New research shows that for a growing number of enterprises now passwords alone are not enough, and instead more and more businesses are combining strong passwords with multifactor authentication (MFA).
The study—released by ThumbSignIn, market intelligence firm One World Identity, and IAM provider Gluu—queried nearly 75 top IT and security managers, including C-level executives and vice presidents from various industries such as finance, technology and education. Of the respondents, 36% depend on passwords plus MFA, just slightly below the 40% of organizations that still employ passwords only.
As cases of malware and financial fraud continue to skyrocket, MFA adoption will follow suit.
Read more here.