U.S. Markets close in 56 mins
  • S&P 500

    3,463.79
    +36.87 (+1.08%)
     
  • Dow 30

    28,458.58
    +263.16 (+0.93%)
     
  • Nasdaq

    11,595.44
    +116.56 (+1.02%)
     
  • Russell 2000

    1,625.68
    +12.05 (+0.75%)
     
  • Crude Oil

    41.51
    +0.68 (+1.67%)
     
  • Gold

    1,914.60
    +2.90 (+0.15%)
     
  • Silver

    24.94
    +0.24 (+0.98%)
     
  • EUR/USD

    1.1833
    +0.0060 (+0.5088%)
     
  • 10-Yr Bond

    0.7970
    +0.0360 (+4.73%)
     
  • Vix

    28.79
    -0.39 (-1.34%)
     
  • GBP/USD

    1.2941
    +0.0001 (+0.0065%)
     
  • USD/JPY

    105.4300
    0.0000 (0.0000%)
     
  • BTC-USD

    11,964.38
    +907.37 (+8.21%)
     
  • CMC Crypto 200

    240.33
    +1.42 (+0.59%)
     
  • FTSE 100

    5,889.22
    +4.57 (+0.08%)
     
  • Nikkei 225

    23,567.04
    -104.09 (-0.44%)
     

Weakest Link Still Prevails: Overreliance on Passwords Continues to Compromise Data Security, Finds Thales

·5 mins read
  • Forty-one percent of organizations across the U.S. and Brazil believe usernames and passwords are one of most effective access management tools despite known weaknesses

  • Nearly two-thirds (68%) of U.S. respondents believe that unprotected infrastructure present the biggest targets for cyber-attacks

  • Almost all (94%) of respondents reveal that data breaches in the last 12 months have been the biggest influence over their organization’s security policies and access management

According to the 2020 Thales Access Management Index – U.S./Brazil Edition1– four out of ten US and Brazilian IT security professionals still see usernames and passwords as one of the most effective means to protect access to their IT infrastructure, even though most hacking-related breaches are a result of weak, stolen or reused user credentials. In fact, the vast majority of respondents indicate that their organization plans to expand the use of usernames and passwords, even though the limitations could pose strong security challenges. This is particularly interesting given the increased remote worker environment. This continued reliance on outdated security comes despite half of IT leaders revealing secure access management is now a priority for boards of directors.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200616005047/en/

(Graphic: Thales)

Thales will host a webinar, "Covid-19’s Impact on How CISOs View Cloud Access Management and Remote Working" today at 2pm EDT to discuss the report in more detail. To join, please visit the registration page.

Surveying 300 IT decision-makers across the U.S. and Brazil, Thales’s new research found that the majority (68%) of U.S. IT professionals revealed that unprotected infrastructure is one of the biggest targets for cyber-attacks, ahead of cloud apps (58%) and web portals (52%). Pressure to implement digitally transformative technologies also is driving businesses to adopt solutions that are likely increasing their level of risk.

Solving the Security vs. Convenience Challenge in a Time of Crisis

The recent explosion of the remote work environment brought on by the Covid-19 global pandemic has forced IT departments into a tug-of-war between security and convenience at a time when risks are at their highest. Even amidst the rapidly evolving landscape of access management, the vast majority (94%) of respondents report that their organization’s security policies around access management have been influenced by breaches over the past year. Despite that, more than half (58%) say they still allow employees of their organization to log on to corporate resources using social media credentials – a risky practice. In fact, less than a third (28%) view social media credentials as one of the best tools for protecting cloud and web-based authentication.

According to the report, security concerns (88%), and / or the threat of a large-scale breach (84%) are the factors most likely to drive organizations to have implemented, or plan to implement, an access management solution. This highlights the reactive approach that many organizations are taking rather than a more effective, proactive one.

Accelerated Cloud Adoption adds Further Complexity

As organizations move more and more applications to the cloud, it is essential that each application is properly secured and nearly all (97%) surveyed anticipate problems for their organization if this is not done effectively. Almost all (98%) of the respondents indicate that cloud access management is conducive to facilitating overall cloud adoption, and they want to manage access centrally. According to the report, two-factor authentication (66%), smart single sign on (43%) and biometric authentication (39%) are viewed as the best tools for protecting cloud and web-based applications by U.S. respondents.

Strong Awareness for Better Access Control

Despite continued overreliance on authentication methods like usernames and passwords, multi-factor authentication use is increasing in the Americas with nearly all (95%) of respondents reporting that they have implemented it to control access to some resources. However, only 15% say they use a dedicated multi-factor solution. Smart single sign-on (SSO) may be the least widely (59%) adopted access management capability, but more than a quarter (26%) plan to implement this technology within the next year. In addition, a strong majority (86%) of respondents plan to expand their use of SSO, an indication of its growing importance.

"Innovation in access security allows us to overcome the reliance on passwords, which are proven to be insufficient in protecting data," said Francois Lasnier, vice president for Access Management solutions at Thales. "Organizations that utilize cloud-based access and passwordless authentication to scale secure cloud adoption will be able to meet the increased need for improved security, especially at a time when access control is critical for today’s remote workforce. The elimination of username and passwords as a sole method of authentication and broader use of smart single sign on will result in a greater level of security and convenience as more and more applications are delivered from outside the security perimeter."

1The 2020 Access Management Index, is a survey of 300 IT professions across the U.S. and Brazil responsibility for, or influence over, IT and data security. The survey, reporting and analysis was conducted by Vanson Bourne, commissioned by Thales.

About Thales

Thales (Euronext Paris: HO) is a global technology leader shaping the world of tomorrow today. The Group provides solutions, services and products to customers in the aeronautics, space, transport, digital identity and security, and defence markets. With 83,000 employees in 68 countries, Thales generated sales of €19 billion in 2020.

Thales is investing in particular in digital innovations — connectivity, Big Data, artificial intelligence and cybersecurity — technologies that support businesses, organisations and governments in their decisive moments.

PLEASE VISIT

Thales Group
Security

View source version on businesswire.com: https://www.businesswire.com/news/home/20200616005047/en/

Contacts

PRESS CONTACT
Thales, Media Relations
Adam Kostecki
+1 (703) 838-5645
adam.kostecki@us.thalesgroup.com