New Study Reveals Password Vulnerabilities and Concerns: Sharing and Abuse Are Common and Can Be Disastrous
Survey by DigitalPersona and BPM Forum Uncovers Growing Concern with Passwords and Corporate Compliance; Use of Fingerprint Biometrics Eases the Burden
REDWOOD CITY, CA — A large percent of IT and security executives across different industries reveal a growing concern over the use of password security, as more sophisticated network threats and breaches continue to evolve, according to the latest findings of a new research initiative by DigitalPersona, a leading provider of fingerprint authentication solutions. Seventy-three percent of respondents indicated that password security has become a bigger issue over the last year, and seventy-seven percent stated that a network data breach could be critical or disastrous to their company. With enterprise security breaches on the rise, companies must do more to stop the sharing of passwords amongst colleagues and put formal systems in place to meet security compliance and governance mandates, the study shows.
The research initiative, entitled “Secure Your Network Assets”, was conducted in conjunction with the Business Performance Management (BPM) Forum, an organization that helps advance the understanding of business performance management techniques, technologies, and processes in global enterprises. The research, which collected responses from IT and security professionals, demonstrates that password security issues, especially sharing of passwords amongst colleagues, can be critical or disastrous to the company and lead to network data breaches. In addition, while concern around compliance has escalated, a majority of organizations admitted they do not have a formal security system or policy in place and are not prepared for compliance regulations.
The study suggests that leading executives are considering new types of enterprise authentication solutions and that fingerprint biometrics is by far the top consideration. This might be attributed to the fact that fingerprint authentication enables ease-of-use with increased productivity, a combination that topped the list of security priorities in the study. In fact, 28 percent of the companies interviewed currently have fingerprint readers in notebooks or desktops, and 80 percent expect to spend the same or more than last year on biometrics solutions.
“Executives are increasingly concerned with the misuse of passwords amongst colleagues and the growing danger of internal and external threats to the network,” said George Skaff, vice president of marketing for DigitalPersona.
Other key findings:
83 percent of IT and security executives say that security compliance and governance were important, yet less than half of respondents have any formal security system or policy in place to create an electronic audit trail.
68 percent of C-level executives say network passwords have been exchanged with colleagues in their firm.
60 percent said that they or someone in their organization had given a network password to a colleague while two-thirds of the participants said that 25 percent or more of employees at their firm have access to information that could compromise the company if stolen or exposed.
40 percent said half or more of their employees access confidential information with passwords, smart cards, or tokens.
Companies remain challenged, however, to achieve full adoption of the biometrics solutions in place. The study found that less than half of those respondents whose companies have fingerprint biometrics (often embedded in laptops) are utilizing the technology.
“While respondents acknowledged they have laptops with embedded fingerprint readers, we found that many of these point solutions are not being utilized,” said Skaff. “Companies are looking for enterprise server-based authentication solutions that enforce policies and manage the client software for these notebooks.”
About DigitalPersona
DigitalPersona is the leading provider of biometric authentication solutions for enterprise networks, developers and consumer OEMs. Founded in 1996, the company designs, manufactures and sells flexible solutions that improve security and regulatory compliance while resolving password management problems. DigitalPersona’s fingerprint readers utilize superior optical fingerprint scanning technology to more accurately authenticate users regardless of finger placement. The company’s interoperable biometric software solutions uniquely support the industry's widest array of notebooks with fingerprint readers in addition to its own line of optical placement readers. DigitalPersona’s award-winning technology is used worldwide by over 30 million people in the most diverse and challenging environments for fingerprint authentication.
DigitalPersona has strategic relationships with market-leading manufacturers and resellers including Dell Inc., Microsoft and GTSI Corp. DigitalPersona Pro, the company's flagship turnkey security solution for enterprise authentication, is used by leading organizations such as the U.S. Department of Defense, Cargill, Telefonos de Mexico S.A. de C.V, (TelMex), United Bankers' Bank and Sutter Health/CPMC. For more information contact DigitalPersona, Inc. at +1 650.474.4000, or visit http://www.digitalpersona.com.
April 25, 2007
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