User Authentication & Security Breaches
Password-based user authentication is losing its credibility every day. According to IBM’s Cost of a Data Breach Report 2022, stolen or compromised passwords were the primary attack vector in 19% of breaches.
A password isn’t enough to protect a user from growing security threats. Also, given the fact that 51% of people use the same password for work and personal accounts. Moreover, the same study suggests that 57% of phishing victims haven’t changed their passwords.
Given the number of stolen credentials out there, passwordless authentication is the future. As per the 2020 IDG Survey of IT leaders, 87% of respondents believed passwordless authentication is “critical” or “very important.”
This article talks about the following:
- Password-based authentication and its limitations.
- Need for stronger user authentications.
- Advanced user authentication with third-party scripts, SDKs, and trackers.
Password-based Authentication and Its Limitations
Passwords can easily get leaked, stolen, reused, and shared, leading to compromises in security. That’s why as per a Verizon study, four out of 5 security breaches are linked to passwords.
Another weak aspect of passwords is that they are easy to guess. According to Specops Weak Password Report 2023, password, admin, welcome, and p@ass0rd are the four common passwords.
Users also rely on their personal information when setting passwords, making it easy to hack the password. As per Google, 59% of Americans use at least a name or birthday in their passwords.
Password-based authentication served extensively. But now, it’s time to entrust a better way to secure our digital assets.
The Need for Stronger User Authentications
With stronger user authentications, there will be fewer security breaches and more trust among customers & companies. Moreover, users can verify their identities seamlessly without getting trapped by hackers.
Here are some advanced forms of user authentication:
Biometrics
Biometrics is the new way for users to authenticate themselves. From signing up to logging into an existing account, it’s used on most smartphones.
Users can easily and conveniently authenticate themselves by scanning a finger or a face – two-thirds of people who have used biometrics think it’s superior to passwords.
Face recognition and fingerprint scans are far more secure than traditional passwords. And Per Experian’s 2021 Global Identity and Fraud Report, 81% view biometrics as the more secure way to verify their identity.
MFA
As per Microsoft, MFA blocks 99.9% of automated attacks.
Multi-Factor Authentication (MFA) requires users to provide two or more verifications to prove their identity. This is an additional layer of security once a customer has entered their correct password. MFA uses the combination of knowledge (password), possession (OTP), and inherence (biometrics) to verify a user.
Learn more about Multi-Factor Authentication – What Is MFA & How Does It Help My Business.
2FA
Two-Factor Authentication (2FA) seeks two verifications from a user to prove their identity, a password and OTP, biometrics, etc.
With 2FA, the risk of security breaches can be prevented. As per Persona, 80% of breaches can be eliminated using 2FA.
The difference between 2FA and MFA is that the latter requires two extra verifications after entering the password. Whereas 2FA just wants one.
By using cutting-edge authentications, your company can mitigate the risk of security breaches caused by traditional passwords.
Advanced User Authentication with Third-party Scripts, SDKs, and Trackers
You’ll need an intermediary to implement advanced user authentications on your company’s website or app. But what if you are unaware of their undertakings? That can cause some severe damage to your relationship with customers and overall security.
Third-party scripts, SDKs, and trackers coupled with authentication systems can exploit your company’s and its customers’ privacy. They pave the way for hackers to get access to your valuable information.
A trusted and secure user authentication provider will never use:
- Tracking scripts
- 3rd party cookies
- PII cookie properties
- iframe tracking
- CDN data mining
- Font data mining
Trusting Vault Vision to Implement Advanced Authentication Techniques
Vault Vision has an ultra-secure way of providing user authentication services to companies worldwide. We are certified with OpenID Connect and members by top security alliances like:
- OpenID Connect(OIDC)
- FIDO2
We are entrusted by customers worldwide to provide advanced passwordless user authentication features like:
- Passkeys Face ID, Pin-Based, & Fingerprint for Android and iOS
- OIDC sign in with: Google, Apple, and Microsoft
- Multi-Factor Authentication (MFA)
- Hardware Key Auth
- Time-based One Time Password (TOTP)
- Device Based Auth
- USB Key Auth
And we are the only user authentication platform that takes your privacy seriously. Vault Vision protects your company and its users by completely eliminating third-party scripts, SDKs, and trackers.
We provide built-in protection from the following:
- XSS and CSRF
- Password Spray
- Email Phishing
- Brute Force Attack
Conclusion
We at Vault Vision are making user authentication easy, fast, and secure for startups and businesses worldwide. And our dedication to privacy and security protects your company data and your user’s data.
Want to try Vault Vision? Sign-up today to start your free trial without entering your credit card details. Or, purchase the Professional Plan for just $25 per month and contact us to learn more about the Enterprise Plan.
https://www.fc4.co.uk/files/5%20terrifying%20password%20stats.pdf
https://www.verizon.com/business/en-gb/resources/2022-data-breach-investigations-report-dbir.pdf
https://specopssoft.com/our-resources/most-common-passwords/
https://www.the-parallax.com/harris-poll-google-password-security/
https://usa.visa.com/visa-everywhere/blog/bdp/2020/01/02/banking-on-biometrics-1578003687083.html
https://www.experian.com/decision-analytics/global-fraud-report
https://withpersona.com/blog/two-factor-authentication-statistics
