Date: 2 March 2023
Cyber Security is amongst the top priorities for most businesses these days. And placing so much focus on security is certainly warranted given the complex cyber threat landscape we live in.
The digital age makes it almost mandatory to have tight security measures in place to protect accounts and apps used by businesses.
However, surprising as it may sound, most businesses have nothing more than password protection to protect their sensitive information against cyber attacks and data breaches. While this may seem like an effective method of secure access management, there are many issues that can arise when you rely only on strong passwords for access and login.
What’s the Problem with Using Passwords?
One of the issues of password management is simply the fact that there are just so many passwords that now have to be created, remembered, and managed.
On top of this, you have the issue of weak passwords that can pose a security risk to sensitive data. In addition, passwords these days can easily be hacked, which can lead to completely compromising your computer systems, networks and mobile devices.
Several high-profile cyber-attacks in the recent past have started with theft of passwords or credential stuffing or phishing.
This is why a lot of businesses now turn to solutions such as Vault Vision passwordless authentication platforms. Naturally, you need to ensure you choose the right plan for your business, and we will learn more about this within this article.
What’s the Alternative?
Experts are now recommending that you eliminate passwords altogether for greater information security and network security.
Passwordless authentication method is now being touted as one of the safest ways of bolstering your organisational security and making it as impervious as possible to rudimentary cyber attacks like phishing attacks.
Passwordless Authentication is simply an authentication tool that allows users to log in to your IT systems and related resources without using a password. The authentication could be done through any other more convenient and secure method such as biometric identification, OTPs, proximity badge etc.
Passwordless logins reduce the chance of identity theft by a huge margin and they’re also less cumbersome for businesses to manage. In the long term, they greatly reduce the expenses that come with password management and the ensuing attacks caused by compromised passwords.
How Do You Choose the Right Passwordless Login Plan?
In order to find the right passwordless authentication plan for your business, it is important to look at some key factors. Some of the main ones to consider are:
- Your Budget and the Cost
One of the things you need to look at when it comes to choosing a suitable passwordless authentication plan for your business is the cost of the plan compared to your budget. You should take the time to work out what you can afford to spend so you can focus on options that are within your price range.
Of course, you need to look at more than just the cost of the solution, as you must ensure it is suited to your needs as well. However, pricing is an important consideration when it comes to making the right choices. - Features and Benefits
In order to ensure the passwordless authentication platform is ideally suited to the needs of your business, you need to make sure you check the benefits and features. This then means that you can match the features with your business needs to ensure it fits in with your requirements. Take some time to assess your needs and to check the features of the plan carefully, so you know whether it is the right one for you. - Ratings and Reviews
Another important part of the process is to look at ratings and reviews, which can help you to learn more about both the solution and the provider. This then means that you can make an informed decision much more easily. You will be able to find out more about how effective the platform is, the impact on the businesses of other people who have submitted reviews, and whether the provider has a solid reputation.
These are some of the important factors you need to look at if you want to ensure you find the right passwordless authentication platform for the needs of your business.
Final Thoughts
Ultimately, Passwordless Logins prove to be highly beneficial for businesses which opt for them. Apart from the obvious security benefits, they also create a better user experience for your employees and management who are saved from the hassles of creating and remembering new passwords all the time. However, it is critical that you assess the passwordless login package that you choose carefully and pick something that is just right for your specific business.
