It is time to say goodbye to passwords and implement two-factor authentication (2FA) instead. Daniel Hjort, business developer at identity and security company Nexus Group, summarizes why.
- Login with username and a static password is not secure.
- New regulations, most notably the EU’s new General Data Protection Regulation (GDPR), demand more secure authentication methods than a username and a static password. Read blog post Passwords + GDPR = big risk of non-compliance
- Organizations cannot digitize their operations fully using username and a static password as authentication method.
- The end users demand more convenient authentication methods than passwords.
- Organizations cannot afford to risk the immense damages that leaked passwords could entail.
- With the work force becoming mobile and applications moving to the cloud, you can no longer rely on physical access protection to secure your digital information.
- 2FA methods have become user friendly.
- 2FA methods have become easy to implement, even for the mobile workforce.
- The costs for administration of passwords and leaked passwords have gone up.
- The cost of 2FA methods has gone down.
