The World Economic Forum indicates that cybercrime is set to cost the global economy $2.9 million every minute in 2020 and approximately 80% of these attacks are password related. The existing authentication paradigm needs to be disrupted and as such, its important that in the cyber transformational journey, new models of authentication protect digital infrastructure. The need to look beyond a password linked authentication solution is to be looked beyond password-linked authentication solutions, such as a next-generation authentication framework including password-less security.”]
Source: https://www.bankinfosecurity.com/whitepapers/looking-beyond-password-w-7218