A quick fix is to replace passwords with passphrases, a collection of random words in a nonsensical phrase, making it difficult for hackers to guess or brute force. The concept: hackers have proven they can take over accounts by trying common passwords, like ‘123456,’ the most popular password in 2020. These are the password alternatives to avoid, and why they fail: But until recently, all of the ‘solutions’ failed to get rid of passwords, and in most cases, they made the customer experience worse. Over time, we’ve come up with many methods for improving password security. We first started looking for password alternatives more than 20 years ago. Companies lose revenue, and some customers never come back. It’s no surprise 92% of us will abandon a purchase instead of recovering our credentials. Getting locked out is a frustrating experience, and you have to decide if it’s worth going through a reset process. We also know it’s difficult for customers to manage and remember passwords. There is also a liability and compliance aspect of managing a large database of passwords that can be stolen… This has a huge direct and indirect impact over the business and the brand.” “ Account takeover is bad for customer experience and bad for business. Passwords can be easily stolen and used to take over customers’ accounts,” states Transmit Security co-founder Mickey Boodaei. Replace passwords now and use password alternatives.FIDO2 strengthens password replacements.Why shouldn’t you use a password manager?.
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