Gartner forecasts that by 2022, 60% of businesses will have cut their reliance on passwords by half. Veridium CEO, James Stickland, believes the global crisis is acting as a catalyst, forcing firms to innovate stronger authentication technology, such as biometrics, to protect their most valuable assets.
“COVID-19 is now posing the biggest-ever cybersecurity threat. This is forcing businesses to rethink and overhaul their security strategies in an increasingly vulnerable landscape. Now that millions of employees are working from home, companies are waking up to the weakness of passwords. As a result, more and more organisations are turning towards passwordless, multi-factor biometric authentication to mitigate against increasingly sophisticated cyber threats, whilst enhancing the user experience.”