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

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

  • Allegion, Comfort Technologies Implement Mobile Credentials at the Artisan Apartment Homes in Florida

    Artisan Apartment Homes, a luxury apartment complex in Dunedin, Florida, recently transitioned from mechanical keys to electronic locks and centralized system software with support from Allegion US, a leading provider of security solutions, technology and services, and Florida-based Comfort Technologies, which specializes in deploying multifamily access control, IoT devices and software management solutions. Read Now

  • Mall of America Deploys AI-Powered Analytics to Enhance Parking Intelligence

    Mall of America®, the largest shopping and entertainment complex in North America, announced an expansion of its ongoing partnership with Axis Communications to deploy cutting-edge car-counting video analytics across more than a dozen locations. With this expansion, Mall of America (MOA) has boosted operational efficiency, improved safety and security, and enabled more informed decision-making around employee scheduling and streamlining transportation for large events. Read Now

  • Security Industry Association Launches New “askSIA” AI Tool

    The Security Industry Association (SIA) has unveiled a brand-new SIA member benefit – askSIA, a conversational AI agent designed to help users get the most out of their SIA membership, easily access SIA resources and find the latest information on SIA’s training and courses, reports and publications, events, certification offerings and more. SIA members can easily find askSIA by visiting the SIA homepage or looking for the askSIA icon in the top left of webpages. Read Now

    • Industry Events
  • Industry Embraces Mobile Access, Biometrics and AI

    A combination of evolving workplace dynamics, technology innovation and new user expectations is changing how people enter and interact with physical spaces. Access control is at the heart of these changes. Combined with biometrics and AI, mobile access control has become increasingly crucial for deploying entry solutions that are seamless, secure and adaptive to user needs. Read Now

  • Sustainable Video Solution Delivered for Landmark City of London Office Development

    An advanced, end-to-end video solution from IDIS, with a focus on reducing waste and costs, has helped a major office development in the City of London align its security with sustainability objectives. Read Now

New Products

  • Automatic Systems V07

    Automatic Systems V07

    Automatic Systems, an industry-leading manufacturer of pedestrian and vehicle secure entrance control access systems, is pleased to announce the release of its groundbreaking V07 software. The V07 software update is designed specifically to address cybersecurity concerns and will ensure the integrity and confidentiality of Automatic Systems applications. With the new V07 software, updates will be delivered by means of an encrypted file.

  • 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.