Passwordless Authentication

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Questions and Answers

What is the main issue with complex passwords according to the text?

  • They are difficult to remember for users. (correct)
  • They are not supported by legacy MFA systems.
  • They are too easy to guess for hackers.
  • They cause friction for IT administrators.

What is the problem with legacy MFA according to the text?

  • It is too complex for users to understand
  • It is not supported by financial services organizations.
  • It has not solved the security issue (correct)
  • It relies on passwords which are not secure

What percentage of financial services organizations have experienced authentication-related breaches according to the text?

  • 70%
  • 80% (correct)
  • 50%
  • 60%

What is the trade-off that most organizations face with traditional IAM according to the text?

<p>Security for usability. (B)</p> Signup and view all the answers

What are passkeys according to the text?

<p>A type of authentication token. (B)</p> Signup and view all the answers

What do passkeys signal according to the text?

<p>The wholesale adoption of passwordless technologies. (D)</p> Signup and view all the answers

What is the problem with traditional MFA according to the text?

<p>It relies on passwords which are not secure (A)</p> Signup and view all the answers

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Study Notes

  • Authentication is key in enabling secure remote work.
  • Complex passwords are not secure and cause friction for users.
  • Legacy MFA has failed to solve the security issue.
  • Password and authentication-related attacks are prevalent and disruptive.
  • 80% of financial services organizations have experienced authentication-related breaches.
  • Traditional MFA relies on passwords and is not secure.
  • Most organizations face a trade-off between security and usability with traditional IAM.
  • Passkeys advance consumer acceptance of passwordless MFA.
  • Individual and enterprise passkeys exist.
  • Passkeys signal wholesale adoption of passwordless technologies.

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