Since the inception of the internet, passwords have been the primary authentication factor to gain access to online accounts. Yubico’s recent Global State of Authentication survey of 20,000 employees found that 58 percent still use a username and password to login to personal accounts, with 54 percent using this login method to access work accounts.
This is despite the fact that 80 percent of breaches today are a result of stolen login credentials from attacks like phishing. Because of this, passwords are widely understood by security experts as the most insecure authentication method that leaves individuals, organizations and their employees around the world vulnerable to increasingly sophisticated modern cyber attacks like phishing.
