A New Chapter Unfolds: SecureAuth Announces Acquisition of Cloudentity

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Highlights include:

  1. Authentication security is a top priority:  84% consider it a top 5 security priority.   
  2. Multiple Identity Providers (IdPs) are common:  76% use multiple IdPs, a surprising trend in contrast to the usual consolidation of cybersecurity tools. 
  3. Device Trust is woefully underused:  25% don’t use it all, indicating they are missing out on an easy way to improve their security posture.   
  4. Passwordless is Being Embraced: 65% plan to adopt passwordless technologies in the next 2 years.  
  5. Traditional MFA is Dead: 54% are concerned with its susceptibility to cyberattacks.

“Although companies are offering more ways to authenticate such as legacy MFA solutions, these technologies are still easily exploitable with ‘MFA bombing,’ ‘man-in-the-middle,’ and other attacks. SecureAuth’s State of Authentication Report further validates that it is time for organizations to move beyond legacy forms of MFAs and onto passwordless technologies.”

Andrew Shikiar
Executive Director and CMO
FIDO Alliance

FIDO Alliance

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