Australian businesses are actively moving to eradicate passwords from employees’ lives, with 90 percent of IT leaders expecting passwords to represent less than a quarter of their organisation’s logins in five years or less.
This is the verdict from the FIDO Alliance and LastPass 2023 Workforce Authentication Report, released today, which gauges IT decision-makers’ attitudes and plans for removing passwords in favour of easier and more secure passwordless authentication.
“The move towards passwordless authentication among Australian organisations has gathered significant momentum over the past few years as an increasing number of organisations have moved to eliminate the risk and liability of passwords, as they are the source of the vast majority of data breaches,” said Andrew Shikiar, Executive Director of the FIDO Alliance. “Today’s report validates this trend by showing that Australian IT leaders are in step with their global counterparts—and in some instances, ahead of the global average—in rapidly looking to minimise their reliance on legacy authentication methods in favour of passkeys that provide user-friendly, phishing-resistant sign-ins.”
“These survey results demonstrate that businesses are excited about the prospect of a passwordless future and all the benefits that future will bring. And the clear majority also recognise that a password manager plays an important role in that future,” said Mike Kosak, Senior Principal Intelligence Analyst at LastPass. “While the adoption of passwordless authentication will take some time and coaching, LastPass is proud to support forward-thinking leaders like these on that journey—ushering their organisations towards security that is stronger and more effortless than ever.”
Research for the 2023 Workforce Authentication Report was conducted by Sapio Research through an online survey of 1,005 IT decision-makers in Australia, the United States, Germany, the United Kingdom, and France. Of those surveyed, 200 respondents were from Australia.
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