Forgot your password? Not having one is safer: WEF study

With weak or stolen passwords accounting for an average of four out of five global data breaches, a new study has said it is safer not to have a password. The new report released by the World Economic Forum here during its 2020 annual meeting said that freeing ourselves of passwords will actually make individuals safer and businesses more efficient. “With the growing availability of biometrics and next-generation technology, consumers are demanding a better digital experience while wanting to be secure online,” said Adrien Ogee, Project Lead, Platform for Shaping the Future of Cybersecurity and Digital Trust, World Economic Forum. “Relying on passwords as the primary means for authentication no longer provides the security or user experience that consumers demand,” said Andrew Shikiar, Executive Director and Chief Marketing Officer of the FIDO Alliance.