The Future is Here: An In-Depth Look at Passwordless Authentication
Gone are the days of frantically searching for that one elusive password that you just can't remember. The future of secure and user-friendly authentication is here, and it's called passwordless. In our inaugural annual passwordless authentication report for 2023, we dove deep into the world of passwordless and the results are astounding.
More Users Have Chosen to Go Passwordless
Our research shows that one out of three users is ditching traditional passwords and opting for passwordless authentication. That's a significant shift in the way we access our online accounts. And it's not just new accounts either. Existing users are also making the switch. From account creation to recovery, passwordless is becoming the norm.
Mobile is King
Not only is the number of users impressive, but so are the ways they're accessing passwordless authentication. The majority of users tend to use mobile devices when logging in and registering for passwordless accounts. This means that businesses need to ensure that their passwordless systems are optimized for mobile to provide the best user experience.
Chrome and Safari Lead the Pack
Of all available browsers, Chrome and Safari reign supreme in passwordless authentication. This isn’t just limited to mobile devices. Desktop users are also turning to Chrome and Safari for their passwordless needs.
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Biometrics and passkeys are the Future
The report also found a significant shift toward the use of passwordless authentication methods such as biometrics and passkeys, the new authentication standard released by the FIDO Alliance. Major tech companies like Apple, Google, and Microsoft are also promoting passkeys as a replacement for traditional passwords.
Goodbye Passwords, Hello Increased Revenue
Not only is passwordless authentication more secure, but it also has a positive impact on businesses. Our analysis indicates that the adoption of passwordless by customers is accompanied by a decrease in user drop-off rates, reset passwords, and hacked accounts. This results in increased digital revenue, improved security, and reduced reliance on password management systems.
Join the Passwordless Revolution
The results of our inaugural annual passwordless authentication report for 2023 show that the adoption of passwordless authentication is on the rise and is expected to continue growing in the coming year. The shift towards passwordless methods such as biometrics and passkeys is a major driver in this change. Businesses can benefit from increased digital revenue and improved security by implementing passwordless methods.