Passwordless Authentication

Password Security Risks

Every weak password introduces risk into the company.

• 80% of breaches are the result of weak, reused or compromised passwords.¹
• Password sharing and reuse remains a common practice in most businesses, with employees reusing one password an average of 13 times.²
• Employees at small businesses have an average of 85 passwords to manage.²

From manual password resets to locked accounts, passwords cause frustration and increased IT costs.

• 4 hours per week are spent on password management-related issues alone, including 96 password-related requests per month.⁴
• The average employee actively uses 36 cloud services at work.³
• 34% experience lost or stolen password credentials monthly.²

Enter passwordless authentication

• Passwordless authentication removes the password from the employee's login experience – a more streamlined and secure way for users to log into all their work.
• This doesn't mean passwords are going away, it means the password is working behind the scenes and employees never need to type them.
• Passwordless authentication REDUCES the password security risk for all employees.

57% of global businesses have employees using MFA, up 12% from 2018.²

36% of IT pros see implementing biometric MFA as a priority.⁴

Why use passwordless security?

• 98% of IT professionals see room for improvement in the general password security behavior of their employees.⁴
• 82% of IT professionals agree that poor identity practices have exposed their business to risk.⁴
• 59% of IT professionals agree that strengthening user and passwordless authentication is critical and cite it among their key priorities for improving their identity capabilities.⁴

LastPass is the only solution that can remove the password from the employee login experience, while managing every single password in use through password management.

Sources:

1. Verizon DBIR
2. LastPass Global Password Security Report
3. McAfee’s CASB: MVISION Cloud
4. LastPass Guide to Modern Identity Research Report