Passwords are old. Like surprisingly old. As we know them, Passwords have been in use since 1974. Over the years, we have come up with additional safeguards like one-time passwords (OTPs) and Two Factor Authentication (2FA) to improve on the original technology.
While these extra steps help users improve their security, they are a clumsy attempt to “fix” an outdated system; one that was never designed to keep up with the technology of today. At a certain point, we have to ask: Why do we continue to rely on a technology that has proven time and time again to fail?
Unfortunately, 2021 has not been a good year so far for cybersecurity with some of the largest companies in the world making headlines.
The pandemic, and the resulting shift to remote work, has caused a marked increase in cybercrime and data breaches. According to recent studies, stolen or mismanaged passwords and other credentials result in 81% of all data breaches.
That’s why a recent announcement from the cybersecurity company, Meveto, caught my attention. Meveto has the goal of eliminating passwords entirely from the authentication experience – something they have helped enterprises accomplish since its founding in 2017.
Unlike other companies, Meveto is utilizing a unique combination of well-vetted technologies with a specific mission driving the team forward.
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