Are passwords really on their way out?

Lloyd McCoy Jr.By Lloyd McCoy, manager

If you don’t have a few passwords swirling around in your head, you’re likely not living a digital life. Passwords have been the default entry to computers and devices for decades. As soon as it became possible for multiple users to have access to the same computer system, so too was the need for some form of identity authentication.

Today, the prevalence of internet banking, personally identifiable information and corporate records stored online have made passwords a prime vector for cyberattacks.

Why are passwords so attractive? One word: convenience.

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Technology’s risky. Can this security solution help?

Lloyd McCoy Jr.The recent media coverage about data leaks and breaches  and government surveillance has so much to do with privacy, security and access. We might as well as get comfortable with security as a major challenge given that people aren’t ready to part with their mobile devices and the convenience of being able to work wherever they want.

At the same time, business interest in the internet of things, especially in government agencies is growing.  But security in IoT is still a major hurdle, causing some agencies to pump the brakes a bit.

So where does that leave the tech sector? There may be a continuing stream of risk, but there’s also opportunity, especially for companies with Identity Access Management (IAM) solutions that can address some of these valid security concerns.

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