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


More

The State of Strong Authentication 2019 Report

Download the “2019 State of Authentication Report” by Javelin Research The report, sponsored by FIDO…

Read More →

Javelin Strategy & Research’s 2017 State of Authentication Report

This report, sponsored by FIDO Alliance, analyzes the state of customer and enterprise (employee) authentication…

Read More →