/PRNewswire/ Axiad, an identity-first enabler of the zero trust enterprise, today announced the appointment of David Canellos as chief executive officer.
According to the FIDO (Fast Identity Online) Alliance, passwords are the root cause of more than 80 percent of data breaches. And yet, many organizations both big and small continue to use this antiquated approach to authentication. In fact, recent research from Yubico, which surveyed more than 16,000 employees across eight countries, found 59 percent of respondents still rely on usernames and passwords as their primary method of authentication.
Cybersecurity forecasters foresee consolidation of platforms as well as the market in 2024, with regulations and corporate responsibility weighing heavily on CISOs and board members.
Axiad's State of Authentication Survey also found nearly half of respondents think phishing is the most likely cyberattack, yet only 27% plan to use phishing-resistant MFA next year.
A new report from Axiad shows that 88 percent of IT professionals feel their company is prepared to defend against a password-based cyberattack, yet 52 percent say their business has fallen victim to one within the last year.
Survey Reveals Nearly 90% of IT Pros Felt Prepared for a Password-Based Cyberattack, Yet More Than Half Fell Victim to One tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.