This is part of a running commentary series for #WorldPasswordDay 2021.
Each year on the first Thursday in May, World Password Day strives to encourage users to elevate their password security strategy.
We heard from cybersecurity experts on what strong password security looks like and what the future of passwords holds. Ashish Gupta, CEO & President, Bugcrowd:
“World Password Day is an opportunity to take a step back and examine what the future holds for secure logins. To date, over 600 million passwords have been exposed through data breaches. Needless to say, standalone password protection is an insufficient and ineffective method of protecting organizations and sensitive information. Weak, insufficient and stolen credentials are common causes for breaches and hacks that often result in millions of dollars in damages and data loss. It’s more important than ever before for companies to rely on two-factor authentication that also incorporates additional login tokens or one-time codes to fully obtain access. This adds in another layer of security to help address the password problem, but still hasn’t solved it entirely as hackers can still gain access through authentication code interception techniques and SIM swapping.
While two-factor is a step up from traditional password safety, modern day problems require modern solutions, and passwordless authentication may hold the future key to more effectively securing credentials. Passwordless authentication is an intriguing and hopefully superior option in the near future, but it’s not a standalone panacea for security concerns. Coupling in additional measures such as Zero Trust, crowdsourced cybersecurity and proactive threat detection will keep enterprises secure and information safely protected in the future.”
Dave Wagner, CEO, Zix:
“World Password Day is