uptick in conversations about the importance of a secure password, half of the country’s workforce have a memorable word written in a notepad on their desk – with an astonishing 95% storing it on an easily accessible device.

And it’s this poor practice which has 92% of UK IT decision makers concerned about passwords being stolen, according to a joint Throw Away the Key: Our Passwordless Future survey from Ping Identity, the intelligent identity solution for the enterprise, and Yubico, the leading provider of hardware authentication security keys.

 

But despite many individuals noting down their so-called secure logins, IT teams must still contend with 97 incidents of employees being locked-out of a device due to a forgotten password each month – and this figure jumps to 113 when talking about consumers needing to regain access to an account.

 

And when the password is finally restored, Ping Identity found that the word or jumble of letters will be inputted into a device 11 times a day – which amounts to nearly 39,000 times over the average working life of a Brit.  

 

Rob Otto, EMEA CTO at Ping Identity, said: “Passwords take up unnecessary time – dwindling productivity and costing money. And regardless of how strong one thinks their password is, it can always be exploited.

 

“This is why a passwordless future is key. Businesses must be willing to adopt this approach, because as soon as they do, they’ll see fewer data breaches and identity fraud cases protecting their corporate reputation while improving productivity and experience for consumers and employees alike.”

NAKIVO's latest update brings multilingual support and enhanced disaster recovery capabilities.
Discover how Precisely's latest updates integrate master data management with data governance to...
Almaviva partners with OVHcloud to enhance compliant and sovereign digital solutions across...
11:11 Systems unveils research revealing IT leaders' overconfidence amidst cyber threats, with...
Rebranding to Hammer Distribution, the company renews its commitment to distinguished service and...
Lenovo unveils GPU Advanced Services to help companies enhance workload performance and streamline...
Virgin Media O2 launches Scam School to help over-65s navigate digital risks and enhance online...
Horizon3.ai celebrated partner excellence at the EMEA Partner Conference, showcasing advancements...