Does 1Password go passwordless?
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Passwords are not effective in stopping data breaches. At least that's the position of the FIDO Alliance and companies like Microsoft and Google. With over 15 billion stolen passwords exposed online, it's hard to disagree with them.
The anti-password movement is getting so strong that even password management vendors are starting to experiment with passwordless authentication options. 1Password recently announced the acquisition of passwordless authentication provider Passage for an undisclosed amount. The organization also announced plans to create a new passwordless authentication platform to help enterprises secure user access, potentially leveraging Passage's biometric authentication capabilities.
1Password hopes the new solution will accelerate the adoption of security keys so users can log in with a seamless user experience while minimizing their exposure to phishing attacks.
Towards a password-free futureThe announcement comes as demand for passwordless authentication continues to grow within organizations, with a new Bitwarden survey showing that out of 800 IT decision makers, around half plan to deploy passwordless technology .
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register hereThe increase in phishing scams is one of the reasons for the great interest in adoption. Research shows that the number of monthly attacks has doubled from around 40,000 in May 2020 to over 100,000 in April 2022. These scams are becoming more common as all it takes is an employee to click on a link or an attachment in a phishing email to allow a malicious actor to infect their device with malware and harvest their login credentials.
A true password-less future has the potential to negate credential theft entirely.
"1Password is about empowering businesses and consumers to have safer and easier digital experiences. As the world evolves, that means helping businesses and consumers navigate all the complexities along the way. of a passwordless future,” said Jeff Shiner, CEO of 1Password.
"With today's acquisition of Passage, we are committed to giving businesses and end users what they want and deserve: passwordless convenience without compromising security," said shine.
A Look at the Passwordless Authentication MarketThe development of passwordless authentication solutions is accelerating rapidly, with researchers predicting it will grow from a value of $12.8 billion in 2021 to a value of $53.6 billion. ..
Join us on November 9 to learn how to successfully innovate and gain efficiencies by improving and scaling citizen developers at the Low-Code/No-Code Summit. Register here.
Passwords are not effective in stopping data breaches. At least that's the position of the FIDO Alliance and companies like Microsoft and Google. With over 15 billion stolen passwords exposed online, it's hard to disagree with them.
The anti-password movement is getting so strong that even password management vendors are starting to experiment with passwordless authentication options. 1Password recently announced the acquisition of passwordless authentication provider Passage for an undisclosed amount. The organization also announced plans to create a new passwordless authentication platform to help enterprises secure user access, potentially leveraging Passage's biometric authentication capabilities.
1Password hopes the new solution will accelerate the adoption of security keys so users can log in with a seamless user experience while minimizing their exposure to phishing attacks.
Towards a password-free futureThe announcement comes as demand for passwordless authentication continues to grow within organizations, with a new Bitwarden survey showing that out of 800 IT decision makers, around half plan to deploy passwordless technology .
EventLow-Code/No-Code vertex
Learn how to build, scale, and manage low-code programs in an easy way that creates success for everyone this November 9th. Sign up for your free pass today.
register hereThe increase in phishing scams is one of the reasons for the great interest in adoption. Research shows that the number of monthly attacks has doubled from around 40,000 in May 2020 to over 100,000 in April 2022. These scams are becoming more common as all it takes is an employee to click on a link or an attachment in a phishing email to allow a malicious actor to infect their device with malware and harvest their login credentials.
A true password-less future has the potential to negate credential theft entirely.
"1Password is about empowering businesses and consumers to have safer and easier digital experiences. As the world evolves, that means helping businesses and consumers navigate all the complexities along the way. of a passwordless future,” said Jeff Shiner, CEO of 1Password.
"With today's acquisition of Passage, we are committed to giving businesses and end users what they want and deserve: passwordless convenience without compromising security," said shine.
A Look at the Passwordless Authentication MarketThe development of passwordless authentication solutions is accelerating rapidly, with researchers predicting it will grow from a value of $12.8 billion in 2021 to a value of $53.6 billion. ..
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