Most IT Professionals Felt Prepared for Password-Primarily based Assault; Extra Than Half Fell Sufferer

PRESS RELEASE

SANTA CLARA, Calif. – December 12, 2023 – Axiad, a number one supplier of organization-wide passwordless orchestration, immediately introduced the outcomes of its 2023 State of Authentication Survey. The survey investigated the sorts of cyberattacks respondents had been most afraid of and ready for, how their organizations held up towards password-based assaults, if and why corporations are nonetheless utilizing passwords, and what cybersecurity applied sciences corporations plan to make use of in 2024. 

The survey, which was performed in October 2023, collected greater than 200 responses from U.S. info know-how (IT) professionals, together with {hardware} and software program, throughout quite a lot of trade verticals, together with monetary, authorities, retail, manufacturing, healthcare, schooling, telecommunications and extra. 

Key findings from the survey revealed:

·39% indicated phishing is essentially the most feared cyberattack, whereas 49% mentioned it’s the assault most definitely to occur. 

·88% felt their firm was ready to defend towards a password-based cyberattack, but 52% mentioned their enterprise has fallen sufferer to at least one throughout the final yr. 

·Regardless of password woes, 93% of respondents are nonetheless utilizing passwords for enterprise, citing that the largest causes they nonetheless use them are concern of change (64%), the potential want to tear and substitute know-how (54%), time constraints (51%) and lack of workers (25%).

·When requested whose fault they suppose exploited passwords are, respondents’ solutions diverse: IT workers (35%), finish customers (32%), safety groups (25%) and management (8%).

·When requested what applied sciences respondents will use over the following yr, 45% mentioned they’ll use passwordless know-how, and 27% mentioned they’ll use phishing-resistant multi-factor authentication (MFA).

·When requested which latest steerage has most impacted their group’s authentication technique, the Cybersecurity and Infrastructure Safety Company (CISA) got here out on high (41%), adopted by the Nationwide Institute of Requirements and Know-how (NIST) (26%) and the White Home Workplace of Administration and Funds (OMB) (13%).

“Generative AI has considerably lowered the entry barrier for cybercriminals to craft extremely efficient phishing emails, and while you mix that with poor password administration, it’s no shock that the quantity of profitable phishing and password-based assaults continues to skyrocket,” mentioned Bassam Al-Khalidi, co-founder and co-CEO of Axiad. “The survey outcomes are alarming as a result of, regardless of the rising variety of these cyberattacks, most corporations are nonetheless caught in the established order of utilizing passwords as their major technique of authentication. Worry of change is not any excuse. Organizations have to act now to fight superior cybercriminals, or they’ll proceed to be in danger. In immediately’s menace panorama, the simplest factor they will do to bolster their cybersecurity posture is implement passwordless authentication and phishing-resistant MFA.”

For extra information factors from the survey, view the infographic and obtain the State of Authentication Survey report.  

About Axiad

Axiad delivers organization-wide passwordless orchestration to safe individuals, machines and interactions for enterprise and public sector organizations that should optimize their cybersecurity posture whereas navigating underlying IT complexity. The corporate’s flagship product, Axiad Cloud, is a complete, safe and built-in authentication platform that enables clients to maneuver to a passwordless future with out the friction and danger of fragmented options. Axiad helps the widest vary of credentials within the trade together with FIDO, cellular MFA, Home windows Good day for Enterprise, YubiKeys, good playing cards, TPM and biometrics, and is trusted by public sector organizations and Fortune 500 corporations throughout aerospace & protection, monetary providers, insurance coverage, healthcare, oil & vitality and extra.

For extra info go to axiad.com.