According to a new study published by BIO-key and Osterman Research, many organizations have yet to deploy highly secure multi-factor authentication, such as biometrics, which even their own IT departments consider robust.
Over 290 security and IT professionals from midsize and large enterprises were surveyed, resulting in a white paper on “Why Zero Trust Matters” and an ebook on “The State of the World”. AMF ”. They show that current practices diverge from what professionals consider to be best practices.
Multi-factor authentication is widely used, with 70% of employees and 40% of customers required to use it, but only 29% of organizations have implemented passwordless authentication workflows so far. Another 40% plan to do so eventually, although on the consumer or client side, password-less workflows lag even further behind.
The MFA survey also shows that while 60% of respondents consider biometrics to be one of the most secure MFA methods, the technology is only used by 27% of employees and 13% of customers. The majority of IT decision makers intend to increase their investments in AMF in general, and biometrics in particular.
The Zero Trust white paper explains the importance of continuous real-time identity verification and the attacks driving its adoption.
PortalGuard Wins MFA University Client
Grand Rapids Community College is the latest customer to choose PortalGuard as their identity and access management solution to secure data and applications on their campuses in West Michigan.
The university has sought to upgrade its single sign-on (SSO) solution to eliminate password fatigue for greater user satisfaction and enhanced security through the adoption of MFA.
BIO-key’s PortalGuard was selected through a competitive bidding process, which the company attributes to its functionality to support new user onboarding, enhanced remote access security with adaptive authentication for off-campus connections and its ability to manage over 400,000 users.
The company reported a 38% increase in revenue from its “Identity Bound Biometrics” and IAM solutions in its latest quarterly earnings report.
access management | authentication | BIO-key | biometrics | cybersecurity | company | identity management | multi-factor authentication | PortalGuard | Zero confidence