Noteworthy Password Statistics For 2022

How many of us have seen passwords that are either someone’s date of birth or the number 123456 in order? These are passwords that can easily be guessed by cybercriminals. Unfortunately, there are several password bad practices that are commonplace.

In this article, we will look at interesting password statistics for 2022, broach about voice biometrics adoption rate, and why it is the best alternative for passwords.

Password statistics for 2022:

• The fourth most common password is “password.” Even a novice cybercriminal can crack this in a few seconds.
• 69% of people admit to sharing their passwords with colleagues. Such careless employee behavior results in data breaches. 38% of them say that they share their passwords because it is company policy- just when you thought that it couldn’t get any worse.
• The password ‘123456789’ can be cracked 431 times within a blink’s time, but it will take 14 years to crack ‘P@ssw0rD’
• LastPass says that 50% of people use the same password for all their accounts.
• Believe it or not, 42% of organizations rely on sticky notes to manage passwords, according to a report by Ponemon Institute.
• 57% of businesses are using multi-factor authentication.
• According to a Scientific American Article, a 12-character password takes 62 trillion times longer to crack than a 6-character password.
• 43% of cyberattacks are aimed at small businesses.
• Since managing passwords is an inconvenient process, 57% of respondents said that they would like to use passwordless logins that protect their identity.
• Even though 51% of the respondents admitted to having experienced a phishing attack, 57% reported that it did not elicit a change in how they manage their passwords.
• According to a Microsoft report, using a second factor for authentication can block 99.9% of all attacks.
• You should use at least twelve characters to decrease the chances of your password getting compromised.
• A survey by LastPass says that despite 91% of respondents saying that they understand the risks of using the same password across multiple accounts, 59% of them didn’t mind doing it anyway.
• 52% of data breaches are attributed to human error and weak passwords.

Voice biometrics adoption in recent times:

Cybercriminals today are masters at wreaking havoc by entering even the most formidable fortresses. Businesses cannot be reliant anymore on the old standards of PINs and passwords alone.

Voice biometrics is the natural choice for businesses and is expected to grow to $3.9 billion by 2026.

Why?

Because the voiceprints are collected through unilateral encryption, and the user’s voice is analyzed by the AI algorithm and recognized as a string of binary data that is considered as unique as a fingerprint, called the voiceprint. It is stored as a neutral code and not as that of a person’s voice. Therefore, recreating the enrollment record is not possible. This is what makes voice biometrics the best choice for authentication.

Why is voice biometrics the best alternative for passwords?

Traditional methods of user authentication, such as PIN codes, passwords, etc., are easy pickings for cyber attackers. Among the different biometrics available today, voice is one of the strongest when it comes to combating security threats, and voice biometrics are difficult to crack using deepfake. There are multiple identifying characteristics in voice biometrics that are used to authenticate users.

Voice biometrics can be used remotely, is extremely easy to use, and doesn’t require any type of training to get acquainted with it. It has a better acceptance rate than the other biometric verification methods since it doesn’t require specialized devices, and the authentication process can be done during a normal conversation. Its high accuracy, low costs, and strong security features make it a favorite among cyber security teams.

When combined voice biometrics with other types of authentication methods, the security that voice biometrics offers is close to 100%.

Voice biometrics adds multiple layers of security additionally. It offers a frictionless verification process. Passwords would stop becoming a be-all and end-all for user authentication. The fact that everyone carries mobile phones on their person is what makes voice biometrics an incredibly effective option. You can authenticate yourself from anywhere in the world using your voice. Passwords are passé.

armour365™’s proprietary voice biometrics solution can be effective. If you are looking for an AI-based voice biometrics solution, then get in touch with us.