


With true passwordless authentication, customers simply use a fingerprint or facial biometric to achieve the strongest form of MFA in one simple user action. And, if done correctly, you completely eliminate shared secrets - not just passwords but OTPs and all data that could expose you to attacks. When you authenticate customers based on FIDO2, the most current set of passwordless standards by the FIDO Alliance, you know who is accessing the account. The report goes on to say, “We have seen a rise in targeted password spray attacks, with very large spikes in the volume of attacker traffic spread across thousands of IP addresses.” The attackers’ efforts to hide from standard defenses and remain untraceable highlight yet another problem. Over 90 percent of accounts compromised by password attacks lack strong multifactor authentication (MFA), like SMS OTPs or FIDO2 authentication.Roughly 20 percent of people reuse the same passwords for many websites and apps, making them easy targets for credential stuffing or password spraying.

Password attacks increased 74 percent in the past year.The volume of password attacks has risen to roughly 921 attacks every second.

The 2022 Microsoft Digital Defense Report reveals: New data from Microsoft provides a unique perspective on the state of cybersecurity based on 43 trillion signals from billions of logins every day. We are all too familiar with the problems of passwords.
