NEW YORK, December 10, 2019 — Passwords are the dominant way online services manage access to our personal and work-related lives. But often times, they’re more of a headache than a security tool. Today, HYPR, the leading provider of True Passwordless Security, released the findings of a two and a half year Password Usage Study, which compiled data from over 500 full-time workers across the United States and Canada to better understand how individuals use, treat and manage their passwords.
The study was developed by Yan Grinshtein, Head of User Experience at HYPR, who oversees the personal journeys users have for the company’s enterprise-facing solutions. It was split between two parts. The first part, purely workforce-related, helped understand how people use and manage passwords at their workplaces, while the second part was aimed to understand how people use and manage passwords in their personal life such as shopping, financial services, social, and more.
According to the findings, 72% of individuals reuse passwords in their personal life while nearly half (49%) of employees simply change or add a digit or character to their password when updating their company password every 90 days. Additional key findings include:
A majority of users recently require a password reset due to forgetting their password
A sizeable amount of users manage an overwhelming number of passwords
A majority of users depend on physical and digital lists to manage their passwords
“As a society, we’re so accustomed to using passwords and shared secrets that we tend to overlook just how important user experience is,” said George Avetisov, CEO and Co-founder of HYPR. “As the world evolves beyond passwords, we believe that true passwordless security delivered through the enterprise will rapidly eliminate the need for users to reuse, manage, reset or even think about passwords.”
As a result of the findings, HYPR uncovered three conclusions:
To learn more about the password usage study developed by HYPR and its infographic, please visit https://www.hypr.com/password-usage-study-part-1/.
HYPR is the leading provider of True Passwordless Security. Backed by Comcast, Mastercard, and Samsung, HYPR is the first authentication platform designed to eliminate passwords and shared secrets across the enterprise. With HYPR, businesses are finally able to deploy Desktop MFA and Strong Customer Authentication to millions of users worldwide.
Additional information is available at https://www.hypr.com/
Sr. Director of Marketing
HYPR | The Passwordless Company™