Microsoft founder Bill Gates stood before an audience in 2004 and predicted the end of password usage as a cyber-security measure. Why? Traditional passwords just don’t “meet the challenge” of keeping critical information secure, Gates reasoned.
Well, more than a decade has passed since Gates’ prediction and passwords are still an integral part of most cyber security protection both for individuals and businesses. Despite their continued usage, tech pundits persist in forecasting the death of passwords. A December 2015 study by Wakefield Research in conjunction with SecureAuth Corporation gave passwords another 10 years to live. Of the 300 IT decision-makers surveyed, nine out of ten said they believed the traditional password “won’t exist in a decade.”
But not everyone… Continue reading →