123456: If this is your password, you could’ve password fatigue. It’s a serious problem.
- Password fatigue at least moderately affected the lives of 87% of those surveyed by
Beyond Identity, impacting their productivity and mental health.
- On average, companies lose $480 worth of productivity annually per employee due to the time spent on password problems
- Passwordless authentication is becoming an effective alternative.
Password fatigue has intensified in today’s digital workplaces where employees are forced to remember multiple complex passwords for multiple accounts. A serious consequence of this fatigue is employees resorting to easier passwords that are impossible to forget – which explains why ‘123456’ remains the most popular password.
Password fatigue is thus stressful not just for users but also for enterprise security teams, who are responsible for protecting critical data.
Passwords in today’s changing workplace
Remote work has had a profound impact on password security. In fact, passwords are often the weakest links in a cyber incident. About 83% of the organisations who have suffered a security breach believe the reason to be either a compromised password or identity compromise, according to a LastPass – IDC survey.
Passwords, thus, have been an IT team’s bugbear for the longest time. But there are more reasons to build a stronger case against passwords. On average, companies lose $480 worth of productivity annually per employee due to the time spent on password problems, according to a study conducted by Beyond Identity. With more and more aspects of life going digital, passwords aren’t evolving with technology in a way that’s making it easier to access what you need – states the survey.
From a user point of view, password fatigue at least moderately affected the lives of 87% of those surveyed, impacting their productivity and mental health. Close to 40% of users experienced very high levels of password fatigue. Password requirements, mandatory changes, security questions etc. have led to increased confusion and stress for employees.
The more, the worse
Password usage has seen a considerable increase during the pandemic as users download more apps and prefer digital services. This is clearly adding to the woes of corporate users.
The survey found that password fatigue deepens among employees who create accounts more frequently. High levels of fatigue were reported among 56% percent of users who create an account at least once in a week. It was also observed that uniqueness of passwords has direct correlation with fatigue, with more than one third of respondents with high fatigue admitting that they avoid using special characters. They are also more likely to reuse passwords across accounts.
These habits seem to be more universal in nature with business users reflecting similar trends. Four out of five such workers reuse passwords and they end up spending an average 12 minutes every time they create or recover an account.
In today’s evolving workplace, passwords have evidently become a liability – it does not seem to be protecting assets or ensuring usability. The Beyond Identity study revealed that users with high password fatigue were twice as likely to have been hacked or breached than those with low fatigue.
The case for passwordless enterprise
The tendency of reusing passwords across multiple work accounts has been established to lead to some serious issues. For example, over 75% of those surveyed reported they’d had to utilise account recovery methods to access their work accounts at least once a month – costing organisations a considerable amount of time, effort and money.
The annual average spending by employers on time wasted due to password issues, as mentioned earlier has already reached $480 per employee and for those who reported high levels of fatigue, the number went up to a whopping $670 per employee. This has led to a growing number of organisations realising the ineffectuality of password in ensuring security and how it instead impedes user experience. Increasingly, enterprises are embracing a passwordless future for better security, reduction in cost, increased usability and to evolve as truly digital entities.
Passwordless authentication is a part of every holistic security strategy today and is considered an effective alternative for more inconvenient methods like multifactor authentication (
Passwordless methods such as biometrics, possession factors and magic links have been growing in popularity. Passwordless MFA has seen higher adoption as a more secure option in recent times. The case against passwords has only gotten stronger.
SEE ALSO :
Bengaluru, Hyderabad and Chennai hired the most number of IT digital skill experts
On the importance of eliminating bias in AI-based recruitment
Popular on BI
- I was working toward a promotion at Amazon when my manager started emailing me about needing coaching. Now I'm worried about losing my job.
- Google's head of mental health and wellbeing was among the 12,000 workers laid off by the tech giant
- Mercedes-Benz says it has achieved Level 3 automation, which requires less driver input, surpassing the self-driving capabilities of Tesla and other major US automakers
- Revealed: Only 7 health symptoms directly related to long Covid
- Jobs remain elusive, quality jobs even more so
- Centre forms committee to draft rules, standards for mediation in India
- Poco X50 Pro 5G to launch in India on February 6 – design, specs and everything you need to know
- Adani Group stocks continue to witness volatility: Adani Enterprises FPO subscribed only 6% heading into the final day