In an increasingly sophisticated infrastructure, username/password combinations are a standard but persistently weak link in digital security. Not even Facebook co-founder and CEO Mark Zuckerberg is immune to poor password practices and sensitive user  information leaks. A report from Telesign examines the future of the password and of online security.
Telesign surveyed security experts across 15 industries in the U.S. and found that 70 percent believe passwords are an insufficient security measure. Internet users still don?t diversify their passwords enough, with 73 percent of all online accounts guarded by duplicate passwords.
What?s more impactful is the amount of fraud that happens as a result of leaks and hacks. 90 percent of companies surveyed had been victims of fraud, and fraud accounted for 42 percent of company financial losses. 42 percent of these attacks were related to phishing or spam, and 39 percent related to payment or credit-card fraud. However, strategies are emerging, and companies are changing their ways. The report predicts that by 2025, 72 percent of companies will stop using passwords, and 36 percent will stop using them in as little as four years. The two main avenues of change are two-factor authentication and behavioral biometrics.
While 85 percent of companies plan to use 2FA within the next 12 months, users have historically been reluctant to implement the technology. Behavioral biometrics, on the other hand, could increase security dramatical...