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

  • UL Solutions Launches Artificial Intelligence Safety Certification Services

    UL Solutions Inc., a global leader in safety science, today announced the launch of artificial intelligence (AI) safety certification services, enabling comprehensive assessments for evaluating the safety of AI-powered products. Read Now

  • ESA Announces Initiative to Introduce the SECURE Act in State Legislatures

    The Electronic Security Association (ESA), the national voice for the electronic security and life safety industry, has announced plans to introduce the SECURE Act in state legislatures across the country beginning in 2025. The proposal, known as Safeguarding Election Candidates Using Reasonable Expenditures, provides a clear framework that allows candidates and elected officials to use campaign funds for professional security services. Read Now

    • Guard Services

  • Ransomware Attacks Rise for the First Time in Six Months

    Ransomware attacks have risen for the first time in six months, increasing by 28% month-on-month to 421 attacks. While overall attack volume remained below 500, the uptick may signal a renewed escalation heading into the year’s most active period for cyber criminals. Read Now

  • Report: 47 Percent of Security Service Providers Are Not Yet Using AI or Automation Tools

    Trackforce, a provider of security workforce management platforms, today announced the launch of its 2025 Physical Security Operations Benchmark Report, an industry-first study that benchmarks both private security service providers and corporate security teams side by side. Based on a survey of over 300 security professionals across the globe, the report provides a comprehensive look at the state of physical security operations. Read Now

    • Guard Services

  • Identity Governance at the Crossroads of Complexity and Scale

    Modern enterprises are grappling with an increasing number of identities, both human and machine, across an ever-growing number of systems. They must also deal with increased operational demands, including faster onboarding, more scalable models, and tighter security enforcement. Navigating these ever-growing challenges with speed and accuracy requires a new approach to identity governance that is built for the future enterprise. Read Now

Most   Popular

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.

  • Luma x20

    Luma x20

    Snap One has announced its popular Luma x20 family of surveillance products now offers even greater security and privacy for home and business owners across the globe by giving them full control over integrators’ system access to view live and recorded video. According to Snap One Product Manager Derek Webb, the new “customer handoff” feature provides enhanced user control after initial installation, allowing the owners to have total privacy while also making it easy to reinstate integrator access when maintenance or assistance is required. This new feature is now available to all Luma x20 users globally. “The Luma x20 family of surveillance solutions provides excellent image and audio capture, and with the new customer handoff feature, it now offers absolute privacy for camera feeds and recordings,” Webb said. “With notifications and integrator access controlled through the powerful OvrC remote system management platform, it’s easy for integrators to give their clients full control of their footage and then to get temporary access from the client for any troubleshooting needs.”

  • AC Nio

    AC Nio

    Aiphone, a leading international manufacturer of intercom, access control, and emergency communication products, has introduced the AC Nio, its access control management software, an important addition to its new line of access control solutions.