25. March 2021

Passwords are ripe for retirement

Grafik-Multi-authentifizierung-en_EN Pfade

Security // Password-based authentication is one of the biggest threats to cyber security, and accounts for over 80 per cent of all data protection breaches. Abolishing passwords not only increases security, but can also make users’ lives easier when making use of digital services. But what would the future look like without passwords? And how do we get there?

The term “password” originally comes from the Roman military. Back then, a single word was enough to gain access to a secure area. In the world of computing, passwords as a string of consecutive characters have served as one of the most reliable security measures  for over 60 years. Most users still consider them standard practice when signing up for digital services. But as the digital world becomes more complex, this method of protection has increasingly become a risk factor. Today, passwords pose one of the biggest threats to cyber security.
Furthermore, users are demanding sim­pler and more modern authentication solutions, such as fingerprints or facial recognition. Even the inventor of the “secure” password, the late Fernando Corbato, was among those clamoring for a new age of authentication. Passwordless authentication is thus the next step in tightening security further, at the same time offering intuitive control and ease of implementation.

Multi-factor authentication as a pathway to a secure digital future
There are various forms of passwordless authentication. Most solutions involve multi-factor authentication (MFA), without having to resort to a password as one of the factors. The following authentication factors form the basis of these kinds of MFA solutions:

  1. “Something that we know”, such as a password or a PIN
  2. “Something that we have”, such as a smartphone
  3. “Something that we are”, such as a fingerprint, face or DNA
  4. “Behavior-based information”, such as a place, time, user behavior (keystroke dynamics)

At least two different authentication factors need to be presented before the user can gain access to their services. 

Our security product as a core component of secure digitalization
Always pursuing the best solution to protect customers from attacks, whilst never losing sight of userfriendliness: that’s the ti&m security suite in a nutshell. It offers a user-friendly authentication solution that can be combined with a risk-based approach, so it can swiftly identify anom­alies or attacks, based on user behavior. Just like our motto: secure, simple, anywhere. 

Test our security solution demo now here!

Philip Dieringer
Philip Dieringer

Philip Dieringer, Head Bern, ti&m.