HYPR Publishes White Paper to Help Enterprise Teams Understand 'True Password-less Security' and its Impact on Stopping Credential Stuffing Attacks
NEW YORK, Oct. 2, 2018 /PRNewswire/ -- HYPR Corp., the leading provider of decentralized authentication with millions of users deployed across the Fortune 500, released its latest white paper titled "True Password-less Security".
Published today by HYPR and coauthored by Alan Goode of Goode Intelligence, the white paper empowers security and business executives with the information to distinguish between password-less experiences intended for convenience and password-less architecture that improves security. The report has just been made available today for free download at https://www.hypr.com/.
As password breaches and credential stuffing attacks reach an all-time high, enterprises are adopting new methods of user authentication in an attempt to move beyond passwords. Password elimination has been discussed at great lengths by analysts and vendors across the industry. However, many have stopped short of acknowledging an inconvenient truth – that most companies that have adopted biometrics have not actually eliminated their users' passwords.
By continuing to rely on centralized passwords, businesses have been left vulnerable to credential stuffing and reuse attacks, phishing, social engineering credential theft, account takeover, payment fraud, prepaid product cash-out scams, loyalty fraud, and large-scale data breaches.
This white paper defines the criteria for a password-less architecture, identifies the security risks of retaining centralized credential storage, and positions decentralized authentication as a convenient solution to delivering true password-less security at scale.
"Credential stuffing attacks are on the rise. Akamai's report found over 8 billion malicious login attempts in mid 2018. That's a massive problem worth focusing on and with so many enterprises moving away from passwords, it's important for us to ensure the industry takes the right approach in adopting true password-less security," said George Avetisov, CEO of HYPR Corp.
"This is a really important study as many organizations that think they are going password-less are in fact still using their legacy centralized password solutions. The user experience may have a feeling of being password-less but in fact they are just leveraging what is on the phone to unlock the credential (usually a password) that gets verified exactly the same way as the existing password system. It's like putting on a new door for an old house," said Alan Goode, CEO & Chief Analyst of Goode Intelligence.
About HYPR
HYPR is the leading provider of decentralized authentication with millions of password-less users deployed across the Fortune 500. Named a "Cool Vendor" by Gartner, HYPR is trusted by major enterprises such as Mastercard and Samsung to eliminate fraud, enhance user experience, and enable true password-less security.
Additional information is available at https://www.hypr.com/
Media Contact: North 6th Agency, Inc.
212-334-9753, [email protected]
SOURCE HYPR Corp.
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