Study: 61 Percent Of Businesses Have Experienced Problems With Passwords Being Shared, Borrowed Or Stolen

  • Feb 05, 2008

ActivIdentity Corp. recently announced general availability of a new study developed by Datamonitor. The report, "A New Look at the ROI for Enterprise Smart Cards," surveyed more than 200 organizations on the state of passwords in the enterprise and the adoption of smart card identification. The research found that only 21 percent of respondents believe that passwords alone provide sufficient protection to the enterprise.

"Our research indicates that the password as a security measure has practical limitations within today's IT organizations," said Tim Gower, senior research director at Datamonitor. "The market is reaching the tipping point for broader adoption of stronger forms of identification and authentication within the enterprise."

Sixty-two percent of enterprises stated that they have experienced problems relating to passwords being shared, borrowed or stolen from within their organizations. Moreover, enterprises that operate on different password systems for applications and databases, networks and workstations spend nearly 40 man hours per week on employee identification systems. The majority of those surveyed see the industry moving towards a streamlined, single ID for physical and logical access. By eliminating previous, inefficient means of employee identification, organizations could save approximately $465,000 in three years, and this number does not take into account the IT hours wasted on password resets or enterprise-mandated password changes.

"We believe this report is an important look at the state of the smart card ID adoption curve, and aligns with trends that we are seeing in the market today," said Thomas Jahn, CEO of ActivIdentity. "An increasing number of organizations have recognized the security benefits of multi-function smart cards. As a result, they are replacing passwords, traditional tokens, photo ID and proximity cards with multi-function smart card solutions such as the ActivIdentity Smart Employee ID, to converge physical and logical security for a greater return on enterprise investment."

The full report, entitled "A New Look at the ROI for Enterprise Smart Cards," was published by Datamonitor at http://www.actividentity.com/.

Featured

  • The Yellow Brick Road

    The road to and throughout Wednesday's and Thursday's ISC West was crowded but it was amazing. Read Now

    • Industry Events
    • ISC West

  • An Inside Look From Napco at ISC West

    Get a look into the excitement at ISC West 2025 from Napco. Hear from some of their top-tech executives live from the show floor. Read Now

    • Industry Events
    • ISC West

  • Upping the Ante

    I am not a betting man in terms of cards, dice, blackjack or that wheel with the black marble racing around the circumference of a spinning wheel, but I would bet on the success of ISC West this year. Read Now

    • Industry Events
    • ISC West

  • It's Show Time

    I am one of those people that likes to see things get bigger and better. As advertised, ISC West is going to be bigger (more exhibitors) and better (more attendees). It’s show time in Las Vegas. Read Now

    • Industry Events
    • ISC West
Most   Popular

New Products

  • Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.

    Connect ONE®

    Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.

  • QCS7230 System-on-Chip (SoC)

    QCS7230 System-on-Chip (SoC)

    The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge.

  • ResponderLink

    ResponderLink

    Shooter Detection Systems (SDS), an Alarm.com company and a global leader in gunshot detection solutions, has introduced ResponderLink, a groundbreaking new 911 notification service for gunshot events. ResponderLink completes the circle from detection to 911 notification to first responder awareness, giving law enforcement enhanced situational intelligence they urgently need to save lives. Integrating SDS’s proven gunshot detection system with Noonlight’s SendPolice platform, ResponderLink is the first solution to automatically deliver real-time gunshot detection data to 911 call centers and first responders. When shots are detected, the 911 dispatching center, also known as the Public Safety Answering Point or PSAP, is contacted based on the gunfire location, enabling faster initiation of life-saving emergency protocols.