Published at TechRadar on December 31st by Raz Rafaeli
At RSA’s 2004 security conference, Bill Gates predicted “There is no doubt that over time, people are going to rely less and less on passwords,” adding that passwords “just don’t meet the challenge for anything you really want to secure.”
A pertinent truth that is often forgotten when discussing the importance of authentication is that passwords should have been removed from the equation a long time ago. We have and have had this technology for some time.
As a result of a shift in awareness, regulations, and liability in 2018 alone, we have more evidence than ever to believe this change will finally be implemented in the coming year, with many companies standing to benefit from its advantages.
Shift in Awareness
There was an endless cycle of credential related breaches in 2018, from HSBC credential stuffing breach to Twitter, most notably Facebook, MyHeritage breach of 92M users and British Airways 380K breach, the evidence is piling up, resulting in an increase in both business and consumer awareness for weak single factor authentication