The demise of the password has been picking up speed since Bill Gates sounded its death-knell in 2004. While famed as one of the oldest security tools in the world of software and the internet, passwords are increasingly letting users down as the gatekeeper of our most valuable information.
The weak link lays in poor password management – particularly, password fatigue. We each have a multitude of online accounts, from banking and healthcare to internet shopping and social media platforms. The average person has 40 accounts, so remembering a different password for each one is virtually impossible – so people cut corners.