Statistics Illustrate the problems with passwords and how FIDO provides a scalable solution
The FIDO Alliance maintains a large database of industry statistics related to legacy authentication methods, as well as successes companies have achieved by deploying FIDO. The statistics on the Alliance homepage come from these sources:
The Password Problem
81%
Hacking-related breaches are caused by weak or stolen passwords
Source: Verizon Data Breach Report
1,265%
Rise in malicious phishing emails since q4 2022
Source: SlashNext 2023 State of Phishing Report
967%
Rise in credential phishing in particular since q4 2022
Source: SlashNext 2023 State of Phishing Report
54%
Consumers have noticed phishing messages become more sophisticated in last 60 days
Source: FIDO Alliance 2023 Authentication Barometer
The Benefits of FIDO are Clear
75%
Sign-in time reduction
Source: Mercari
4x
Improvement in sign-in success rate (vs passwords)
Source: Google
50%
Reduction in abandonment rates
Source: Air New Zealand
95%
Password reset reduction
Source: HYPR
