In today’s digital world, password security is more important than ever. While biometrics, one-time passwords (OTP), and other emerging forms of authentication are often touted as replacements to the traditional password, today, this concept is more marketing hype than anything else.
But just because passwords aren’t going anywhere anytime soon doesn’t mean that organizations don’t need to modernize their approach to password hygiene right now.
The Compromised Credential Crisis
As Microsoft’s security team put it, “All it takes is one compromised credential…to cause a data breach.” Coupled with the rampant problem of password reuse, compromised passwords can have a significant and long-lasting impact on enterprise security.