Published on November 9, 2023, 4:02 am
Enterprises today face a significant challenge when it comes to managing their app portfolio. According to Productiv’s 2021 report, the average enterprise has around 254 apps in their portfolio. While this provides organizations with numerous capabilities and functionalities, it also raises concerns about app maintenance and security.
The Verizon 2022 Data Breach Investigations Report sheds light on the risks associated with app proliferation. The report reveals that 80% of breaches are attributed to stolen credentials, representing a 30% increase since 2017. Cybercriminals have long exploited stolen credentials as an effective method to gain unauthorized access to organizations’ resources.
As more businesses transition their IT operations to the cloud and consumers embrace mobile apps, this trend is only expected to continue. With so many different apps and systems in use, ensuring secure access for employees, business partners, and customers becomes increasingly crucial.
To address these challenges, industry experts are turning to FIDO2 (Fast Identity Online) authentication. FIDO2 is a set of open technical specifications that aim to reduce reliance on passwords and enhance overall authentication security.
The FIDO Alliance, in collaboration with the World Wide Web Consortium (W3C), has developed FIDO2 as part of its mission to create global authentication standards. FIDO2 encompasses both backend and frontend aspects of an authentication protocol, including the WebAuthn protocol defined by W3C and the CTAP protocol defined by the FIDO Alliance.
Alex Wilson, director of solutions engineering Asia Pacific & Japan at Yubico, refers to FIDO2 as the future of authentication. He explains that traditional password-based authentication methods have become inadequate due to their vulnerabilities. Passwords are often difficult to remember, prone to theft or replay attacks, and lack convenience.
FIDO2 addresses these shortcomings by offering ease of use, phishing-resistant security measures, and scalability across different platforms. It significantly reduces attackers’ ability to steal credentials through common attacks like phishing, man-in-the-middle, and credential stuffing.
The benefits of FIDO2 extend to a wide range of users. Anyone who needs to log in can benefit from this authentication standard. FIDO2’s simplicity, high level of security, and scalability make it an ideal choice for organizations across industries.
Implementing and deploying FIDO2 within an organization can be relatively straightforward for Microsoft or Google customers. It involves purchasing a FIDO2-supported token and registering it against the user’s account within the respective platform. Enabling two-factor authentication (2FA) adds an extra layer of protection.
In terms of integration with multi-factor authentication (MFA) and zero trust implementations, FIDO2 plays a vital role in verifying the legitimacy of users before granting access to sensitive information. Using FIDO-based security keys for MFA ensures robust protection against impersonation attacks.
When considering budgetary factors, there are various avenues to allocate funding for adopting FIDO2. Organizations can redirect existing help desk costs associated with password resets and supporting proprietary 2FA methods towards implementing FIDO-based solutions. The cost of data breaches continues to rise each year, making proactive security investments more compelling.
Encouraging others in your ecosystem to adopt FIDO2 can be as simple as highlighting its benefits and addressing pain points such as frequent password resets or forgetting passwords. By demonstrating how FIDO2 reduces friction while enhancing security, individuals and organizations are more likely to embrace this modern authentication experience.
Passwords may still have their place in certain scenarios, but reducing their reliance is essential. Moving towards a passwordless future where stronger authentication measures like FIDO2 are prevalent is crucial for better security outcomes.
By adopting FIDO2, organizations can significantly enhance their authentication practices, reduce the risk of cyber-attacks, improve productivity through easier access management, avoid financial losses associated with breaches, and strengthen their overall security posture.
To learn more about FIDO2 and its impact on authentication in 2023, you can visit FutureCIO’s article: “What you need to know about FIDO2 in 2023.”