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
77%
Hacking-related breaches involve stolen credentials
Source: 2024 Verizon Data Breach Report
4,151%
Rise in malicious phishing emails since ChatGPT launched in 2022
Source: SlashNext 2024 State of Phishing Report
856%
Rise in malicious emails in the last six months
Source: SlashNext 2024 State of Phishing Report
53%
Consumers have detected more suspicious messages and online scams in 2024
Source: FIDO Alliance 2024 Authentication Barometer
The Benefits of FIDO are Clear
82%
Faster sign-in times
Source: Mercari
93%
Higher sign-in success rate
Source: eBay
4x
Improvement in sign-in success rate (vs passwords)
Source: Google
50%
Reduction in abandonment rates
Source: Air New Zealand
0%
Number of credential stuffing attacks*
Source: Air New Zealand
0%
Number of phishing attacks*
Source: Mercoin
95%
Password reset reduction
Source: HYPR
*100% passwordless environments
